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Recent Catastrophe Risk Trends Presentation by  Claude Penland, Associate of the Casualty Actuarial Society
Trends We’ll Cover <ul><li>Government </li></ul><ul><li>Investment  </li></ul><ul><li>Insurance Linked Securities Issuance...
Governments looking at Catastrophe Risk <ul><li>Brazil creates Cat Fund  http://bit.ly/aFFSlj   </li></ul><ul><li>India ma...
Governments, continued <ul><li>NY cat pool thoughts  http://bit.ly/aIOGO5   </li></ul><ul><li>CA tsunami risk  http://bit....
Catastrophe Risk as an Investment Vehicle <ul><li>Cayman Islands leading issuer  http://bit.ly/bWdr3C   </li></ul><ul><li>...
What should be considered  when issuing ILS? <ul><li>Identify risk concentrations </li></ul><ul><li>Quantify the loss  </l...
New Cat Risk Underwriters <ul><li>Liberty Syndicates  http://bit.ly/aA5Fjm </li></ul><ul><li>Indian Weather Risk Managemen...
Catastrophe Risk considered in Solvency II regulations <ul><li>Solv II expects insurers to be prepared for a $50 Billion c...
New Cat Partnerships <ul><li>Institute of Cat Risk Mgmt, Nanyang Tech in Singapore and Aon Benfield have a research partne...
New or Updated Models <ul><li>Latin American Flood  http://bit. ly /92PpLU   </li></ul><ul><li>Asian Risk Model  http://bi...
Additional Catastrophe Risk Background <ul><li>An introduction to Volcanoes and Earthquakes  http://bit.ly/gOAlDF </li></u...
Final Thoughts <ul><li>US Government could hurt the ILS market with calls for increased regulation and documentation  http...
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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.

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Transcript of "Catastrophe Risk Presentation by Claude Penland, Actuary"

  1. 1. Recent Catastrophe Risk Trends Presentation by Claude Penland, Associate of the Casualty Actuarial Society
  2. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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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