Climate Change Stress Tests: the Implications for Insurers & Catastrophe Models

Logo
Presented by

Matthew Grant, InsTech London; Joss Matthewman, Senior Director, Climate Change Product Management & Strategy, RMS

About this talk

In this discussion with RMS we are continuing our theme of reviewing the impact of the Bank of England Climate Biennial Exploratory Scenario (CBES) released in June. Matthew Grant from InsTech London is talking with Joss Matthewman, Senior Director, Climate Change Product Management & Strategy at RMS. We begin by reviewing the cornerstones of climate change forecasting and terminology, breaking the various reporting requirements and outlooks into their fundamental elements. Using the different Representative Concentration Pathways (RCP) and the corresponding temperature increases, Matthew and Joss review what the physical changes to catastrophic loss could be and how these can be represented in a model. Issues such as climate conditioning of models, and why these require key changes in how catastrophe models are provided and used are identified with useful guidelines for users of RMS and other models. Please note: This conversation is pre-recorded. If you have any questions about the content, you can contact us at hello@instech.london.

Related topics:

More from this channel

Upcoming talks (0)
On-demand talks (51)
Subscribers (6802)
InsTech London is the fastest growing community of people and companies working together to bring the best technology, data and analytics to solve today's insurance and risk management challenges. Based in the UK but with over 50% of our members accessing us from around the world, we are bringing together people from companies of all sizes in insurance, technology, risk management and investment. The primary roles of InsTech London are 1) to help insurance companies find the best solutions to their needs, and 2) help technology companies find markets, investors and clients. We also offer individual membership and corporate membership. More details at www.instech.london