IUA Circular 028/24

Universal Best Practices for Wildfire Risk Underwriting and Mitigation 

 

With guest speakers from Green Shield Risk Solutions:
Gary Raphael, Head of Risk Mitigation Strategy, Paul Brady, Head of Wildfire Insights and Mitigation, Brian Bastian, Head of Product 

 

This market briefing will be: REMOTE ONLY

Time: Session commences at 3.30pm for approx 75 mins (UK/London time)
  
Remote Access:  Please click here .

Subject:  This IUA Market Briefing Training session is designed to enhance a greater understanding of wildfire risk and offer a comprehensive set of best practices and practical risk mitigation strategies for exposed properties.

This is a free event, but names and email addresses of all attendees are required for registration.

Please click here to register

In today's property insurance landscape, underwriting properties exposed to wildfire presents a significant challenge. As the frequency and intensity of wildfires continue to rise, insurers face mounting pressure to accurately assess and mitigate wildfire exposed properties.

At this training session, our guest speakers will highlight the key aspects of wildfire risk underwriting and mitigation. Attendees will gain an insight into critical fire weather, fuels, topography, and mitigation strategies, including NFPA guidelines for structural hardening and vegetation management.

The session will be led by a former wildland firefighter who battled countless wildfires over a 10+ year career in the fire service and will offer practical mitigation strategies. 
Our Speakers:  
Paul Brady (Head of Wildfire Insights and Mitigation) spent 15+ years fighting wildfires within the USFS and private sector. For most of his firefighting years, he was a Hotshot on multiple Interagency Hotshot Crews. During this time, he fought wildfires throughout the western United States. He spent time studying the science behind wildfires, then transitioned to the insurance industry with AIG. Paul served as the loss control subject matter expert on wildfire evaluation and mitigation within the Private Client Group and Commercial lines. He implemented the Commercial Wildfire framework as the first wildfire expert in the AIG Programs Division and led the evaluation of wildfire models.

Gary Raphael (Head of Risk Mitigation Strategy) has more than three decades of hands-on risk mitigation experience, with a particular emphasis on helping high-net-worth families and property owners proactively assess and manage catastrophic risk. His extensive background includes expertise in vulnerability assessment, loss prevention, property valuation, and claims management. As a senior executive at three industry leading insurance carriers, AIG Private Client Group, Fireman’s Fund and ACE Private Risk Services, he established a reputation for implementing high-touch risk management programs and delivering groundbreaking solutions to policyholders. These solutions earned him insurance industry recognition and awards. 

Brian Bastian (Head of Product) has spent over 10 years in the reinsurance space building catastrophe risk evaluation tools, products and services within Guy Carpenter, JLT Re and Perspecta. A meteorologist and systems engineer by education, Brian worked largely in a natural peril advisory and exposure management role advising carriers and MGAs on their catastrophe risk underwriting, claims and portfolio management approaches. 

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. Our market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch. These forms will be issued after each individual event upon request.

Disclaimer: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing. 

Anti-Trust Statement: It is the clear and unequivocal policy of IUA to comply in all respects with all applicable competition or antitrust laws. Consequently, IUA Market Briefing Attendees will not participate in any practice that would have the object or effect of restricting competition, nor will IUA provide a forum to promote anti-competitive conduct. In particular, any discussion or agreement on key commercial terms, such as commercial premiums, is likely in all instances to be unlawful and must be avoided. A competition law ‘Do’s and Don’ts ’ guide is available and the IUA is happy to answer any questions on competition law that attendees may have.