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CATASTROPHE RISK TRENDS AND NEWS .pdf


Original filename: CATASTROPHE RISK TRENDS AND NEWS.pdf
Title: CATASTROPHE RISK TRENDS AND NEWS
Author: Tommy Waits

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

Trends We’ll Cover








Government
Investment
Insurance Linked Securities Issuance
Regulation
Partnerships
New and Updated Models
Wrap Up

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

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

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

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

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

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

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

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

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

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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