“There is opportunity. These are not esoteric risks. The future of this business is going to the innovators.” Patrick Ryan, Founder Aon (Sep 2012)
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, the gap in understanding non-modeled perils clearly must be addressed.
In order to sustain the profitability of extreme weather insurance, it will be 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.
What are the ‘new norms’ and how can insurers respond effectively? While writing long-term premiums, is it safe to assume that extreme and moderate years will balance each other out in the course of time? How can insurers provide an innovative response to balance opportunities and risks?
Bringing together over 20 senior insurance representatives, the Extreme Weather Insurance Risk Management Congress will provide in-depth peril-by-peril analysis of non-modeled and less well-understood weather events, to address and solve the challenges of more accurate risk quantification, aggregation and loss management.
Through a business-strategic lens, this uniquely tailored forum will deliver evaluation of tornado-hail, flood, wildfire and winter storm, alongside critical industry analysis on the reliability of current models for hurricanes to support insurers in developing a more individual view of risk, securing a more robust, accurate and sustainable natural catastrophe portfolio.
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
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Telephone Fax
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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