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Tropical Cyclone – Managing Tomorrow’s Climate Risk Today

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Tuesday, November 1, 2022

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12:00am

Recent events have proved the growing impact of climate change on extreme weather, and there is in addition an increased focus at Board level on the environmental element of ESG.

As a result of this, insurers and the wider financial services industry have a greater need than ever to understand the combined risk of floods and hurricanes, and how the intensity of both will change and correlate in years to come.

We were supported by Reask and Fathom to review the key drivers of change. We heard about how insurers are taking account of this for underwriting and portfolio management and were joined by some of the companies providing climate analytics and data.

Matthew, Robin and Ali were joined on stage by: 

  1. Thomas Loridan, Co-founder and Chief Science Officer, Reask
  2. Jamie Rodney, CEO, Reask
  3. Sue Barenbrug, Independent Consultant
  4. Dickie Whitaker, CEO, Oasis Loss Modelling Framework
  5. Paul Wilson, Partner, Securis
  6. David Vicary, Research and Development Manager, Brit
  7. Kris le Sage de Fontenay, Vice President, Insurance Leader UK, Capgemini
  8. Ollie Wing, Chief Research Officer, Fathom
  9. Andy Smith, Co-founder and Chief Operating Officer, Fathom
  10. Robert Porter, Product Director, Vave

Tropical Cyclone - Managing Tomorrow's Climate Risk Today

Continuing Professional Development – Learning Objectives

InsTech is accredited by The Chartered Insurance Institute (CII). By attending an InsTech Evening event, you can claim up to 1.5 CPD hours towards your CPD scheme.

Let us know you attended the event by emailing [email protected] and if your organisation is a member of InsTech, you will receive a quarterly summary of the CPD hours you have earned.

The Learning Objectives for this event were:

  • Summarise why there is a growing need for the insurance industry to understand the risks associated with flooding and hurricanes
  • Explain how insurers are taking some climate risks into account when it comes to underwriting and portfolio management
  • Identify some of the different types of data and analytics that can be used for managing exposure to climate risks

Please take a minute to fill in this short CPD feedback form and let us know what you thought of this event.