- To explain in layman’s (or actuarial) terms the science behind hurricane formation and impact (shortest part)
- To understand the history of hurricanes and how they have shaped the landscape of (re)insurance markets through a series of case studies
- Discuss the current state of the market, conditions affecting market response and looking to influence how markets react post-event or after a run of clean years
- Produce a paper outlining a) the basic science behind hurricanes and their drivers (including seasonal and multi-annual impacts), b) case studies on major hurricane years including loss estimation and how the market responded and c) an actuarial perspective on how well the market is responding to these events
The 'A Study of Major Hurricanes and Subsequent Market Response' Working Party invites you to complete a survey to help them build an understanding of US hurricanes and the historical market response. Further details can be found here.
Hurricane Clustering in the North Atlantic: A Discussion
Thursday, November 29 from 3 – 5pm
Followed by Networking Reception
An ISCM/IFoA Event Hosted by Lloyd’s
The 2017 and 2018 hurricane seasons have again focussed the attention of the catastrophe risk management and insurance community on the topic of hurricane clustering in the North Atlantic. Have the most recent hurricane seasons caused us to update our view of clustering as a meteorological occurrence, and if so, in what ways?
Please join us in the Lloyd’s Library on Thursday, November 29, for a presentation and panel discussion by leading industry experts from AIR, Corelogic and RMS, researchers from Bank of England, and SCOR on this important topic. During the two-hour session, we will hear the latest research and views on the existence of clustering and its interannual variability, the relevance of climate change, its impact on aggregate industry losses, and the extent to which clustering could and/or should be included in modelled views of risk.
The discussion will be followed by a drinks reception at One Under Lime.
Register your interest for the event
We look forward to seeing you in November.
- 9 November 2017
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If you want more information about this research working party please contact the Communities Team.
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This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
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