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Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
Catastrophe Risk Presentation by Claude Penland, Actuary
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Catastrophe Risk Presentation by Claude Penland, Actuary

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Catastrophe risk trends in government, investment, insurance-linked securities issuance, new and updated models, regulation and partnerships are presented. Free to download and share. …

Catastrophe risk trends in government, investment, insurance-linked securities issuance, new and updated models, regulation and partnerships are presented. Free to download and share.

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  • 1. Recent Catastrophe Risk Trends Presentation by Claude Penland, Associate of the Casualty Actuarial Society
  • 2. Trends We’ll Cover <ul><li>Government </li></ul><ul><li>Investment </li></ul><ul><li>Insurance Linked Securities Issuance </li></ul><ul><li>Regulation </li></ul><ul><li>Partnerships </li></ul><ul><li>New and Updated Models </li></ul><ul><li>Wrap Up </li></ul>
  • 3. Governments looking at Catastrophe Risk <ul><li>Brazil creates Cat Fund http://bit.ly/aFFSlj </li></ul><ul><li>India may be considering catastrophe bonds http://bit.ly/hNeDZn </li></ul><ul><li>Ethiopia installing more weather stations http://bit.ly/aZ0tts </li></ul><ul><li>China http://bit. ly / bWMpdF </li></ul><ul><li>Crop insurance in China http://bit.ly/9sLxIG </li></ul><ul><li>Public Sector Catastrophe Risk Management http://bit. ly /dF8WgV </li></ul>
  • 4. Governments, continued <ul><li>NY cat pool thoughts http://bit.ly/aIOGO5 </li></ul><ul><li>CA tsunami risk http://bit.ly/bnxFG7 </li></ul><ul><li>CA gas line risk http://bit.ly/9uvlVb </li></ul><ul><li>Mozambique weather risk mgmt http://bit. ly /b2oF6h </li></ul><ul><li>Asia underinsured for cat risk http://bit. ly / acfatP </li></ul>
  • 5. Catastrophe Risk as an Investment Vehicle <ul><li>Cayman Islands leading issuer http://bit.ly/bWdr3C </li></ul><ul><li>Atropos has a new European ILS Fund http://bit.ly/fnY5cc </li></ul><ul><li>Catco Investment Mgmt formed http://bit.ly/aq5mbH </li></ul><ul><li>Horton Point ILS Fund http://bit.ly/9oLT0z </li></ul><ul><li>Secquaero Advisors, ILS inv mgr, enters Australia http://bit.ly/9dh535 </li></ul><ul><li>Cat Finance emerging discipline http://bit. ly /eM9W7E </li></ul><ul><li>Hurricane Land Risk Options http://bit.ly/9at9i2 </li></ul><ul><li>Growing in Middle East http://bit.ly/9WgHFR </li></ul><ul><li>May grow in Canada http://bit.ly/aN5ikA </li></ul><ul><li>Growing Worldwide http://bit.ly/bnX8jk </li></ul><ul><li>Mere thunderstorms now considered in cat bonds http://bit.ly/cia9du </li></ul>
  • 6. What should be considered when issuing ILS? <ul><li>Identify risk concentrations </li></ul><ul><li>Quantify the loss </li></ul><ul><li>Design structure </li></ul><ul><li>Engage a placement agent or investment banker </li></ul><ul><li>Engage a risk modeling firm </li></ul><ul><li>Decide on loss denomination </li></ul><ul><li>Choose investment vehicle location </li></ul><ul><li>Review </li></ul><ul><li>Execute http://bit.ly/9xpJva </li></ul>
  • 7. New Cat Risk Underwriters <ul><li>Liberty Syndicates http://bit.ly/aA5Fjm </li></ul><ul><li>Indian Weather Risk Management market expected to rapidly grow http://bit.ly/dnmGDN </li></ul>
  • 8. Catastrophe Risk considered in Solvency II regulations <ul><li>Solv II expects insurers to be prepared for a $50 Billion cat http://bit.ly/9UENg2 </li></ul><ul><li>Aon Benfield says II doesn’t acknowledge gains in measurement http://bit.ly/9Dbgt3 </li></ul><ul><li>Mega Broker says Solvency II could actually be catastrophic for the European insurance industry http://bit.ly/cHHoGz </li></ul>
  • 9. New Cat Partnerships <ul><li>Institute of Cat Risk Mgmt, Nanyang Tech in Singapore and Aon Benfield have a research partnership http://bit.ly/aiUxrF </li></ul><ul><li>Global Earthquake Model and OpenGEO partnership http://bit.ly/d6Gsuc </li></ul><ul><li>Data sharing considered http://bit. ly /akF09x </li></ul>
  • 10. New or Updated Models <ul><li>Latin American Flood http://bit. ly /92PpLU </li></ul><ul><li>Asian Risk Model http://bit.ly/9uZAAe </li></ul><ul><li>Asian Typhoon Model http://bit.ly/9aJPWd </li></ul><ul><li>European Cyclone http://bit.ly/ce93PF </li></ul><ul><li>European Wind Risk Model http://bit.ly/a8b8Ea </li></ul><ul><li>Earthquake hot spots http://bit.ly/bdvhzW </li></ul><ul><li>Largest US earthquake simulator planned http://bit.ly/9tKpB1 </li></ul><ul><li>UK sea level risk http://bit.ly/dCU4Yx </li></ul><ul><li>US pandemic risk http://bit.ly/aRYBJJ </li></ul><ul><li>Philippines http://bit.ly/9zxsBP </li></ul>
  • 11. Additional Catastrophe Risk Background <ul><li>An introduction to Volcanoes and Earthquakes http://bit.ly/gOAlDF </li></ul><ul><li>Academic Weather Risk papers http://bit.ly/eLbR9g </li></ul><ul><li>Cat Modeling tech http://bit.ly/br1UOL </li></ul><ul><li>Amateur hurricane tracking http://bit. ly /9Ob4P6 </li></ul>
  • 12. Final Thoughts <ul><li>US Government could hurt the ILS market with calls for increased regulation and documentation http://bit.ly/9wi8Tr </li></ul><ul><li>Should you hire an in-house meteorologist? http://bit. ly /cofvM3 </li></ul><ul><li>CatRisky.com covers daily catastrophe risk news and trends </li></ul><ul><li>Thank you! </li></ul>

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