Refine Risk Assessment in Light of Climate Change for Profitable Underwriting
Find out how to boost climate expertise in your organization and inject dynamic weather data into your risk assessment framework.
In the one-hour webinar, you’ll hear unique insights from:
Kieran Bhatia, VP, Climate Change Perils Advisory, Guy Carpenter
Jonathan Charak, VP, Emerging Solutions Director, Zurich
Bob Dreisewerd, President & CEO, Baron Weather
Daniel Tatro, Solution Architect, Insurance Practice, Precisely
You’ll discover how to:
Embed ongoing climate risk assessment, expertise, and mitigation efforts across underwriting, pricing, reserving, investing, and product development to make more profitable decisions
Augment your underwriting models with big data/social media information and predictive analytics to broaden risk assessment considerations and overcome a lack of historical data in light of climate change
Exploit precise location data to pinpoint areas that are most at risk, taking into accounts factors such as elevation, wildfire risk, distance from services/coastlines etc., and combine with existing policy data to inform profitable decision-making
Leverage new sources of weather data to improve risk assessment and pricing for climate change-related exposures, tackle accumulation risk and guard against portfolio volatility with advanced data visualization tools
Collaborate with policyholders, regulators, and the wider insurance industry to mitigate climate risk exposure and fortify properties against severe weather events, utilizing usage-based insurance, financial incentives, and granular data sources
Examine the impact climate change will have on re/insurance capacity for property, and ensure the availability and affordability of insurance products for the long term in the face of increasing premiums. Are changes to contracts, terms and conditions inevitable?