Earthquake Risk: a Global Challenge

Nearly half of all natural catastrophe fatalities since 1980 have been caused by earthquakes or the tsunamis they have triggered according to Munich Re. Established catastrophe models exist for countries contributing some of the largest insured losses, such as the United States and Japan.

Yet, the impact of earthquakes in other areas of the world, where mainstream models are less developed, can also trigger major losses.

With the support of Nasdaq, this Live Chat brings together specialist model developers from around the world to review what they are offering and to get their views on the key developments to look forward to in this field.

Nasdaq’s Risk Modelling for Catastrophes service allows re/insurers and brokers to easily access catastrophe models from multiple model developers on a single platform. Covering all geographical regions of the world and a range of perils including flood, earthquake, wind and hail, the service enables new insights and an improved understanding of the exposure of a portfolio and individual properties. This educational session explores the features and benefits of the different model developers as well as the key questions to consider before investing in a new modelling tool.

Hosted by Matthew Grant, Partner at InsTech London, the speakers include:

• James Sawle, Nasdaq Risk Modelling for Catastrophes
• John Schneider, Global Earthquake Model Foundation
• Matthias Schmid PhD, Guy Carpenter
• Goran Trendafiloski, Impact Forecasting
• Mohammad Zolfaghari, CatRisk Solutions
• David Gregory, Corelogic
• Mario Ordaz, ERN and RED

Watch the full discussion via the video player below. 

Continuing Professional Development - Learning Objectives

InsTech London is accredited by The Chartered Insurance Institute (CII). By watching an InsTech London Live Chat, you can claim up to 1 CPD hours towards the CII member CPD scheme.

Let us know you attended the event by emailing cpd@instech.london and if your organisation is a member of InsTech London, you will receive a quarterly summary of the CPD hours you have earned.

The Learning Objectives for this live chat are:

• Explore how insurance losses from earthquakes are measured and managed through the use of catastrophe models
• Learn about how to access models through platforms provided by companies such as Nasdaq and Oasis
• Understand the choices available when using catastrophe models

Please take a minute to fill in this short CPD feedback form and let us know what you thought of this event.