CAT Risk Management & Modelling Agenda

08:30

08:50

CAT RISK – LOOKING TOWARDS THE FUTURE

09:00

  • Why innovation is no longer a nice-to-have initiative, and how do we develop a strong innovation culture?
  • Analysing future challenges and trends from emerging risks, and their impact on the industry
  • How embracing new technologies and approaches can aid the industry’s development 

09:30

  • Analysing the growing exposure in Asia 
  • Challenges and opportunities in closing the protection gap – can we use ILS to do so?
  • Overcoming the lack of reliable exposure data
  • Where are the advancements going forward?

10:00

CAT RISK – TECHNOLOGY FOR THE INSURANCE MARKET

10:30

  • Examining InsurTech’s role in the re/insurance industry – can it be used to increase insurance penetration? 
  • Analysing the different types of AI available and tools to improve risk assessment processes 
  • Towards greater innovation in the re/insurance market – Pros and cons of adopting new practises

11:10

  • Pros and cons of the different types of commercial pricing tools available
  • Multiple model capabilities
  • How to enhance an existing pricing process – should we be using CAT models to do so, and how? 

11:30

For thought leaders and solution providers, this is an exclusive opportunity to interact and engage with key decision makers. To learn more about sponsorship opportunities and how to get involved in facilitating the interactive round table sessions, contact info@aventedge.com

12:10

MODEL COMPARISON SESSION

01:10

  • Introduction and overview of the model evaluation
  • Methodologies to evaluate and validate a model

01:10

  • CAT model results and findings
  • Examining comparisons from the results by model provider

02:10

  • Comparing outcomes from the scenarios and its impact on risk management
  • Interpreting modelled losses from actual events, and factors driving output discrepancies 
  • What to do when models disagree and what this means for risk-based decision making
  • Q&A

02:50

03:20

  • Lessons learnt from recent events: How do they sit within the models?
  • Scenario analysis, model testing, and interpretation of tail-events
  • Comparing outcomes in various scenarios and its impact on historical losses
  • Interpreting modelled losses and factors driving output discrepancies 
  • What to do when models disagree and what this means for risk-based decision making

04:00

04:10

08:30

08:50

CAT RISK – REVIEW AND ANALYSIS OF WORLDWIDE RISK 

09:00

  • Size of economic and industry loss of Mexico Earthquake, US Hurricane, Caribbean Hurricane and California Wildfires – how would such a series of events play out in Asia?
  • Soft market impact to risk management
  • Multiple events impact to outwards reinsurance
  • Evolution of the risk within catastrophe model – where did it perform well and poorly?

09:30

  • How did the event sit in the models? How did our models fare? 
  • The impact of flood, and the challenges in modeling
  • How should current models be modified?

10:00

  • Updates to models from recent events
  • Exposure data quality: Are we improving fast enough? 
  • Comparing models to managing this multiperil destruction
  • Challenges in quantifying the costs and damage of secondary perils 
  • Review of construction and resilience

10:50

CAT MANAGEMENT – UNRAVELLING FLOOD AND AGRICULTURE RISK

11:20

  • Managing flood risk in the region – Indonesia Flood, Thai Flood, China Flood, Vietnam Flood etc.
  • How have available models performed? What more can be done?
  • Overcoming challenges in exposure data resolution
  • What makes the flood risk insurance gap so pronounced in many markets?
  • What are the key challenges faced by developers?

12:20

  • Comparison of models available
  • Base data deficiencies and assumptions
  • Pricing and exposure management benefits

CAT MANAGEMENT – EVOLUTION OF RISKS

12:40

  • Use of models – Broadening use cases
  • Managing interconnected risks 
  • Improved technology & what it means for the (re)insurance industry

01:00

02:00

  • Analysing impact of climate change on frequency and severity of catastrophic events, and resulting losses 
  • What is the data telling us?
  • Are historical models still applicable for climate change?
  • Tapping on new technologies to understand risks in greater detail

02:20

  • Current approach and insurance penetration
  • Analysing the threat and associated losses from cyber related attacks  
  • Methodologies for risk assessment
  • Preparing for the future of the cyber insurance market – analysing the role of innovation and emerging technologies 

03:00

CAT RISK 2025

03:20

03:40

  • Have the proliferation and price of different types of complex transfers of risk made the task of single account, portfolio risk, and group perspective unmanageable?
  • How do you interpret and understand the net reinsurance position in real time?
  • How is reinsurance buying changing the focus of risk management?

04:20

04:30