IUA Circular 041/19

Challenging the flood modelling mindset
How can a revolutionary global flood model improve flood risk management?

with Naomi Booth, Senior Analyst and Dr Kirsty Styles, JBA Risk Management

Introduction by Dickie Whitaker, Chief Executive at Oasis LMF

Event Date:  Tuesday 09 July 2019

Time:  12noon to 1pm

Venue:  ACORD Conference Room, 8th Floor, 1 Minster Court, Mincing Lane, London EC3

Subject:  This market briefing will examine how technological advances can overcome current challenges in flood risk modelling and enable the first revolutionary global flood model.

Contact:  Deborah Finch, IUA Events Manager (020 7617 4451)

This is a free event, but names and email addresses of all attendees are required for registration.  Please click here to register.

Flood is a growing hazard on a global scale. According to JBA estimates, a quarter of the world’s population could be at risk to inland flood by 2020, posing an ever growing threat to re/insurers.

However, despite industry progress since the pivotal 2011 Thai floods, a flood model that allows management of this risk worldwide has been unfeasible. Gaps and inconsistencies in data, inefficient, pre-baked, inflexible models and the sheer complexity involved has prevented truly global probabilistic flood modelling.

This market briefing, we will examine how these challenges can be overcome using advanced technology, which now enables us to revolutionise how we handle flood risk through JBA’s new Global Flood Model. For the first time, users can manage their flood risk on a global scale with maximum control over how the model is run, with greater accessibility through Oasis LMF.

Our Speakers:

Dickie Whitaker has 30 years’ experience in the re/insurance business and for the last 20 years has specialised in risk and innovation. He is chief executive of Oasis Loss Modelling Framework Limited as well as co-founding and providing advisory roles to several other organisations.

Naomi Booth is a Senior Analyst at JBA and uses her background in catastrophe model development and risk analysis to introduce JBA’s services to new and existing re/insurance clients, providing ongoing support to clients to optimise their use of JBA models.

Dr Kirsty Styles has over nine years of experience working within the reinsurance industry. In her previous role as an earthquake risk scientist for Aspen Re, she evaluated and tested earthquake catastrophe models, which she now applies to her role leading JBA’s Global Flood Model development.

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.

For events held in the conference rooms at Balls Bros., Minster Pavement, America Square Conference Centre, Grange Hotel or Baltic Exchange you will not require an entrance pass but we will require a note of your attendance for room capacity and catering requirements.