IUA Circular 094/21

IUA Welcome:  ISCM - International Society of Catastrophe Managers and guest speakers 

Climate Data Analytics in the Catastrophe World

with Dr Tom Philp, Founder, Maximum Information and Dr Oliver Wing, Chief Research Officer, Fathom

Moderated by ISCM Representative:  Kelly Hereid, Ph.D. Director, Catastrophe R&D, Corporate Enterprise Risk Management, Liberty Mutual Insurance

Event introduction by Madeleine Fox, Legal Services Executive, IUA  and Secretary of IUA Climate Risk Committee


Event Date:  Thursday 18 November  2021

Time:  2pm/14:00hrs  (UK/London time) for approx 1 hour
Check your time zone here

Subject:  This market briefing will incorporate climate risk into the field of catastrophe modeling, include an introduction to climate vs. catastrophe vs. weather models and conclude with Q&A.

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

 Thank you for your interest in this Market Briefing and please see the presentation below:

Click here  to view the presentation.

Please note that any recording of this event will be available post-event in DropBox format, subject to speaker authorisation.

Regulators, investors, and clients have expressed a renewed attention in recent years to incorporating a view of climate change into the risks taken on by insurers.  A huge new ecosystem of climate data analytics providers have sprung up to fill this need.  But how to tell when these new tools can provide value to catastrophe modelers and underwriters? 
 
This IUA market briefing welcomes the ISCM  and their guest speakers who will discuss the differences between climate, weather, and catastrophe models, and how to best leverage each to incorporate climate risk into our views of extreme events.

Our Speakers:

Dr Tom Philp
founded Maximum Information in October 2020, a venture that is building catastrophe risk analytics to create a more climate-resilient society.

Tom previously held the position of Senior Manager in AXA XL’s Science function. He sits on a number of insurance industry advisory/steering groups, including the IUA’s Climate Risk Group. He has a PhD in Meteorology from the University of Reading. He was the Insurance Sector Champion for the Sector Engagement Project of the EU’s Copernicus Climate Change Service between 2015-2017, and regularly speaks at industry and academic events on issues of climate risk and climate change.

He is currently a Research Associate of the Philosophy Department at the London School of Economics. In the past, he has been a Visiting Researcher at the University of Miami/NOAA’s Hurricane Research Division.

Dr Oliver Wing is the Chief Research Officer at Fathom, a UK flood risk modelling firm. His role centres on the preservation of Fathom's close ties with academia, ensuring their modelling techniques are research-led, transparent, and peer reviewed.

Oliver obtained his PhD in Geography at the University of Bristol, and continued in the Hydrology Research Group as a postdoctoral researcher. He remains an Honorary Research Fellow there, focusing on the development of new approaches to test, improve, and apply large-scale flood models. He continues to publish and review papers in the world's leading hydrology journals, and speaks regularly on issues related to flooding and climate change at academic conferences, industry events, and in the media.

Dr Kelly Hereid is the chair of the ISCM Education committee and Director of Catastrophe R&D at Liberty Mutual. A climate scientist by training, she has a Ph.D. in Geological Sciences from the University of Texas at Austin and a BA in geology and biology from Carleton College in Minnesota.

ISCM:  The International Society of Catastrophe Managers was established in March of 2006  "To promote catastrophe management professionalism within the insurance industry"

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.
 
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.