Catastrophe Risk Presentation by Claude Penland, Actuary

Recent Catastrophe Risk Trends Presentation by Claude Penland, Associate of the Casualty Actuarial Society

Trends We’ll Cover
Government
Investment
Insurance Linked Securities Issuance
Regulation
Partnerships
New and Updated Models
Wrap Up

Governments looking at Catastrophe Risk
Brazil creates Cat Fund http://bit.ly/aFFSlj
India may be considering catastrophe bonds http://bit.ly/hNeDZn
Ethiopia installing more weather stations http://bit.ly/aZ0tts
China http://bit. ly / bWMpdF
Crop insurance in China http://bit.ly/9sLxIG
Public Sector Catastrophe Risk Management http://bit. ly /dF8WgV

Governments, continued
NY cat pool thoughts http://bit.ly/aIOGO5
CA tsunami risk http://bit.ly/bnxFG7
CA gas line risk http://bit.ly/9uvlVb
Mozambique weather risk mgmt http://bit. ly /b2oF6h
Asia underinsured for cat risk http://bit. ly / acfatP

Catastrophe Risk as an Investment Vehicle
Cayman Islands leading issuer http://bit.ly/bWdr3C
Atropos has a new European ILS Fund http://bit.ly/fnY5cc
Catco Investment Mgmt formed http://bit.ly/aq5mbH
Horton Point ILS Fund http://bit.ly/9oLT0z
Secquaero Advisors, ILS inv mgr, enters Australia http://bit.ly/9dh535
Cat Finance emerging discipline http://bit. ly /eM9W7E
Hurricane Land Risk Options http://bit.ly/9at9i2
Growing in Middle East http://bit.ly/9WgHFR
May grow in Canada http://bit.ly/aN5ikA
Growing Worldwide http://bit.ly/bnX8jk
Mere thunderstorms now considered in cat bonds http://bit.ly/cia9du

What should be considered when issuing ILS?
Identify risk concentrations
Quantify the loss
Design structure
Engage a placement agent or investment banker
Engage a risk modeling firm
Decide on loss denomination
Choose investment vehicle location
Review
Execute http://bit.ly/9xpJva

New Cat Risk Underwriters
Liberty Syndicates http://bit.ly/aA5Fjm
Indian Weather Risk Management market expected to rapidly grow http://bit.ly/dnmGDN

Catastrophe Risk considered in Solvency II regulations
Solv II expects insurers to be prepared for a $50 Billion cat http://bit.ly/9UENg2
Aon Benfield says II doesn’t acknowledge gains in measurement http://bit.ly/9Dbgt3
Mega Broker says Solvency II could actually be catastrophic for the European insurance industry http://bit.ly/cHHoGz

New Cat Partnerships
Institute of Cat Risk Mgmt, Nanyang Tech in Singapore and Aon Benfield have a research partnership http://bit.ly/aiUxrF
Global Earthquake Model and OpenGEO partnership http://bit.ly/d6Gsuc
Data sharing considered http://bit. ly /akF09x

New or Updated Models
Latin American Flood http://bit. ly /92PpLU
Asian Risk Model http://bit.ly/9uZAAe
Asian Typhoon Model http://bit.ly/9aJPWd
European Cyclone http://bit.ly/ce93PF
European Wind Risk Model http://bit.ly/a8b8Ea
Earthquake hot spots http://bit.ly/bdvhzW
Largest US earthquake simulator planned http://bit.ly/9tKpB1
UK sea level risk http://bit.ly/dCU4Yx
US pandemic risk http://bit.ly/aRYBJJ
Philippines http://bit.ly/9zxsBP

Additional Catastrophe Risk Background
An introduction to Volcanoes and Earthquakes http://bit.ly/gOAlDF
Academic Weather Risk papers http://bit.ly/eLbR9g
Cat Modeling tech http://bit.ly/br1UOL
Amateur hurricane tracking http://bit. ly /9Ob4P6

Final Thoughts
US Government could hurt the ILS market with calls for increased regulation and documentation http://bit.ly/9wi8Tr
Should you hire an in-house meteorologist? http://bit. ly /cofvM3
CatRisky.com covers daily catastrophe risk news and trends
Thank you!

Catastrophe Risk Presentation by Claude Penland, Actuary

by CasualtyActuary on Dec 10, 2010

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Catastrophe Risk Presentation by Claude Penland, Actuary — Presentation Transcript