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Hurricanes

Hurricanes, Earthquakes, Wind, Rain, Catastrophe Risk Trends in reinsurance, insurance and finance.

Actuary
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Hurricanes

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  1. Recent Catastrophe Risk Trends Presentation by Claude Penland, Associate of the Casualty Actuarial Society www.ClaudePenland.com

  2. Trends We’ll Cover • Government • Investment • Insurance Linked Securities Issuance • Regulation • Partnerships • New and Updated Models • Wrap Up

  3. Governments looking at Catastrophe Risk • Brazil creates Cat Fund http://bit.ly/aFFSlj • India may be considering catastrophe bonds http://bit.ly/hNeDZn • Ethiopia installing more weather stations http://bit.ly/aZ0tts • China http://bit.ly/bWMpdF • Crop insurance in China http://bit.ly/9sLxIG • Public Sector Catastrophe Risk Management http://bit.ly/dF8WgV

  4. Governments, continued • NY cat pool thoughts http://bit.ly/aIOGO5 • CA tsunami risk http://bit.ly/bnxFG7 • CA gas line risk http://bit.ly/9uvlVb • Mozambique weather risk mgmt http://bit.ly/b2oF6h • Asia underinsured for cat risk http://bit.ly/acfatP

  5. Catastrophe Risk as an Investment Vehicle • Cayman Islands leading issuer http://bit.ly/bWdr3C • Atropos has a new European ILS Fund http://bit.ly/fnY5cc • Catco Investment Mgmt formed http://bit.ly/aq5mbH • Horton Point ILS Fund http://bit.ly/9oLT0z • Secquaero Advisors, ILS inv mgr, enters Australia http://bit.ly/9dh535 • Cat Finance emerging discipline http://bit.ly/eM9W7E • Hurricane Land Risk Options http://bit.ly/9at9i2 • Growing in Middle East http://bit.ly/9WgHFR • May grow in Canada http://bit.ly/aN5ikA • Growing Worldwide http://bit.ly/bnX8jk • Mere thunderstorms now considered in cat bonds http://bit.ly/cia9du

  6. What should be considered when issuing ILS? • Identify risk concentrations • Quantify the loss • Design structure • Engage a placement agent or investment banker • Engage a risk modeling firm • Decide on loss denomination • Choose investment vehicle location • Review • Execute http://bit.ly/9xpJva

  7. New Cat Risk Underwriters • Liberty Syndicates http://bit.ly/aA5Fjm • Indian Weather Risk Management market expected to rapidly grow http://bit.ly/dnmGDN

  8. Catastrophe Risk considered in Solvency II regulations • Solv II expects insurers to be prepared for a $50 Billion cat http://bit.ly/9UENg2 • Aon Benfield says II doesn’t acknowledge gains in measurement http://bit.ly/9Dbgt3 • Mega Broker says Solvency II could actually be catastrophic for the European insurance industry http://bit.ly/cHHoGz

  9. New Cat Partnerships • Institute of Cat Risk Mgmt, Nanyang Tech in Singapore and Aon Benfield have a research partnership http://bit.ly/aiUxrF • Global Earthquake Model and OpenGEO partnership http://bit.ly/d6Gsuc • Data sharing considered http://bit.ly/akF09x

  10. New or Updated Models • Latin American Flood http://bit.ly/92PpLU • Asian Risk Model http://bit.ly/9uZAAe • Asian Typhoon Model http://bit.ly/9aJPWd • European Cyclone http://bit.ly/ce93PF • European Wind Risk Model http://bit.ly/a8b8Ea • Earthquake hot spots http://bit.ly/bdvhzW • Largest US earthquake simulator planned http://bit.ly/9tKpB1 • UK sea level risk http://bit.ly/dCU4Yx • US pandemic risk http://bit.ly/aRYBJJ • Philippines http://bit.ly/9zxsBP

  11. Additional Catastrophe Risk Background • An introduction to Volcanoes and Earthquakes http://bit.ly/gOAlDF • Academic Weather Risk papers http://bit.ly/eLbR9g • Cat Modeling tech http://bit.ly/br1UOL • Amateur hurricane tracking http://bit.ly/9Ob4P6

  12. Final Thoughts • US Government could hurt the ILS market with calls for increased regulation and documentation http://bit.ly/9wi8Tr • Should you hire an in-house meteorologist? http://bit.ly/cofvM3 • CatRisky.com covers daily catastrophe risk news and trends • Thank you!

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