About the event
Catastrophe risk modelling has changed dramatically over the past decade. With more frequent extreme weather events, evolving regulatory expectations and an ever-growing range of model providers, the challenge is no longer how to access models – it’s knowing how to select the models that are “fit for purpose” and how to use them effectively.
In some cases, these new solutions are built on existing offerings from established providers; in others, the models and data are filling gaps in capabilities. And this becomes ever more important as a broader range of hazards impacts insurance losses. Multi-model strategies are becoming standard among leading insurers and brokers, allowing companies to provide more accurate pricing and risk selection, strengthen capital management and satisfy the demands of regulators.
As part of our Exponential Risk event series, this event was designed to help insurers, regulators and solution providers understand how to get the most out of this new era of catastrophe modelling – and apply it to real-world decision-making.
We examined the evolving landscape of niche model providers, with real-life case studies on model evaluation, model selection and the application of multi-model approaches to catastrophe, in insurance and beyond.
Topics covered on the day included:
- Which areas of catastrophe modelling are seeing the emergence of new solutions
- Where niche models fit in and what problems they solve
- How to evaluate the choice and options for multi-model evaluation
- Examples from start-up companies
- How sectors beyond insurance are integrating risk modelling into their strategic planning
