Climate change has the potential to reshape the property insurance market. States and regions that have not been typically viewed as natural catastrophe prone are now facing additional perils, from the increase in floods in Iowa to wildfires in Colorado. This shift is impacting both “acute” risks, such as flood, hurricanes, and wildfires, and “chronic” risks, like rising sea levels, drought and water stress, and periods of extreme heat and cold.
Winners in the insurance industry in the next five to 10 years will be those who are better able to harness climate data to better understand shifting risks. They’ll have the potential to be nimbler and more targeted in their underwriting and risk selection.
Join Insurance Insider, in partnership with S&P Global Market Intelligence, for a free webinar, 10:30 ET/3:30 BST on May 29 as we explore how the insurance industry can better use climate data to manage their property portfolios.
Discussion Questions Include:
--Overview of available climate data and how it is used today
--Where climate change has already impacted risks
--How climate data can help manage aggregate exposures
--How to better incorporate climate data into long-term portfolio planning
--What are the impact of new SEC regulations on product innovation, modeling and data?
Speakers:
Pradeep Venkatesh, Associate Director of ESG Strategy, S&P Global Market Intelligence
Liz Henderson Head of Climate Risk Advisory Aon
Tobias Grimm, Head of Climate Advisory and NatCat Data, Munich Re
Steve Bowen, Chief Science Officer, Gallagher Re
Moderator: Meg Green, Senior Editor, Insurance Insider