Learn how insurers can better manage flood risk by joining an InsuranceERM webinar in partnership with satellite data provider and natural catastrophe solutions specialist, ICEYE, on Thursday 1 September at 3pm BST.
Floods affect more people across the globe than any other natural disaster. Insured losses from floods during July 2021 in Europe, for example, totalled $13bn. Given the increasing frequency and severity of floods worldwide, flood risk has become a key peril for insurers.
In the UK, alone, it has been predicted the cost of severe UK flood events could rise 42% to £5bn ($6bn) by 2050 in an intermediate emissions scenario.
Expert speakers on the panel will include:
Alan Godfrey, exposure management principal at Sompo International
Ben Carr, analytics and capital Modelling Director at Aviva
John Scott, head of sustainability risk at Zurich Insurance Group
Nalan Senol Cabi, AVP, catastrophe model research, Arch Insurance Group;
Stephen Lathrope, global head of insurance, at ICEYE.
The discussion topics during the webinar will include:
- Why flood risk is becoming a top issue for insurers; the growing threat flood presents
- Limitations of the approaches currently used for managing flood risk e.g. reliance on cat models for assessing losses, data gaps
- Technologies available to improve flood risk management
- Closing the data gaps with satellite technology. What it means to have real-time analytics
- Opportunities to develop new flood risk management products e.g. parametrics
The webinar will also be available on-demand for all those who register. To register, click here.