Climate Variability – Understanding Your Changes in Risk for 2021

The longer term impacts of climate change on the frequency and severity of natural disasters such as hurricanes, wildfires and flooding have been considered by insurers for many years. It’s only recently, though, that credible shorter term forecasts and models have become available for pricing and managing insurance exposures. reask has developed a global approach to assessing climate variability, combining physics, climate data and machine learning to complement the baseline view of risk developed by carriers, and the market as a whole. Matthew Grant will be leading a discussion with reask and five industry leaders to explore what is emerging from the latest scientific research, what is available to insurers today, how this is being used by companies and how the regulatory outlook is likely to evolve. Hosted by Matthew Grant the speakers will include: - Nick Hassam, Co-Founder & Chief Commercial Officer, reask - Marcus Rivaldi, Managing Director, Analytics, Twelve Capital (UK) Ltd. - Dr. Jessica Turner, Managing Director, Catastrophe Advisory, Guy Carpenter - Richard Dixon, Head of Catastrophe Research, Inigo Insurance - Dr. Kirsten Mitchell-Wallace, Head of Portfolio Risk Management, Lloyd's - Matthew Jones, Head of Catastrophe Risk Products, Nasdaq Please note that this event takes place at the earlier time of 10.00 am UK time. This event accompanies the recent podcast with reask founders Thomas Loridan and Nick Hassam (https://www.instech.london/podcast/thomas-loridan-nick-hassam-reask-short-term-climate-variability-forecasting-confidence), and Location Intelligence report released on 1 April. The Learning Objectives for this event are: - Learn how newly available climate data and scientific research can be used to better understand and forecast climate variability - Hear from companies combining science and ML to create new models for assessing risk - Explore forecasting options available to insurers and how they are being used in the evolving market