Key objectives:
- develop the Profession’s position on UK flooding – including but not limited to insurance matters (this would cover affordability, availability and related matters such as resilience and planning)
- produce reference material for UK actuaries when considering flood in pricing, capital modelling, reserving or related areas such as:
- Relevant factors to consider when selecting and using a model
- Variety in flood events
- Considering climate change
- build on the body of previous work to improve the understanding of flood risk amongst the industry, government and public including:
- producing a GIRO paper (2015) (and digestible summary) to raise awareness amongst the profession of flood related issues
- making our findings available to the wider insurance community and to inform debate, via participation in third party events
- press releases in coordination with other relevant working parties and sub-committees
- gather data and opinions from the industry to inform the above
- work with industry bodies to report on market developments (availability and affordability of flood insurance) following the expected launch of Flood Re in mid 2015.
Outputs:
2019
Technical Issues in General Insurance (TIGI) 2019: G1: Pricing Workshop - Flood Working Party
2018
GIRO Workshop E: How will we Achieve Affordable Risk-Reflective Pricing?
2017
GIRO 2017 Workshop D1: Flood Re One Year On, Are We Doing Enough?
2016
GIRO 2016 Workshop A7: Flood Re and the Future of Flood Insurance
2015
- GIRO 2015: Flooding - Working Party update
- Update from the Flood Working Party (CIGI, 2015)
- Pricing 2015
| Chair | Laura Evans |
|---|---|
| Membership | 14 |
| Established | 2014 |
Related documents
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Guidance for Member-Led Research Working Parties
9 November 2017
Contact Details
If you want more information about this research working party please contact the Communities Team.
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