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                                                                                                                                November 9
                                                                                                                                   2012



                             January 23-24, 2013 | New York, New York, USA

Strategic Analysis & Best Practices For
Quantifying & Managing The Risk Of
Non-Modeled Catastrophes 
Assessing Solutions For More Accurate
Forecasting Of Less Precisely Modeled Perils
Enabling Profitable Insurance Forecasting For
Extreme Weather Events
                                                                                                  Expert Insights From Over 20 Of The
Join Strategic Discussions On Key Issues Impacting Insurance Of                                   Most Innovative Insurers Including:
Extreme Weather Events Including:
                                                                                                         Kevin Huang
                                                                                                         Chief Risk Officer
PSTRATEGIC INDUSTRY OUTLOOK ON EXTREME WEATHER RISK MANAGEMENT:                                          AIG Americas
Understanding Shifts In Weather Frequency Patterns And Industry Strategic Approaches To
The Changing View Of Risk                                                                                Cliff Hope
                                                                                                         EVP  Chief Property Underwriter
PQUANTIFYING NON-MODELED RISK: Finding Solutions For Managing Non-Modeled And                            Aspen
Less Precisely Modeled Peril Exposures To Capitalize On Opportunities Whilst Balancing The Risk
                                                                                                         Erik Nikodem
PCHANGING VIEW OF HURRICANE RISK: Enabling Improved Accuracy In Hurricane                                EVP  Property Division Executive
Exposure Assessment, Implementing Effective Strategies To Mitigate Against Unpredictability              Lexington Insurance
And Avoiding Over-Reliance On Models
                                                                                                         Lindene Patton
PTORNADO - HAIL: Evaluating Lessons Learned And Benchmarking Methodologies For                           Chief Climate Product Officer
Developing More Precise Quantification And Aggregation Of Tornado Risk                                   Zurich Insurance

PFLOOD: Uncovering Innovative Flood Modeling Techniques To Support Improved Risk                         Steve Hunckler
                                                                                                         Chief Claims Officer 
Analysis And Assessing The Intersection Of Flood Loss With Wind And Precipitation-Related                Chief Risk Control Services Officer
Events To Better Understand Total Exposure                                                               State Auto

PWILDFIRE: Increasing Understanding Of Wildfire Losses To Decipher Best Practices And                    Edwin Jordan
                                                                                                         Chief Underwriting Officer 
Solutions For Mitigating Against Future Losses                                                           Chief Strategy Officer
                                                                                                         Tokio Millennium Re
PLOSS ANALYSIS  RISK MITIGATION MEASURES: Examining Cost-Benefit Analysis
Of Risk Mitigation Control Measures Across Modeled And Non-Modeled Perils To Minimize                    Gary Stephen
Future Losses                                                                                            SVP Claims  Risk Management
                                                                                                         PURE Insurance
PEMPLOYING THE LATEST TECHNOLOGIES: Applying The Best Tools Available To
Support Risk Evaluation, Underwriting And Claims Processes                                               Kevin Lee
                                                                                                         VP  Senior Credit Officer
                                                                                                         Moody’s
    Organized by:                                  Media Partner:
                                                                                                         Karl Brondell
                                                                                                         AVP Claims
                                                                                                         State Farm




www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
January 23-24, 2013
    Dear Colleague,                                                                                New York | USA
    	 Would you like to gain exclusive insights into how to maximize opportunities
    for insuring extreme weather events, whilst implementing effective loss
    management and risk mitigation measures?                                                       TOP 7 REASONS TO ATTEND:
    	 If so, we invite you to join us at the Extreme Weather Insurance Risk Management
    Congress 2013, where you will hear over 20 Senior Risk, Underwriting And Claims                1 The only forum providing in-depth
                                                                                                     peril-by-peril analysis of quantification,
                                                                                                   aggregation and loss management of non-
    Officers’ perspectives from leading and innovative insurance carriers, covering the
    primary as well as excess and surplus markets.                                                 modeled and less well understood perils
                                                                                                   and exposures
    	 With wildfire losses reaching an all time high in 2012 and $136 billion of total
    property value being constantly under high threat, tornadoes causing $26 billion losses
    in 2011, and severe windstorms causing massive flooding damage, it is imperative that          2  Hear from 20+ senior insurance
                                                                                                      experts as they discuss their strategic
                                                                                                   approaches to managing volatile extreme
    the gap in understanding non-modeled perils is tackled.
                                                                                                   weather events for a more sustainable,
    	 In order to sustain the profitability of extreme weather insurance it will be                accurate and profitable risk portfolio
    crucial to find better ways to model and aggregate risk, critically evaluate the best
    approaches to risk management, and understand the science behind the increase in
    frequency and intensity of weather events.                                                     3   Uncover innovative techniques and
                                                                                                       tools for quantifying the risk of non-
                                                                                                   modeled exposures and assess solutions
    	 Addressing this dynamic challenge, the Extreme Weather Insurance Risk                        for combating major disruption from model
    Management Congress 2013 will provide an in depth peril-by-peril analysis, through             changes
    a business–strategic lens, to unravel the most effective strategic approaches, best
    practices and latest advancements in managing non-modeled and less precisely
    modeled perils and exposures.                                                                  4   Determine the most effective risk
                                                                                                       mitigation measures for tornado, hail,
                                                                                                   flood, wildfire, hurricane and winter storm
    	 This is a key opportunity not only to understand how to best prevent continued               to ensure you are sufficiently prepared
    erosion of capital, but also to discover innovative ways to meet increasing market             strategically, practically and financially
    demand for tornado, hail, flood, winterstorm, wildfire and, of course, hurricane
    coverages for inland and coastal areas.

    	 This must-attend event, designed according to industry needs, will help you tap
                                                                                                   5   Take the opportunity to benchmark your
                                                                                                       future strategy and effectively weigh up
                                                                                                   opportunities to charge premiums against
    into the future direction of extreme weather insurance, assess tools for developing a          risk loss estimations
    more individual view of risk and subsequently, employ a more robust, accurate and
    sustainable natural catastrophe portfolio.

    Please take a look at the enclosed agenda and visit:
                                                                                                   6   Draw on pockets of innovation from
                                                                                                       across the industry to identify the
                                                                                                   best applications of new technologies for
    www.extreme-weather-risk-management.com                                                        risk evaluation, underwriting and claims
    for the fastest way to register.                                                               processes to drive forward improved
                                                                     Registe
    I look forward to meeting you early next year in New York.                                     response
                                                                            r By
    Kind regards,
                                                                      Novemb
                                                                    To Mak er 9, 2012
                                                                           e A Sa
                                                                                                   7   Network with industry leaders in this
                                                                                                       insurance dedicated forum with extended
                                                                                   v
                                                                        $400 O ing Of
                                                                                                   networking opportunities at the exclusive

                                                                     Standar     ff                drinks reception, included in your pass at
    Marija Cepulyte
                                                                             d Pricin              the end of Day One
    Conference Director                                                              g!



 Sponsorship And Exhibition Opportunities                                                                We all want accurate risk quantification,
 At The The Extreme Weather Insurance Risk Management Congress 2013                                 aggregation and loss management. Improvements
 Need to generate new sales leads, engage decision makers, build new future business                  will be achieved by learning from each other.
 relationships in this growth market, or simply educate the industry about your new product?           I’m looking forward to sharing and learning.
 Then you need to exhibit at the Extreme Weather Insurance Risk Management Congress                                    Ed Jordan
 2013. Our busy exhibit area is an integral part of the Congress and is of genuine practical                 Chief Underwriting Officer and
 value to delegates, who are looking for new solutions and technologies. Becoming a Sponsor                       Chief Strategy Officer
 will help you position yourself as a market leader and center of excellence to the key decision               Tokio Millennium Re Ltd.
 makers from across the industry.
 See Page 5 For Further Information


www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
Day One                                                                 Translating Weather Trends Into An Effective Extreme Weather Risk Management
                                                                        Strategy Through Assessment Of The Most Innovative Tools, Techniques And
Wednesday January 23, 2013                                              Methodologies For Quantifying And Managing Non-Modeled Perils


8.50 Chair’s Opening Remarks                                            •	 Assessing solutions for achieving more precise application of                            FLOOD RISK
                                                                           tornado models – how can they be made more effective?                UNCOVERING GROUNDBREAKING TECHNOLOGIES, TOOLS AND
Kevin Huang, Chief Risk Officer, AIG Americas                                                                                                    METHODOLOGIES IN FLOOD MANAGEMENT TO MAKE MORE
                                                                        •	 Bringing the right information and data to the underwriting
   OPENING KEYNOTE PANEL: WEATHER TRENDS AND                                                                                                       ACCURATE AND PROFITABLE INSURANCE FORECASTS
                                                                           - how can we adequately capture and measure this risk and
            INDUSTRY STRATEGIC RESPONSES                                   challenge so far?                                                     FLOOD MODELING TECHNOLOGIES  METHODOLOGIES
9.00 Understanding Shifts In Weather Frequency Patterns And             •	 Building the appropriate amount of loading to price for the risk    A: US Flood Quantification
The Best Approaches For Interpreting This Into A Sustainable,
Accurate And Profitable Risk Portfolio: Assessing The New Norms         •	 Improving assessment of tornado-hail frequency patterns and         2.50 Developing Innovative Ways Of Modeling Flood To Enable
And Industry Strategic Responses                                           incorporating into decision making                                  Improved Measurement Of Risk: Unlocking Opportunities For
                                                                                                                                               Insuring US Coastal, River And Winter-Storm Related Flood
•	 Investigating the science behind changing weather patterns           Erik Nikodem, EVP  Property Division Executive, Lexington Insurance
   and frequencies - why is this happening?                                                                                                    •	 Understanding models and technologies that are available to
                                                                        12.10 Question  Answer Session                                           assess risk without having to build models internally - what is
•	 Measuring potential severity and outcomes of future                                                                                            available in the market to provide a more realistic view of the risk?
                                                                                       AGGREGATION OF TORNADO RISK
   extreme weather events - was 2011 a one off or a sign of
   things to come? What exactly are the ‘new norms’?                    12.20 Investigating Tornado-Hail Aggregation Of Risk To Improve        •	 Exploring the potential outcomes of less frequent more
                                                                        Understanding Of Total Exposure: Establishing Sustainable And             severe flooding events to understand how much is at risk –
•	 Examining cat model vulnerability - how can this be                                                                                            coastal, river and precipitation-related
   managed to really address the type of weather experiences            Profitable Tornado-Hail Insurance
   that we are currently experiencing                                   •	 Assessing how multiple tornado events aggregate in a                •	 Uncovering the latest, best and most economical technology
                                                                           portfolio as a key tool for better understanding exposures to          to determine flood loss and effectively underwrite it
•	 Combating major disruption from model changes –
   benchmarking industry responses and best practices                      mitigate against major loss                                         •	 Examining meteorological and geological influences to
   approaches for quantification of risk                                •	 How does the calculated aggregates impact losses and                   determine what regions are going to become most prone to
                                                                           decisions on what and where to write?                                  major flooding - supporting commercially sound selection of risk
•	 Understanding consumer responses and purchasing
   behavior before and after extreme weather events –                   •	 Insights into experiences on how these losses aggregate             •	 Highlighting methodologies outside of aggregation and
   measuring shifts in insurance demand                                    geographically and over time                                           modeling that can be utilized to manage flood risk more
                                                                                                                                                  effectively
•	 Exploring what action can be taken today to account for the          •	 Best practice techniques and methodologies for classifying
   volatility of extreme weather events rather than reacting to            one event from another                                              •	 Capitalizing on digital elevation models and hydrological models
   model changes - how can insurers make strategic plans based                                                                                    to analyze risk on a probabilistic and deterministic level
                                                                        •	 Considerations for establishing viable tornado-hail insurance
   on weather forecasts? Is everything insurable for the right price?      and maximizing this revenue stream - can this be a                  •	 Improving understanding of flood exposures and loss
•	 Cultivating a long-term view of risk: Should the industry               profitable business?                                                   potential - advantages and limitations of assessment by
   anticipate, price for and reserve for the worst-case scenario                                                                                  State and regional distribution: How do you manage the
                                                                        Michael Carr, SVP Excess  Surplus Property, Liberty International        exposure? How can base controls be identified?
   to be able to take on the additional risk that exists today?
                                                                        Underwriters
Joseph Tinetti, EVP  Head of Property, Zurich Insurance                                                                                       •	 Evaluating the risk of river flood and flood from precipitation
                                                                        12.50 Question  Answer Session                                           as part of a robust flood risk management strategy
Lindene Patton, Chief Climate Product Officer, Zurich Insurance
                                                                        1.00 Networking Lunch In The Exhibition Showcase Area                  •	 Exploring the potential for incorporating remote sensing
Bonnie Gill, VP Product Operations, Catastrophe Modeling, Allstate
                                                                                US CONVECTIVE STORM LESSONS LEARNED                               technology and satellite imagery to support more accurate
Cliff Hope, EVP  Chief Property Underwriter, Aspen                                                                                               quantification of flood risk
10.00 Question  Answer Session                                         2.00 Lessons Learned From Recent Tornado, Convective Storm
                                                                        Events Across The US: Assessing Organizational Impacts, Losses         Cliff Hope, EVP  Chief Property Underwriter, Aspen
         MANAGEMENT OF NON-MODELED PERILS                               And Reflecting On The Upsurge In Frequency And Intensity Of            3.20 Question  Answer Session
10.20 Effectively Managing Non-Modeled Risk: Capturing and              This Peril To Mitigate Future Risks
Utilizing Information For Improved Quantification Of Risk,                                                                                     B: Calculating Flood Risk On A World Wide Basis
                                                                        Perspective A
Measurement Of Exposure And Overall Better Decision Making                                                                                     3.30 Evaluating International Flood Risk To Better Understand
Capability                                                              •	 Debating whether 2011 and 2012 tornado hail activity in the         Exposures Across The Overall Portfolio And Capitalize On
                                                                           US is a sign of things to come. Is this the new norm?               Opportunities In Emerging Markets
•	 Exploring strategic responses within the industry to quantifying
   the risk of non-modeled catastrophes                                 •	 Comparing different approaches and options for managing             •	 Deciphering the impact of changing weather patterns on
•	 Recognizing the challenges, exposures and risks specific to             the increased severity and frequency in tornados:                      global flood loss. How can the substantial data gaps be
   particular non-modeled perils: Where do the most feasible                -- Diversifying geographically to moderate exposure to the            filled?
   opportunities lie?                                                          most high-risk locations                                        •	 Keeping up with topographic changes around the world to
•	 Investigating best practices for viewing and managing these              -- Tightening underwriting standards                                  determine which new areas are flood exposed to support
   types of risks to improve loss prediction                                -- Increasing premiums                                                accurate underwriting
•	 Adjusting for non-modeled perils and charging appropriate            •	 Addressing the critical component of accurate valuations to         •	 Applying weather risk technologies in international markets
   rates for risk                                                          prevent future underinsuring – analysis on lessons learned             – what are the best ways to measure risk in areas where no
•	 Assessing ways of transforming non-modeled catastrophes                 in recent claims                                                       flood maps are available?
   into modeled ones                                                    •	 Reflecting on industry losses from Joplin and subsequent            •	 Addressing concerns with data quality in emerging markets:
•	 What kinds of resources are currently available for non-                convective storms – what has been learnt in terms of                   Best practices for effectively capturing this information to
   modeled risk measurement?                                               projected versus actual losses that could improve future               increase the degree of accuracy in evaluations
•	 Employing the best tools to allow underwriters to better                evaluation and modeling interpretation of risk?                     •	 Thailand 2011: Analyzing difficulties in assessing losses to
   measure what their exposure is – analysis on current                 Steve Hunckler, Chief Claims Officer and Chief Risk Control Services      understand how they could be prevented in the future, and
   techniques, tools and methodologies pros and cons                    Officer, State Auto Insurance                                             how these lessons can be transferred to other developing
Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance                                                                                   commercial markets?
                                                                        Perspective B
Robert Zehr, Director of Enterprise Risk Management, Erie Insurance                                                                            Ming Li, Head of Business Development and Research, Tokio Marine Tech LLC
                                                                        •	 Reflecting on industry losses from Joplin and Alabama and
11.00 Question  Answer Session                                            subsequent convective storms                                        4.00 Question  Answer Session
11.10 Morning Refreshments In The Exhibition Showcase Area              •	 Assessing organizational impact of losses and reflecting on         4.10 Afternoon Refreshments In The Exhibition Showcase Area
                                                                           the upsurge in frequency and intensity of this peril
                    TORNADO-HAIL
    ADDRESSING TORNADO-HAIL RISK FROM MODELING,                         •	 Discussing approaches and options for managing the
 UNDERWRITING AND CLAIMS PERSPECTIVES: ACHIEVING MORE                      increased challenges of the severity and frequency of
 ACCURATE EVALUATIONS AND IMPROVED UNDERSTANDING OF                        weather events
             AGGREGATION TO MITIGATE LOSS                               •	 Balancing the response to large events efficiently and cost
             QUANTIFYING TORNADO-HAIL RISK                                 effectively

11.30 Developing More Precise Application Of Modeling For               •	 Evaluating the magnitude of recent weather events in order
Tornado-Hail To Allow Better Quantification Of Risk And More               to respond more effectively to future catastrophes
Specific Assessments For Underwriting                                   •	 Lessons learned in ensuring availability of adequate
•	 Are large tornadoes on the upside temporarily, or do we just            resources in responding to multiple weather events:
   observe more of them? Is this the new trend?                            Experienced claims adjusters, hard commodities etc.

•	 Anticipating the unpredictable – advances in understanding where     Karl Brondell, AVP Claims, State Farm
   and how tornadoes are going to provide a better view of the risk     2.40 Shared Question  Answer Session


www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
Day One
Wednesday January 23, 2013


              LOSS ANALYSIS: FLOOD VS WIND                            •	 Mitigating exposure to storm surge and hurricane-related           •	 Understanding what metrics are being used in light of
                                                                         flooding vs. charging additional premiums - is it better just to      potential deficiencies in models
4.40 Effectively Managing Complexities When Flood Interacts              provide the flood coverage and take the premium?
With Insured Perils: Highlighting Potential Pitfalls, Understanding                                                                         •	 Clarifying how a consistent view across the marketplace
Limits And Analyzing The Impact Of The National Flood Program         •	 Preventing compounding of wind risk with the flood risk:              is achieved with variable approaches to risk management
Mandate                                                                  Assessing how wind and flood losses are likely to aggregate           across the industry
                                                                         across the portfolio
•	 Detailing wind vs. flood coverage – where does one end and                                                                               •	 Calculations of probable maximum losses – how is this being
   the other one start?                                               David Treutel, President  CEO, Treutel Insurance Agency And Chair,      impacted by the changing view of risk?
                                                                      Flood Insurance Producers National Committee
•	 Contract form differences between National Flood Program,                                                                                •	 Insights into how the rating agencies evaluate catastrophe
   contracts and commercial property insurance forms:
                                                                      5.10 Question  Answer Session                                           risk and how it may evolve going forward?
   Assessing where the gaps in coverage falls to identify pitfalls                  RATING AGENCY PERSPECTIVE                               •	 Outlining expectations for insurers to provide their own view
   and consequences for wind claims                                                                                                            of their catastrophe exposures and justify decisions based
                                                                      5.20 Addressing Ratings Agencies Views On The Challenge Of
                                                                                                                                               on model results
•	 Understanding changes in the National Flood Program in             Unpredictability In Weather, The Changing Approach To Natural
   terms of what is actually covered and how this should be           Catastrophe Risk And Model Reliability                                Kevin Lee, VP  Senior Credit Officer, Moody’s
   addressed in underwriting for wind policy coverages                •	 How are rating agencies tackling the challenge of                  Gary Davis, AVP Property / Casualty Division, A. M. Best
•	 Utilizing new technologies and scientific community data              unpredictability in weather and subsequent issues with             Speaker Representative, Name To Be Confirmed, Standard  Poor’s
   to overcome ambiguity between wind and flood damage                   models?                                                            5.50 Question  Answer Session
   in storm surge claims - how do you effectively differentiate       •	 Explaining capital requirements: Why are they so high?
   the exposure?
                                                                                                                                            6.00 Chair’s Day One Closing Remarks

                                                                                                                                            6.10 – 7.10 	 Networking Drinks
                                                                                                                                            		            In The Exhibition Showcase Area




                                                                                                                                              Changes in the financial sector, regulatory
                                                                                                                                              environment and economy in general have
                                                                                                                                               made thorough understanding of risk for
                                                                                                                                              effective risk management a necessity. I am
                                                                                                                                             excited to exchange views and learnings with
                                                                                                                                              a great panel of speakers and attendees on
                                                                                                                                                  this complex and challenging topic
                                                                                                                                                            Prateek Chhabra
                                                                                                                                                        AVP Corporate Risk Strategy
                                                                                                                                                           Hanover Insurance




    Speaker Faculty At Extreme Weather Insurance Risk Management
 P Kevin Huang, Chief Risk Officer, AIG Americas                                                                  P Kevin Lee, VP  Senior Credit Officer, Moody’s
 P Joseph Tinetti, EVP  Head of Property, Zurich Insurance                                                       P Ming Li, Head of Business Development  Research, Tokio Marine Tech
 P Cliff Hope, EVP  Chief Property Underwriter, Aspen                                                            P Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance
 P Erik Nikodem, EVP  Property Division Executive, Lexington Insurance                                           P Karl Brondell, AVP Claims, State Farm
 P Lindene Patton, Chief Climate Product Officer, Zurich Insurance                                                P Gary Davis, AVP Property / Casualty Division, A. M. Best
 P Steve Hunckler, Chief Claims Officer  Chief Risk Control Services Officer, State Auto
                                                                                                                  P Linda Conrad, Director of Strategic Business Risk Management,
 P Edwin Jordan, Chief Underwriting Officer  Chief Strategy Officer, Tokio Millennium Re                              Zurich Insurance
 P Michael Carr, SVP Excess  Surplus Property, Liberty International Underwriters                                P Robert Zehr, Director Of Enterprise Risk Management, ERIE Insurance
 P Gary Stephen, SVP, Claims and Risk Management, PURE Insurance                                                  P David Treutel, President  CEO, Treutel Insurance Agency, and
 P Bonnie Gill, VP Product Operations, Catastrophe Modeling, Allstate                                                  Chair, Flood Insurance Producers National Committee

 P Victor Sordillo, VP  Global Technical Services Manager, Loss Control Services, Chubb  Son                    P Leslie Chapman-Henderson, President  CEO, FLASH


www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
Day Two                                                                    Supporting Improved Decision Making Through Application Of New
                                                                           Technologies, Implementing Effective Mitigation Control Measures And More
Thursday January 24, 2013                                                  Accurately Quantifying Hurricanes, Wildfire And Winter Storm


8.50 Chair’s Opening Remarks                                                                     WILDFIRE RISK                                     •	 Recognizing and accounting for second and third tier losses
                                                                             EMPLOYING THE BEST TOOLS FOR ANALYZING WILDFIRE RISK                     in the supply chain – implementing sufficient stress-testing
 KEYNOTE PANEL: APPLICATION OF NEW TECHNOLOGIES                             AND EFFECTIVELY PUTTING IN PLACE LOSS CONTROL MEASURES                    and structures to avoid disputes
9.00 Capitalizing On The Latest Technologies To Significantly                                                                                      •	 Enabling improved future planning and charging for CBI in
Improve Extreme Weather Risk Management Decision Making                                      WILDFIRE RISK ASSESSMENT                                 the short and in the long run: Is it possible to charge enough
From Underwriting To Claims Operations
                                                                           12.20 Understanding The Causes, Potential Severity And                     premiums to cover the risk?
•	 Employing the best tools as part of risk evaluation process to          Frequency Of Wildfire To Support Accurate, Profitable
                                                                                                                                                   •	 Exploring development of stand-alone and bespoke CBI
   further strengthen reliability of models and to compensate              Underwriting And Protection Against Large Loss
                                                                                                                                                      policies to support faster and less complicated payment of
   for non-existent models
                                                                           •	 Investigating societal and scientific causes of wildfire and            claims
•	 Using satellites for a global preview to better assess distant             understanding the impact of climate change on this peril
                                                                                                                                                   Linda Conrad, Director of Strategic Business Risk Management, Zurich
   and difficult to reach locations
                                                                           •	 Understanding wildfire severity and accounting for                   Insurance
•	 Incorporating satellite based imaging into data sourcing                   frequencies to underwrite confidently
                                                                                                                                                   3.50 Question  Answer Session
   process to improve the accuracy of information and more
                                                                           •	 Aggregating wildfire risk across the overall portfolio for
   efficiently locate hydrological hazards in time and space                                                                                       4.00 Afternoon Refreshments In The Exhibition Showcase Area
                                                                              better capital management and more adequate pricing
•	 Operating remote sense technology to assess condition                                                                                                     RISK MITIGATION BEST PRACTICE PANEL
                                                                           •	 Weighing the opportunity vs. the risk: How strong is the evolving
   of properties before and after catastrophe to assist the
                                                                              business case for including in client’s coverage vs. excluding?      4.30 Revealing Best Practices In Risk Mitigation Control Measures
   valuation and claims processes
                                                                           Victor Sordillo, VP  Global Technical Services Manager, Loss Control   To Reduce Exposure To Catastrophic Weather Events
Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance
                                                                           Services, Chubb  Son
                                                                                                                                                   •	 Adopting hazard-mitigation measures that are
9.30 Question  Answer Session                                             12.50 Question  Answer Session                                            commensurate with the risk - dissecting what is at the stake
               HURRICANE RISK EVALUATION                                                                                                              over the next 1, 3 and 5 + years in order to adequately
                                                                           1.00 Networking Lunch In The Exhibition Showcase Area                      prepare strategically, practically and financially
9.40 Managing The Changing View Of Hurricane Risk: Assessing                 CASE STUDY: MANAGING WILDFIRE RISK – MITIGATION
The Gap Between Model Predictions And Reality To Fully                                                                                             •	 Identifying preferred construction types for better protection
                                                                                              CONTROL MEASURES
Understand Vulnerabilities And Better Prepare For A Major Event                                                                                       against wind and flood damage
                                                                           2.00 Analyzing Recent Industry Losses From Wildfires And
•	 Defining the best strategic approaches to hurricane risk                                                                                        •	 Developments implementing and updating building codes
                                                                           Lessons Learned For Improved Management And Mitigation
   evaluation to ensure all elements of the risk are captured                                                                                         to reflect modern demands as a key solution for overcoming
                                                                           Control Measures
                                                                                                                                                      risks – how can these be further encouraged and enforced?
•	 Scrutinizing existing hurricane models: addressing recent
                                                                           •	 Comparing modeled results with actual losses to assess
   changes and highlighted vulnerabilities to identify solutions                                                                                   •	 Insights into testing of how building codes and materials
                                                                              wildfire modeling tools efficacy – drawing on experiences
   for risk mitigation                                                                                                                                hold up under extreme duress
                                                                              from significant losses in 2011-2012
•	 Allowing for the unreliability and potential deficiencies within                                                                                •	 Making recommendations to clients in terms of less risk-
                                                                           •	 How can wildfire models be improved to help manage and
   models to better manage the gaps between the model                                                                                                 prone locations, building safety requirements and in-house
                                                                              mitigate against losses?
   projections and reality                                                                                                                            precautions to lessen risk exposure
                                                                           •	 Addressing various preventative measures, such as
•	 Considerations for taking a more proactive approach to                                                                                          •	 Mitigating loss burdens by providing comprehensive
                                                                              educating consumers about fire lines and fire prevention to
   hurricane pricing - industry views on how best to respond to                                                                                       information and offering specific prevention incentives for
                                                                              mitigate the wildfire risk
   predictions for active or inactive seasons                                                                                                         reducing the vulnerability of buildings and infrastructure
                                                                           •	 Assessing relationships between type of structures and
•	 Accounting for short-term, midterm and long-term                                                                                                •	 Assessing the key elements adding to increased losses in
                                                                              resulting losses
   evaluations for hurricane risk – is the severity likely to                                                                                         recent wind and flood-related claims to effectively match the
   increase or have we experienced single point events?                    •	 Cost-benefit analysis of mitigation control measures to                 highest cost benefit mitigation measures
                                                                              prevent fire from spreading further: Sending private fire-
Kevin Huang, Chief Risk Officer, AIG Americas                                                                                                      •	 Highlighting and comparing developments in Emergency
                                                                              fighters, moving flammable materials away from insured
                                                                                                                                                      Management Systems across municipalities – what can be
10.10 Question  Answer Session                                               houses, wetting houses with fire retardant mixture
                                                                                                                                                      learned at this level to reduce losses?
               REINSURANCE PERSPECTIVE                                     Gary Stephen, SVP Claims  Risk Management, PURE Insurance
                                                                                                                                                   Leslie Chapman-Henderson, President  CEO, FLASH
10.20 Development Of Reinsurance Structures To Alleviate                   2.30 Question  Answer Session                                          5.10 Question  Answer Session
Uncertainty And Volatility In Weather Patterns And Models                                        WINTER STORM                                          END OF CONFERENCE ROUND UP AND DISCUSSION
•	 Reviewing changes in the reinsurance market driven                      2.40 Assessing Frequency, Impact And Management Of Winter
                                                                                                                                                   5.20 Summarizing Takeaway Solutions And Learnings To
   by changes in catastrophe models - mapping shifts in                    Storm To Better Understand The Overall Portfolio Risk                   Delineate The Best Future Approaches Towards Extreme Weather
   reinsurance decision making
                                                                                                                                                   Risk Management
                                                                           •	 Evaluating science predictions on US winter storm trends to
•	 Evaluating how changes in model outputs have prompted changes
                                                                              have better expectations of what is yet to come                      •	 Reviewing the best tools, techniques and methodologies
   in reinsurance costs, particularly in the coast states of the gulf
                                                                                                                                                      for progressing understanding and management of non-
                                                                           •	 Assessing gaps in winter storm model and aggregate
•	 Addressing reinsurance perspectives on quantifying risk                                                                                            modeled or less precisely modeled events
                                                                              monitoring to find best ways of modeling winter storms for
   to better understand the results they get and whether the
                                                                              accurate loss estimation                                             •	 Comparing conclusions for enabling robust risk management
   variability is fully accounted for
                                                                                                                                                      to prevent over-reliability on models
                                                                           •	 Gaining insight into winter storm intersection with floods
•	 Mapping reinsurance strategic visions for managing future
                                                                              and thunderstorms to better handle claims                            •	 Outlining key takeaways for effectively mitigating against
   extreme weather events
                                                                                                                                                      losses in an environment of unpredictability
                                                                           •	 Reviewing the impact of US winter storm and analyzing
Edwin Jordan, Chief Underwriting Officer  Chief Strategy Officer, Tokio
                                                                              cumulative losses: What strategic actions to take now -              5.35 Chair’s Closing Remarks
Millennium Re
                                                                              minimizing risk vs. maximizing the revenue
                                                                                                                                                   5.40 End Of Congress
10.50 Extended Question  Answer Discussion                                •	 Exploring opportunities to capitalize on insuring contingent
11.10 Morning Refreshment In The Exhibition Showcase Area                     business interruption – is it worth it?
               MODELING COMMUNITY VIEWS                                    3.10 Question  Answer Session
11.40 Outlining Modeling Community Views And Future Plans                            CONTINGENT BUSINESS INTERRUPTION
On Improving Models To Better Accommodate Weather Volatility
                                                                           3.20 Tackling The Underestimation Of Business Contingent
And Provide Solutions For Non-Modeled Peril Quantification
                                                                           Exposure As A Major Contributor To Insured And Economic
•	 Addressing model limitations and vulnerabilities – what actions
   modeling agencies have taken to improve these areas?
                                                                           Losses: Analyzing Available Methods Of Quantification And Their
                                                                           Effectiveness                                                                            SAVE $400
•	 Learning what is on the horizon: Improvements and changes               •	 Quantifying Contingent Business Interruption (CBI): Can this
   modeling companies are planning to make and how to                         risk be quantified – or is it just a hidden liability?                                Register by
   prepare for them
•	 Providing information on available resources for managing
                                                                           •	 Evaluating the current approaches and difficulties in
                                                                              managing CBI to understand how sound they are and what
                                                                                                                                                                    November 9
   non-modeled perils to help underwriters better understand
   and measure their exposure
                                                                              improvements could be made                                                            2012
                                                                           •	 Improving ability and underwriting expertise for how to rate
•	 Advising on quantifying risk and adjusting price for non-                  and properly reserve business interruption from a contingent
   modeled perils                                                             point of view through development of bespoke actuarial tools
12.10 Question  Answer Session



www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
Sponsorship
Opportunities
Achieving Your Business Objectives                                                      Who Will You Meet?
At The Extreme Weather Insurance Risk Management Congress 2013:


Extreme Weather Insurance Risk Management Congress 2013 offers a
unique platform for you to deliver your message, raise awareness and           Attendees By Organization Type:
network with industry leaders working on improving the accuracy of             g	40% Insurers
evaluating and improving the management of non-modeled perils and              g	25% Reinsurers and Brokers
less well understood exposures.
                                                                               g	25% Consultants and Solutions Providers
P Demonstrate Thought Leadership                                               g	10% Research Institutes, Regulators, Ratings Agencies
Improving quantification of non-modeled extreme weather events and
developing an individual view of risk is a growing area of technological
development and investment. You may be pioneering these advances,
but do your customers know what differentiates you from your
competitors? Use targeted, editorially reviewed keynotes and case
studies to demonstrate thought leadership to your target audience.

P Raise Brand Awareness And Increase Your Profile
Any solutions selected by Insurers must be subjected to careful
comparative cost-benefit analysis. Of course, senior executives take
into account profile, credibility and market leadership when selecting
suppliers to support their risk management strategies and processes.
Your organization must be at the forefront when these decisions are
made. Cement your leadership position with targeted branding and
profiling campaigns directed at the leading insurers as they search for
solutions to more accurately quantify and better manage insurance of
extreme weather events.

P Meet And Network With Decision Makers
Thought leadership, branding and profiling are converted into contracts
through extensive face-to-face relationship building. As a dedicated event
to extreme weather insurance risk management, this intimate forum
enables you to meet specific job titles in one place at one time, giving you
the best possible chance of influencing key decision makers.




            To secure your booth or discuss tailor-made
                  sponsorship packages, contact:                                         Venue Information:
                            Steve Thomas                                                 Crowne Plaza Hotel
                                                                                         Times Square
                       (1) 800 721 3915 or email                                         1605 Broadway, New York,
            steve@american-business-conferences.com                                      NY 10019 USA
                                                                                         www.crowneplaza.com




www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
Yes P                                            I would like to register the delegate(s) below for the 2 day conference
                                                 Extreme Weather Insurance
                                                 Risk Management Congress

    DETAILS PLEASE USE CAPITALS - Photocopy for multiple delegates
Delegate 1 	                    * Mr	             * Miss         * Ms * Mrs                  	      * Dr * Other
Name
Position

Delegate 2 	                    * Mr	             * Miss         * Ms * Mrs                  	      * Dr * Other
Name
Position

Organization
Address
Country 		                                                                                                                    Zip/Postal Code
Telephone		Fax
Email		Signature



    DELEGATE RATES		                                                                                               We have group discounts so you can involve your whole organization or team
	                                                                                          DELEGATE FEES (Guests are responsible for their own travel and accommodation arrangements)	
	                                                                                          Super Early Booking Discount	               Early Booking Discount	                 Standard Rate
	                                                                                          Book and pay before November 9, 2012	       Book and pay before December 7, 2012	   From December 7, 2012

2 Day Conference Plus Conference Audio Proceedings	                                        *	 US $1698 (Save $400)	                    *	 US $1898 (Save $200)	                *	 US $2098
2 Day Conference	                                                                          *	 US $1399 (Save $400)	                    *	 US $1599 (Save $200)	                *	 US $1799
I would like to order the presentations on CD, including audio files			                                                                                                        *	 $499
                                                                                                                                                                                US




    PAYMENT Please tick appropriate boxes and complete details
Payment must be received in full prior to the event.
*        Check	                                       I enclose a check in US Dollars payable to London Business Conferences for $


*        Payment by Wire Transfer	 A copy of the bank transfer document should be attached to your registration form so appropriate allocation of funds can be made to your registration.
Bank Name: Barclays Bank Account Name: London Business Conferences Account Number: 42331166 SWIFTBIC: BARCGB22 IBAN: GB59BARC20982142331166 EIN: 98-051 4924

Please charge my	                               * Visa	                                   * American Express	                                 * Mastercard
Amount $                                                                                                                     Expiry date
Card number                                                                                                                  Security Code / CVV (required)
Name on card                                                                                                                 Signature of card holder


Terms and Conditions                       colleague to take your place.             write to the Head of Marketing,
The conference is being organized
by American Business Conferences,
                                           American Business Conferences
                                           reserves the right to alter or cancel
                                                                                     American Business Conferences at the
                                                                                     address below if you specifically do
                                                                                                                             HOW TO REGISTER
a division of London Business              thespeakers or program. Receipt of        not want to receive this information.
Conferences Ltd, a limited liability       thibooking form, inclusive or exclusive   American Business Conferences, City     Please Return Your Completed Registration Form To Our Customer Service Team
company formed under English               of payment constitutes formal             Centre One 800 Town  Country Blvd
company law and registered in the UK       agreement to attend and acceptance        Suite 300, Houston, TX, 77024, USA      Call 	    (1) 800 721 3915
no. 5090859.                               of the terms and conditions stated.       American Business Conferences
Cancellations received one calendar        *If you are claiming the early booking    will not accept liability for any
month (or the previous working day         discount this may not be used in          individual transport delays and in      Fax 	     (1) 800 714 1359
whichever is the earliest) before the      conjunction with other discounts          such circumstances the normal
event will be eligible for a refund less   advertised elsewhere.                     cancellation restrictions apply.        Email 	   info@american-business-conferences.com
$150 administration fee. Cancellations     We would like to keep you informed        American Business Conferences
must be made in writing. After that        of other American Business                is a Division of London Business        Online 	 www.extreme-weather-risk-management.com
point no refund can be made. If you        Conferences products and services.        Conferences Limited, Registered
are unable to attend, no refund can        This will be carried out in accordance    in England No. 5090859 EIN. no:
be given but you may nominate a            with the Data Protection Act. Please      98-0514924                              Address 	 City Centre One 800 Town  Country Blvd Suite 300, Houston, TX, 77024, USA



www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

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  • 1. SAVE $400 Register by November 9 2012 January 23-24, 2013 | New York, New York, USA Strategic Analysis & Best Practices For Quantifying & Managing The Risk Of Non-Modeled Catastrophes Assessing Solutions For More Accurate Forecasting Of Less Precisely Modeled Perils Enabling Profitable Insurance Forecasting For Extreme Weather Events Expert Insights From Over 20 Of The Join Strategic Discussions On Key Issues Impacting Insurance Of Most Innovative Insurers Including: Extreme Weather Events Including: Kevin Huang Chief Risk Officer PSTRATEGIC INDUSTRY OUTLOOK ON EXTREME WEATHER RISK MANAGEMENT: AIG Americas Understanding Shifts In Weather Frequency Patterns And Industry Strategic Approaches To The Changing View Of Risk Cliff Hope EVP Chief Property Underwriter PQUANTIFYING NON-MODELED RISK: Finding Solutions For Managing Non-Modeled And Aspen Less Precisely Modeled Peril Exposures To Capitalize On Opportunities Whilst Balancing The Risk Erik Nikodem PCHANGING VIEW OF HURRICANE RISK: Enabling Improved Accuracy In Hurricane EVP Property Division Executive Exposure Assessment, Implementing Effective Strategies To Mitigate Against Unpredictability Lexington Insurance And Avoiding Over-Reliance On Models Lindene Patton PTORNADO - HAIL: Evaluating Lessons Learned And Benchmarking Methodologies For Chief Climate Product Officer Developing More Precise Quantification And Aggregation Of Tornado Risk Zurich Insurance PFLOOD: Uncovering Innovative Flood Modeling Techniques To Support Improved Risk Steve Hunckler Chief Claims Officer Analysis And Assessing The Intersection Of Flood Loss With Wind And Precipitation-Related Chief Risk Control Services Officer Events To Better Understand Total Exposure State Auto PWILDFIRE: Increasing Understanding Of Wildfire Losses To Decipher Best Practices And Edwin Jordan Chief Underwriting Officer Solutions For Mitigating Against Future Losses Chief Strategy Officer Tokio Millennium Re PLOSS ANALYSIS RISK MITIGATION MEASURES: Examining Cost-Benefit Analysis Of Risk Mitigation Control Measures Across Modeled And Non-Modeled Perils To Minimize Gary Stephen Future Losses SVP Claims Risk Management PURE Insurance PEMPLOYING THE LATEST TECHNOLOGIES: Applying The Best Tools Available To Support Risk Evaluation, Underwriting And Claims Processes Kevin Lee VP Senior Credit Officer Moody’s Organized by: Media Partner: Karl Brondell AVP Claims State Farm www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  • 2. January 23-24, 2013 Dear Colleague, New York | USA Would you like to gain exclusive insights into how to maximize opportunities for insuring extreme weather events, whilst implementing effective loss management and risk mitigation measures? TOP 7 REASONS TO ATTEND: If so, we invite you to join us at the Extreme Weather Insurance Risk Management Congress 2013, where you will hear over 20 Senior Risk, Underwriting And Claims 1 The only forum providing in-depth peril-by-peril analysis of quantification, aggregation and loss management of non- Officers’ perspectives from leading and innovative insurance carriers, covering the primary as well as excess and surplus markets. modeled and less well understood perils and exposures With wildfire losses reaching an all time high in 2012 and $136 billion of total property value being constantly under high threat, tornadoes causing $26 billion losses in 2011, and severe windstorms causing massive flooding damage, it is imperative that 2 Hear from 20+ senior insurance experts as they discuss their strategic approaches to managing volatile extreme the gap in understanding non-modeled perils is tackled. weather events for a more sustainable, In order to sustain the profitability of extreme weather insurance it will be accurate and profitable risk portfolio crucial to find better ways to model and aggregate risk, critically evaluate the best approaches to risk management, and understand the science behind the increase in frequency and intensity of weather events. 3 Uncover innovative techniques and tools for quantifying the risk of non- modeled exposures and assess solutions Addressing this dynamic challenge, the Extreme Weather Insurance Risk for combating major disruption from model Management Congress 2013 will provide an in depth peril-by-peril analysis, through changes a business–strategic lens, to unravel the most effective strategic approaches, best practices and latest advancements in managing non-modeled and less precisely modeled perils and exposures. 4 Determine the most effective risk mitigation measures for tornado, hail, flood, wildfire, hurricane and winter storm This is a key opportunity not only to understand how to best prevent continued to ensure you are sufficiently prepared erosion of capital, but also to discover innovative ways to meet increasing market strategically, practically and financially demand for tornado, hail, flood, winterstorm, wildfire and, of course, hurricane coverages for inland and coastal areas. This must-attend event, designed according to industry needs, will help you tap 5 Take the opportunity to benchmark your future strategy and effectively weigh up opportunities to charge premiums against into the future direction of extreme weather insurance, assess tools for developing a risk loss estimations more individual view of risk and subsequently, employ a more robust, accurate and sustainable natural catastrophe portfolio. Please take a look at the enclosed agenda and visit: 6 Draw on pockets of innovation from across the industry to identify the best applications of new technologies for www.extreme-weather-risk-management.com risk evaluation, underwriting and claims for the fastest way to register. processes to drive forward improved Registe I look forward to meeting you early next year in New York. response r By Kind regards, Novemb To Mak er 9, 2012 e A Sa 7 Network with industry leaders in this insurance dedicated forum with extended v $400 O ing Of networking opportunities at the exclusive Standar ff drinks reception, included in your pass at Marija Cepulyte d Pricin the end of Day One Conference Director g! Sponsorship And Exhibition Opportunities We all want accurate risk quantification, At The The Extreme Weather Insurance Risk Management Congress 2013 aggregation and loss management. Improvements Need to generate new sales leads, engage decision makers, build new future business will be achieved by learning from each other. relationships in this growth market, or simply educate the industry about your new product? I’m looking forward to sharing and learning. Then you need to exhibit at the Extreme Weather Insurance Risk Management Congress Ed Jordan 2013. Our busy exhibit area is an integral part of the Congress and is of genuine practical Chief Underwriting Officer and value to delegates, who are looking for new solutions and technologies. Becoming a Sponsor Chief Strategy Officer will help you position yourself as a market leader and center of excellence to the key decision Tokio Millennium Re Ltd. makers from across the industry. See Page 5 For Further Information www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  • 3. Day One Translating Weather Trends Into An Effective Extreme Weather Risk Management Strategy Through Assessment Of The Most Innovative Tools, Techniques And Wednesday January 23, 2013 Methodologies For Quantifying And Managing Non-Modeled Perils 8.50 Chair’s Opening Remarks • Assessing solutions for achieving more precise application of FLOOD RISK tornado models – how can they be made more effective? UNCOVERING GROUNDBREAKING TECHNOLOGIES, TOOLS AND Kevin Huang, Chief Risk Officer, AIG Americas METHODOLOGIES IN FLOOD MANAGEMENT TO MAKE MORE • Bringing the right information and data to the underwriting OPENING KEYNOTE PANEL: WEATHER TRENDS AND ACCURATE AND PROFITABLE INSURANCE FORECASTS - how can we adequately capture and measure this risk and INDUSTRY STRATEGIC RESPONSES challenge so far? FLOOD MODELING TECHNOLOGIES METHODOLOGIES 9.00 Understanding Shifts In Weather Frequency Patterns And • Building the appropriate amount of loading to price for the risk A: US Flood Quantification The Best Approaches For Interpreting This Into A Sustainable, Accurate And Profitable Risk Portfolio: Assessing The New Norms • Improving assessment of tornado-hail frequency patterns and 2.50 Developing Innovative Ways Of Modeling Flood To Enable And Industry Strategic Responses incorporating into decision making Improved Measurement Of Risk: Unlocking Opportunities For Insuring US Coastal, River And Winter-Storm Related Flood • Investigating the science behind changing weather patterns Erik Nikodem, EVP Property Division Executive, Lexington Insurance and frequencies - why is this happening? • Understanding models and technologies that are available to 12.10 Question Answer Session assess risk without having to build models internally - what is • Measuring potential severity and outcomes of future available in the market to provide a more realistic view of the risk? AGGREGATION OF TORNADO RISK extreme weather events - was 2011 a one off or a sign of things to come? What exactly are the ‘new norms’? 12.20 Investigating Tornado-Hail Aggregation Of Risk To Improve • Exploring the potential outcomes of less frequent more Understanding Of Total Exposure: Establishing Sustainable And severe flooding events to understand how much is at risk – • Examining cat model vulnerability - how can this be coastal, river and precipitation-related managed to really address the type of weather experiences Profitable Tornado-Hail Insurance that we are currently experiencing • Assessing how multiple tornado events aggregate in a • Uncovering the latest, best and most economical technology portfolio as a key tool for better understanding exposures to to determine flood loss and effectively underwrite it • Combating major disruption from model changes – benchmarking industry responses and best practices mitigate against major loss • Examining meteorological and geological influences to approaches for quantification of risk • How does the calculated aggregates impact losses and determine what regions are going to become most prone to decisions on what and where to write? major flooding - supporting commercially sound selection of risk • Understanding consumer responses and purchasing behavior before and after extreme weather events – • Insights into experiences on how these losses aggregate • Highlighting methodologies outside of aggregation and measuring shifts in insurance demand geographically and over time modeling that can be utilized to manage flood risk more effectively • Exploring what action can be taken today to account for the • Best practice techniques and methodologies for classifying volatility of extreme weather events rather than reacting to one event from another • Capitalizing on digital elevation models and hydrological models model changes - how can insurers make strategic plans based to analyze risk on a probabilistic and deterministic level • Considerations for establishing viable tornado-hail insurance on weather forecasts? Is everything insurable for the right price? and maximizing this revenue stream - can this be a • Improving understanding of flood exposures and loss • Cultivating a long-term view of risk: Should the industry profitable business? potential - advantages and limitations of assessment by anticipate, price for and reserve for the worst-case scenario State and regional distribution: How do you manage the Michael Carr, SVP Excess Surplus Property, Liberty International exposure? How can base controls be identified? to be able to take on the additional risk that exists today? Underwriters Joseph Tinetti, EVP Head of Property, Zurich Insurance • Evaluating the risk of river flood and flood from precipitation 12.50 Question Answer Session as part of a robust flood risk management strategy Lindene Patton, Chief Climate Product Officer, Zurich Insurance 1.00 Networking Lunch In The Exhibition Showcase Area • Exploring the potential for incorporating remote sensing Bonnie Gill, VP Product Operations, Catastrophe Modeling, Allstate US CONVECTIVE STORM LESSONS LEARNED technology and satellite imagery to support more accurate Cliff Hope, EVP Chief Property Underwriter, Aspen quantification of flood risk 10.00 Question Answer Session 2.00 Lessons Learned From Recent Tornado, Convective Storm Events Across The US: Assessing Organizational Impacts, Losses Cliff Hope, EVP Chief Property Underwriter, Aspen MANAGEMENT OF NON-MODELED PERILS And Reflecting On The Upsurge In Frequency And Intensity Of 3.20 Question Answer Session 10.20 Effectively Managing Non-Modeled Risk: Capturing and This Peril To Mitigate Future Risks Utilizing Information For Improved Quantification Of Risk, B: Calculating Flood Risk On A World Wide Basis Perspective A Measurement Of Exposure And Overall Better Decision Making 3.30 Evaluating International Flood Risk To Better Understand Capability • Debating whether 2011 and 2012 tornado hail activity in the Exposures Across The Overall Portfolio And Capitalize On US is a sign of things to come. Is this the new norm? Opportunities In Emerging Markets • Exploring strategic responses within the industry to quantifying the risk of non-modeled catastrophes • Comparing different approaches and options for managing • Deciphering the impact of changing weather patterns on • Recognizing the challenges, exposures and risks specific to the increased severity and frequency in tornados: global flood loss. How can the substantial data gaps be particular non-modeled perils: Where do the most feasible -- Diversifying geographically to moderate exposure to the filled? opportunities lie? most high-risk locations • Keeping up with topographic changes around the world to • Investigating best practices for viewing and managing these -- Tightening underwriting standards determine which new areas are flood exposed to support types of risks to improve loss prediction -- Increasing premiums accurate underwriting • Adjusting for non-modeled perils and charging appropriate • Addressing the critical component of accurate valuations to • Applying weather risk technologies in international markets rates for risk prevent future underinsuring – analysis on lessons learned – what are the best ways to measure risk in areas where no • Assessing ways of transforming non-modeled catastrophes in recent claims flood maps are available? into modeled ones • Reflecting on industry losses from Joplin and subsequent • Addressing concerns with data quality in emerging markets: • What kinds of resources are currently available for non- convective storms – what has been learnt in terms of Best practices for effectively capturing this information to modeled risk measurement? projected versus actual losses that could improve future increase the degree of accuracy in evaluations • Employing the best tools to allow underwriters to better evaluation and modeling interpretation of risk? • Thailand 2011: Analyzing difficulties in assessing losses to measure what their exposure is – analysis on current Steve Hunckler, Chief Claims Officer and Chief Risk Control Services understand how they could be prevented in the future, and techniques, tools and methodologies pros and cons Officer, State Auto Insurance how these lessons can be transferred to other developing Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance commercial markets? Perspective B Robert Zehr, Director of Enterprise Risk Management, Erie Insurance Ming Li, Head of Business Development and Research, Tokio Marine Tech LLC • Reflecting on industry losses from Joplin and Alabama and 11.00 Question Answer Session subsequent convective storms 4.00 Question Answer Session 11.10 Morning Refreshments In The Exhibition Showcase Area • Assessing organizational impact of losses and reflecting on 4.10 Afternoon Refreshments In The Exhibition Showcase Area the upsurge in frequency and intensity of this peril TORNADO-HAIL ADDRESSING TORNADO-HAIL RISK FROM MODELING, • Discussing approaches and options for managing the UNDERWRITING AND CLAIMS PERSPECTIVES: ACHIEVING MORE increased challenges of the severity and frequency of ACCURATE EVALUATIONS AND IMPROVED UNDERSTANDING OF weather events AGGREGATION TO MITIGATE LOSS • Balancing the response to large events efficiently and cost QUANTIFYING TORNADO-HAIL RISK effectively 11.30 Developing More Precise Application Of Modeling For • Evaluating the magnitude of recent weather events in order Tornado-Hail To Allow Better Quantification Of Risk And More to respond more effectively to future catastrophes Specific Assessments For Underwriting • Lessons learned in ensuring availability of adequate • Are large tornadoes on the upside temporarily, or do we just resources in responding to multiple weather events: observe more of them? Is this the new trend? Experienced claims adjusters, hard commodities etc. • Anticipating the unpredictable – advances in understanding where Karl Brondell, AVP Claims, State Farm and how tornadoes are going to provide a better view of the risk 2.40 Shared Question Answer Session www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  • 4. Day One Wednesday January 23, 2013 LOSS ANALYSIS: FLOOD VS WIND • Mitigating exposure to storm surge and hurricane-related • Understanding what metrics are being used in light of flooding vs. charging additional premiums - is it better just to potential deficiencies in models 4.40 Effectively Managing Complexities When Flood Interacts provide the flood coverage and take the premium? With Insured Perils: Highlighting Potential Pitfalls, Understanding • Clarifying how a consistent view across the marketplace Limits And Analyzing The Impact Of The National Flood Program • Preventing compounding of wind risk with the flood risk: is achieved with variable approaches to risk management Mandate Assessing how wind and flood losses are likely to aggregate across the industry across the portfolio • Detailing wind vs. flood coverage – where does one end and • Calculations of probable maximum losses – how is this being the other one start? David Treutel, President CEO, Treutel Insurance Agency And Chair, impacted by the changing view of risk? Flood Insurance Producers National Committee • Contract form differences between National Flood Program, • Insights into how the rating agencies evaluate catastrophe contracts and commercial property insurance forms: 5.10 Question Answer Session risk and how it may evolve going forward? Assessing where the gaps in coverage falls to identify pitfalls RATING AGENCY PERSPECTIVE • Outlining expectations for insurers to provide their own view and consequences for wind claims of their catastrophe exposures and justify decisions based 5.20 Addressing Ratings Agencies Views On The Challenge Of on model results • Understanding changes in the National Flood Program in Unpredictability In Weather, The Changing Approach To Natural terms of what is actually covered and how this should be Catastrophe Risk And Model Reliability Kevin Lee, VP Senior Credit Officer, Moody’s addressed in underwriting for wind policy coverages • How are rating agencies tackling the challenge of Gary Davis, AVP Property / Casualty Division, A. M. Best • Utilizing new technologies and scientific community data unpredictability in weather and subsequent issues with Speaker Representative, Name To Be Confirmed, Standard Poor’s to overcome ambiguity between wind and flood damage models? 5.50 Question Answer Session in storm surge claims - how do you effectively differentiate • Explaining capital requirements: Why are they so high? the exposure? 6.00 Chair’s Day One Closing Remarks 6.10 – 7.10 Networking Drinks In The Exhibition Showcase Area Changes in the financial sector, regulatory environment and economy in general have made thorough understanding of risk for effective risk management a necessity. I am excited to exchange views and learnings with a great panel of speakers and attendees on this complex and challenging topic Prateek Chhabra AVP Corporate Risk Strategy Hanover Insurance Speaker Faculty At Extreme Weather Insurance Risk Management P Kevin Huang, Chief Risk Officer, AIG Americas P Kevin Lee, VP Senior Credit Officer, Moody’s P Joseph Tinetti, EVP Head of Property, Zurich Insurance P Ming Li, Head of Business Development Research, Tokio Marine Tech P Cliff Hope, EVP Chief Property Underwriter, Aspen P Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance P Erik Nikodem, EVP Property Division Executive, Lexington Insurance P Karl Brondell, AVP Claims, State Farm P Lindene Patton, Chief Climate Product Officer, Zurich Insurance P Gary Davis, AVP Property / Casualty Division, A. M. Best P Steve Hunckler, Chief Claims Officer Chief Risk Control Services Officer, State Auto P Linda Conrad, Director of Strategic Business Risk Management, P Edwin Jordan, Chief Underwriting Officer Chief Strategy Officer, Tokio Millennium Re Zurich Insurance P Michael Carr, SVP Excess Surplus Property, Liberty International Underwriters P Robert Zehr, Director Of Enterprise Risk Management, ERIE Insurance P Gary Stephen, SVP, Claims and Risk Management, PURE Insurance P David Treutel, President CEO, Treutel Insurance Agency, and P Bonnie Gill, VP Product Operations, Catastrophe Modeling, Allstate Chair, Flood Insurance Producers National Committee P Victor Sordillo, VP Global Technical Services Manager, Loss Control Services, Chubb Son P Leslie Chapman-Henderson, President CEO, FLASH www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  • 5. Day Two Supporting Improved Decision Making Through Application Of New Technologies, Implementing Effective Mitigation Control Measures And More Thursday January 24, 2013 Accurately Quantifying Hurricanes, Wildfire And Winter Storm 8.50 Chair’s Opening Remarks WILDFIRE RISK • Recognizing and accounting for second and third tier losses EMPLOYING THE BEST TOOLS FOR ANALYZING WILDFIRE RISK in the supply chain – implementing sufficient stress-testing KEYNOTE PANEL: APPLICATION OF NEW TECHNOLOGIES AND EFFECTIVELY PUTTING IN PLACE LOSS CONTROL MEASURES and structures to avoid disputes 9.00 Capitalizing On The Latest Technologies To Significantly • Enabling improved future planning and charging for CBI in Improve Extreme Weather Risk Management Decision Making WILDFIRE RISK ASSESSMENT the short and in the long run: Is it possible to charge enough From Underwriting To Claims Operations 12.20 Understanding The Causes, Potential Severity And premiums to cover the risk? • Employing the best tools as part of risk evaluation process to Frequency Of Wildfire To Support Accurate, Profitable • Exploring development of stand-alone and bespoke CBI further strengthen reliability of models and to compensate Underwriting And Protection Against Large Loss policies to support faster and less complicated payment of for non-existent models • Investigating societal and scientific causes of wildfire and claims • Using satellites for a global preview to better assess distant understanding the impact of climate change on this peril Linda Conrad, Director of Strategic Business Risk Management, Zurich and difficult to reach locations • Understanding wildfire severity and accounting for Insurance • Incorporating satellite based imaging into data sourcing frequencies to underwrite confidently 3.50 Question Answer Session process to improve the accuracy of information and more • Aggregating wildfire risk across the overall portfolio for efficiently locate hydrological hazards in time and space 4.00 Afternoon Refreshments In The Exhibition Showcase Area better capital management and more adequate pricing • Operating remote sense technology to assess condition RISK MITIGATION BEST PRACTICE PANEL • Weighing the opportunity vs. the risk: How strong is the evolving of properties before and after catastrophe to assist the business case for including in client’s coverage vs. excluding? 4.30 Revealing Best Practices In Risk Mitigation Control Measures valuation and claims processes Victor Sordillo, VP Global Technical Services Manager, Loss Control To Reduce Exposure To Catastrophic Weather Events Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance Services, Chubb Son • Adopting hazard-mitigation measures that are 9.30 Question Answer Session 12.50 Question Answer Session commensurate with the risk - dissecting what is at the stake HURRICANE RISK EVALUATION over the next 1, 3 and 5 + years in order to adequately 1.00 Networking Lunch In The Exhibition Showcase Area prepare strategically, practically and financially 9.40 Managing The Changing View Of Hurricane Risk: Assessing CASE STUDY: MANAGING WILDFIRE RISK – MITIGATION The Gap Between Model Predictions And Reality To Fully • Identifying preferred construction types for better protection CONTROL MEASURES Understand Vulnerabilities And Better Prepare For A Major Event against wind and flood damage 2.00 Analyzing Recent Industry Losses From Wildfires And • Defining the best strategic approaches to hurricane risk • Developments implementing and updating building codes Lessons Learned For Improved Management And Mitigation evaluation to ensure all elements of the risk are captured to reflect modern demands as a key solution for overcoming Control Measures risks – how can these be further encouraged and enforced? • Scrutinizing existing hurricane models: addressing recent • Comparing modeled results with actual losses to assess changes and highlighted vulnerabilities to identify solutions • Insights into testing of how building codes and materials wildfire modeling tools efficacy – drawing on experiences for risk mitigation hold up under extreme duress from significant losses in 2011-2012 • Allowing for the unreliability and potential deficiencies within • Making recommendations to clients in terms of less risk- • How can wildfire models be improved to help manage and models to better manage the gaps between the model prone locations, building safety requirements and in-house mitigate against losses? projections and reality precautions to lessen risk exposure • Addressing various preventative measures, such as • Considerations for taking a more proactive approach to • Mitigating loss burdens by providing comprehensive educating consumers about fire lines and fire prevention to hurricane pricing - industry views on how best to respond to information and offering specific prevention incentives for mitigate the wildfire risk predictions for active or inactive seasons reducing the vulnerability of buildings and infrastructure • Assessing relationships between type of structures and • Accounting for short-term, midterm and long-term • Assessing the key elements adding to increased losses in resulting losses evaluations for hurricane risk – is the severity likely to recent wind and flood-related claims to effectively match the increase or have we experienced single point events? • Cost-benefit analysis of mitigation control measures to highest cost benefit mitigation measures prevent fire from spreading further: Sending private fire- Kevin Huang, Chief Risk Officer, AIG Americas • Highlighting and comparing developments in Emergency fighters, moving flammable materials away from insured Management Systems across municipalities – what can be 10.10 Question Answer Session houses, wetting houses with fire retardant mixture learned at this level to reduce losses? REINSURANCE PERSPECTIVE Gary Stephen, SVP Claims Risk Management, PURE Insurance Leslie Chapman-Henderson, President CEO, FLASH 10.20 Development Of Reinsurance Structures To Alleviate 2.30 Question Answer Session 5.10 Question Answer Session Uncertainty And Volatility In Weather Patterns And Models WINTER STORM END OF CONFERENCE ROUND UP AND DISCUSSION • Reviewing changes in the reinsurance market driven 2.40 Assessing Frequency, Impact And Management Of Winter 5.20 Summarizing Takeaway Solutions And Learnings To by changes in catastrophe models - mapping shifts in Storm To Better Understand The Overall Portfolio Risk Delineate The Best Future Approaches Towards Extreme Weather reinsurance decision making Risk Management • Evaluating science predictions on US winter storm trends to • Evaluating how changes in model outputs have prompted changes have better expectations of what is yet to come • Reviewing the best tools, techniques and methodologies in reinsurance costs, particularly in the coast states of the gulf for progressing understanding and management of non- • Assessing gaps in winter storm model and aggregate • Addressing reinsurance perspectives on quantifying risk modeled or less precisely modeled events monitoring to find best ways of modeling winter storms for to better understand the results they get and whether the accurate loss estimation • Comparing conclusions for enabling robust risk management variability is fully accounted for to prevent over-reliability on models • Gaining insight into winter storm intersection with floods • Mapping reinsurance strategic visions for managing future and thunderstorms to better handle claims • Outlining key takeaways for effectively mitigating against extreme weather events losses in an environment of unpredictability • Reviewing the impact of US winter storm and analyzing Edwin Jordan, Chief Underwriting Officer Chief Strategy Officer, Tokio cumulative losses: What strategic actions to take now - 5.35 Chair’s Closing Remarks Millennium Re minimizing risk vs. maximizing the revenue 5.40 End Of Congress 10.50 Extended Question Answer Discussion • Exploring opportunities to capitalize on insuring contingent 11.10 Morning Refreshment In The Exhibition Showcase Area business interruption – is it worth it? MODELING COMMUNITY VIEWS 3.10 Question Answer Session 11.40 Outlining Modeling Community Views And Future Plans CONTINGENT BUSINESS INTERRUPTION On Improving Models To Better Accommodate Weather Volatility 3.20 Tackling The Underestimation Of Business Contingent And Provide Solutions For Non-Modeled Peril Quantification Exposure As A Major Contributor To Insured And Economic • Addressing model limitations and vulnerabilities – what actions modeling agencies have taken to improve these areas? Losses: Analyzing Available Methods Of Quantification And Their Effectiveness SAVE $400 • Learning what is on the horizon: Improvements and changes • Quantifying Contingent Business Interruption (CBI): Can this modeling companies are planning to make and how to risk be quantified – or is it just a hidden liability? Register by prepare for them • Providing information on available resources for managing • Evaluating the current approaches and difficulties in managing CBI to understand how sound they are and what November 9 non-modeled perils to help underwriters better understand and measure their exposure improvements could be made 2012 • Improving ability and underwriting expertise for how to rate • Advising on quantifying risk and adjusting price for non- and properly reserve business interruption from a contingent modeled perils point of view through development of bespoke actuarial tools 12.10 Question Answer Session www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  • 6. Sponsorship Opportunities Achieving Your Business Objectives Who Will You Meet? At The Extreme Weather Insurance Risk Management Congress 2013: Extreme Weather Insurance Risk Management Congress 2013 offers a unique platform for you to deliver your message, raise awareness and Attendees By Organization Type: network with industry leaders working on improving the accuracy of g 40% Insurers evaluating and improving the management of non-modeled perils and g 25% Reinsurers and Brokers less well understood exposures. g 25% Consultants and Solutions Providers P Demonstrate Thought Leadership g 10% Research Institutes, Regulators, Ratings Agencies Improving quantification of non-modeled extreme weather events and developing an individual view of risk is a growing area of technological development and investment. You may be pioneering these advances, but do your customers know what differentiates you from your competitors? Use targeted, editorially reviewed keynotes and case studies to demonstrate thought leadership to your target audience. P Raise Brand Awareness And Increase Your Profile Any solutions selected by Insurers must be subjected to careful comparative cost-benefit analysis. Of course, senior executives take into account profile, credibility and market leadership when selecting suppliers to support their risk management strategies and processes. Your organization must be at the forefront when these decisions are made. Cement your leadership position with targeted branding and profiling campaigns directed at the leading insurers as they search for solutions to more accurately quantify and better manage insurance of extreme weather events. P Meet And Network With Decision Makers Thought leadership, branding and profiling are converted into contracts through extensive face-to-face relationship building. As a dedicated event to extreme weather insurance risk management, this intimate forum enables you to meet specific job titles in one place at one time, giving you the best possible chance of influencing key decision makers. To secure your booth or discuss tailor-made sponsorship packages, contact: Venue Information: Steve Thomas Crowne Plaza Hotel Times Square (1) 800 721 3915 or email 1605 Broadway, New York, steve@american-business-conferences.com NY 10019 USA www.crowneplaza.com www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com
  • 7. Yes P I would like to register the delegate(s) below for the 2 day conference Extreme Weather Insurance Risk Management Congress DETAILS PLEASE USE CAPITALS - Photocopy for multiple delegates Delegate 1 * Mr * Miss * Ms * Mrs * Dr * Other Name Position Delegate 2 * Mr * Miss * Ms * Mrs * Dr * Other Name Position Organization Address Country Zip/Postal Code Telephone Fax Email Signature DELEGATE RATES We have group discounts so you can involve your whole organization or team DELEGATE FEES (Guests are responsible for their own travel and accommodation arrangements) Super Early Booking Discount Early Booking Discount Standard Rate Book and pay before November 9, 2012 Book and pay before December 7, 2012 From December 7, 2012 2 Day Conference Plus Conference Audio Proceedings * US $1698 (Save $400) * US $1898 (Save $200) * US $2098 2 Day Conference * US $1399 (Save $400) * US $1599 (Save $200) * US $1799 I would like to order the presentations on CD, including audio files * $499 US PAYMENT Please tick appropriate boxes and complete details Payment must be received in full prior to the event. * Check I enclose a check in US Dollars payable to London Business Conferences for $ * Payment by Wire Transfer A copy of the bank transfer document should be attached to your registration form so appropriate allocation of funds can be made to your registration. Bank Name: Barclays Bank Account Name: London Business Conferences Account Number: 42331166 SWIFTBIC: BARCGB22 IBAN: GB59BARC20982142331166 EIN: 98-051 4924 Please charge my * Visa * American Express * Mastercard Amount $ Expiry date Card number Security Code / CVV (required) Name on card Signature of card holder Terms and Conditions colleague to take your place. write to the Head of Marketing, The conference is being organized by American Business Conferences, American Business Conferences reserves the right to alter or cancel American Business Conferences at the address below if you specifically do HOW TO REGISTER a division of London Business thespeakers or program. Receipt of not want to receive this information. Conferences Ltd, a limited liability thibooking form, inclusive or exclusive American Business Conferences, City Please Return Your Completed Registration Form To Our Customer Service Team company formed under English of payment constitutes formal Centre One 800 Town Country Blvd company law and registered in the UK agreement to attend and acceptance Suite 300, Houston, TX, 77024, USA Call (1) 800 721 3915 no. 5090859. of the terms and conditions stated. American Business Conferences Cancellations received one calendar *If you are claiming the early booking will not accept liability for any month (or the previous working day discount this may not be used in individual transport delays and in Fax (1) 800 714 1359 whichever is the earliest) before the conjunction with other discounts such circumstances the normal event will be eligible for a refund less advertised elsewhere. cancellation restrictions apply. Email info@american-business-conferences.com $150 administration fee. Cancellations We would like to keep you informed American Business Conferences must be made in writing. After that of other American Business is a Division of London Business Online www.extreme-weather-risk-management.com point no refund can be made. If you Conferences products and services. Conferences Limited, Registered are unable to attend, no refund can This will be carried out in accordance in England No. 5090859 EIN. no: be given but you may nominate a with the Data Protection Act. Please 98-0514924 Address City Centre One 800 Town Country Blvd Suite 300, Houston, TX, 77024, USA www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com