Managing Cat Modeling Uncertainty

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Insurance Insider

About this talk

As catastrophe modeling has grown increasingly more sophisticated and able deliver more granular information, the use cases for the model insights has grown dramatically. Initially cat models primarily helped quantify a portfolio’s aggregate exposure to tail events. Now, the models enable underwriters to utilize location level output to aid in individual risk selection and pricing. Portfolio managers can use event response data to garner near real-time insights into events as they’re unfolding and rapidly communicate expected results to various stakeholders. The ever increasingly complex terms and conditions meant to create highly informed risk transfer can also be more accurately captured with today’s models without the need for rough adjustments and workarounds. How can re/insurers best manage cat modeling uncertainty? Join Insurance Insider, in partnership with Moody’s RMS, for a free webinar, 10:30 ET/3:30 BT, Nov. 15, as we take a deep dive into what re/insurers are thinking about cat modeling. Discussion questions include: • Are we entering a new age of catastrophe modeling? • How can re/insurers better understand cat modeling? • How to measure uncertainties in outputs? • How simulations result in better performance? • How catastrophe models are helping to underwrite properties in hazard-prone areas? • How underwriters can use modeling to make better decisions even in states where they’re not allowed to use models for pricing? Panel: Jesse Nickerson, Senior Director, Pricing Actuary, Moody’s RMS Jason Trock, Managing Director, North America Catastrophe Advisory, Guy Carpenter Nigel Winspear, Head of Natural Catastrophe Analytics Research, Risk Management, Sompo International Dr Matthew Jones, Chief Product Officer, Fathom Moderator: Meg Green, Senior Editor, Multimedia, Insurance Insider
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