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“There is opportunity. These are not esoteric risks. The future of this business is going to the innovators.” Patrick Ryan, Founder Aon (Sep 2012) With wildfire losses reaching an all time high in 2012 and $136 billion of total property value being constantly under high threat, tornadoes causing $26 billion losses in 2011 and severe windstorms causing massive flooding damage, the gap in understanding non-modeled perils clearly must be addressed. In order to sustain the profitability of extreme weather insurance, it will be crucial to find better ways to model and aggregate risk, critically evaluate the best approaches to risk management and understand the science behind the increase in frequency and intensity of weather events.  What are the ‘new norms’ and how can insurers respond effectively? While writing long-term premiums, is it safe to assume that extreme and moderate years will balance each other out in the course of time? How can insurers provide an innovative response to balance opportunities and risks? Bringing together over 20 senior insurance representatives, the Extreme Weather Insurance Risk Management Congress will provide in-depth peril-by-peril analysis of non-modeled and less well-understood weather events, to address and solve the challenges of more accurate risk quantification, aggregation and loss management. Through a business-strategic lens, this uniquely tailored forum will deliver evaluation of tornado-hail, flood, wildfire and winter storm, alongside critical industry analysis on the reliability of current models for hurricanes to support insurers in developing a more individual view of risk, securing a more robust, accurate and sustainable natural catastrophe portfolio. 

transcript

SAVE $400Register by

November 92012

Strategic Analysis & Best Practices For

Quantifying & Managing The Risk Of Non-Modeled Catastrophes & Assessing Solutions For More Accurate Forecasting Of Less Precisely Modeled PerilsEnabling Profitable Insurance Forecasting ForExtreme Weather Events

January 23-24, 2013 | New York, New York, USA

Expert Insights From Over 20 Of The Most Innovative Insurers Including:

Kevin HuangChief Risk OfficerAIG Americas

Steve HuncklerChief Claims Officer & Chief Risk Control Services OfficerState Auto

Erik NikodemEVP & Property Division ExecutiveLexington Insurance

Gary StephenSVP Claims & Risk ManagementPURE Insurance

PSTRATEGIC INDUSTRY OUTLOOK ON EXTREME WEATHER RISK MANAGEMENT: Understanding Shifts In Weather Frequency Patterns And Industry Strategic Approaches To The Changing View Of Risk

PQUANTIFYING NON-MODELED RISK: Finding Solutions For Managing Non-Modeled And Less Precisely Modeled Peril Exposures To Capitalize On Opportunities Whilst Balancing The Risk

PCHANGING VIEW OF HURRICANE RISK: Enabling Improved Accuracy In Hurricane Exposure Assessment, Implementing Effective Strategies To Mitigate Against Unpredictability And Avoiding Over-Reliance On Models

PTORNADO - HAIL: Evaluating Lessons Learned And Benchmarking Methodologies For Developing More Precise Quantification And Aggregation Of Tornado Risk

PFLOOD: Uncovering Innovative Flood Modeling Techniques To Support Improved Risk Analysis And Assessing The Intersection Of Flood Loss With Wind And Precipitation-Related Events To Better Understand Total Exposure

PWILDFIRE: Increasing Understanding Of Wildfire Losses To Decipher Best Practices And Solutions For Mitigating Against Future Losses

PLOSS ANALYSIS & RISK MITIGATION MEASURES: Examining Cost-Benefit Analysis Of Risk Mitigation Control Measures Across Modeled And Non-Modeled Perils To Minimize Future Losses

PEMPLOYING THE LATEST TECHNOLOGIES: Applying The Best Tools Available To Support Risk Evaluation, Underwriting And Claims Processes

Organized by:

www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

Join Strategic Discussions On Key Issues Impacting Insurance Of Extreme Weather Events Including:

Cliff HopeEVP & Chief Property UnderwriterAspen

Edwin JordanChief Underwriting Officer & Chief Strategy OfficerTokio Millennium Re

Karl BrondellAVP ClaimsState Farm

Lindene PattonChief Climate Product OfficerZurich Insurance

Media Partner:

Kevin LeeVP & Senior Credit OfficerMoody’s

TOP 7 REASONS TO ATTEND:

1The only forum providing in-depth peril-by-peril analysis of quantification,

aggregation and loss management of non-modeled and less well understood perils and exposures

2 Hear from 20+ senior insurance experts as they discuss their strategic

approaches to managing volatile extreme weather events for a more sustainable, accurate and profitable risk portfolio

3 Uncover innovative techniques and tools for quantifying the risk of non-

modeled exposures and assess solutions for combating major disruption from model changes

4 Determine the most effective risk mitigation measures for tornado, hail,

flood, wildfire, hurricane and winter storm to ensure you are sufficiently prepared strategically, practically and financially

5 Take the opportunity to benchmark your future strategy and effectively weigh up

opportunities to charge premiums against risk loss estimations

6 Draw on pockets of innovation from across the industry to identify the

best applications of new technologies for risk evaluation, underwriting and claims processes to drive forward improved response

7 Network with industry leaders in this insurance dedicated forum with extended

networking opportunities at the exclusive drinks reception, included in your pass at the end of Day One

Sponsorship And Exhibition Opportunities At The The Extreme Weather Insurance Risk Management Congress 2013

Need to generate new sales leads, engage decision makers, build new future business relationships in this growth market, or simply educate the industry about your new product? Then you need to exhibit at the Extreme Weather Insurance Risk Management Congress 2013. Our busy exhibit area is an integral part of the Congress and is of genuine practical value to delegates, who are looking for new solutions and technologies. Becoming a Sponsor will help you position yourself as a market leader and center of excellence to the key decision makers from across the industry.

See Page 5 For Further Information

Register ByNovember 9, 2012To Make A Saving Of$400 OffStandard Pricing!

Dear Colleague,

Would you like to gain exclusive insights into how to maximize opportunities for insuring extreme weather events, whilst implementing effective loss management and risk mitigation measures?

If so, we invite you to join us at the Extreme Weather Insurance Risk Management

Congress 2013, where you will hear over 20 Senior Risk, Underwriting And Claims Officers’ perspectives from leading and innovative insurance carriers, covering the

primary as well as excess and surplus markets.

With wildfire losses reaching an all time high in 2012 and $136 billion of total

property value being constantly under high threat, tornadoes causing $26 billion losses

in 2011, and severe windstorms causing massive flooding damage, it is imperative that

the gap in understanding non-modeled perils is tackled.

In order to sustain the profitability of extreme weather insurance it will be

crucial to find better ways to model and aggregate risk, critically evaluate the best

approaches to risk management, and understand the science behind the increase in

frequency and intensity of weather events.

Addressing this dynamic challenge, the Extreme Weather Insurance Risk

Management Congress 2013 will provide an in depth peril-by-peril analysis, through a business–strategic lens, to unravel the most effective strategic approaches, best

practices and latest advancements in managing non-modeled and less precisely modeled perils and exposures.

This is a key opportunity not only to understand how to best prevent continued erosion of capital, but also to discover innovative ways to meet increasing market demand for tornado, hail, flood, winterstorm, wildfire and, of course, hurricane

coverages for inland and coastal areas.

This must-attend event, designed according to industry needs, will help you tap

into the future direction of extreme weather insurance, assess tools for developing a

more individual view of risk and subsequently, employ a more robust, accurate and sustainable natural catastrophe portfolio.

Please take a look at the enclosed agenda and visit:

www.extreme-weather-risk-management.com

for the fastest way to register.

I look forward to meeting you early next year in New York.

Kind regards,

Marija Cepulyte

Conference Director

www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

January 23-24, 2013New York | USA

We all want accurate risk quantification, aggregation and loss management. Improvements

will be achieved by learning from each other. I’m looking forward to sharing and learning.

Ed Jordan Chief Underwriting Officer and

Chief Strategy Officer Tokio Millennium Re Ltd.

8.50 Chair’s Opening Remarks

Kevin Huang, Chief Risk Officer, AIG Americas

OPENING KEYNOTE PANEL: WEATHER TRENDS AND INDUSTRY STRATEGIC RESPONSES

9.00 Understanding Shifts In Weather Frequency Patterns And The Best Approaches For Interpreting This Into A Sustainable, Accurate And Profitable Risk Portfolio: Assessing The New Norms And Industry Strategic Responses• Investigating the science behind changing weather patterns

and frequencies - why is this happening?

•Measuring potential severity and outcomes of future extreme weather events - was 2011 a one off or a sign of things to come? What exactly are the ‘new norms’?

• Examining cat model vulnerability - how can this be managed to really address the type of weather experiences that we are currently experiencing

• Combating major disruption from model changes – benchmarking industry responses and best practices approaches for quantification of risk

•Understanding consumer responses and purchasing behavior before and after extreme weather events –measuring shifts in insurance demand

• Exploring what action can be taken today to account for the volatility of extreme weather events rather than reacting to model changes - how can insurers make strategic plans based on weather forecasts? Is everything insurable for the right price?

• Cultivating a long-term view of risk: Should the industry anticipate, price for and reserve for the worst-case scenario to be able to take on the additional risk that exists today?

Joseph Tinetti, EVP & Head of Property, Zurich InsuranceLindene Patton, Chief Climate Product Officer, Zurich InsuranceBonnie Gill, VP Product Operations, Catastrophe Modeling, AllstateCliff Hope, EVP & Chief Property Underwriter, Aspen

10.00 Question & Answer SessionMANAGEMENT OF NON-MODELED PERILS

10.20 Effectively Managing Non-Modeled Risk: Capturing and Utilizing Information For Improved Quantification Of Risk, Measurement Of Exposure And Overall Better Decision Making Capability• Exploring strategic responses within the industry to quantifying

the risk of non-modeled catastrophes• Recognizing the challenges, exposures and risks specific to

particular non-modeled perils: Where do the most feasible opportunities lie?

• Investigating best practices for viewing and managing these types of risks to improve loss prediction

• Adjusting for non-modeled perils and charging appropriate rates for risk

• Assessing ways of transforming non-modeled catastrophes into modeled ones

•What kinds of resources are currently available for non-modeled risk measurement?

• Employing the best tools to allow underwriters to better measure what their exposure is – analysis on current techniques, tools and methodologies pros and cons

Prateek Chhabra, AVP Corporate Risk Strategy, Hanover InsuranceRobert Zehr, Director of Enterprise Risk Management, Erie Insurance

11.00 Question & Answer Session11.10 Morning Refreshments In The Exhibition Showcase Area

TORNADO-HAIL ADDRESSING TORNADO-HAIL RISK FROM MODELING,

UNDERWRITING AND CLAIMS PERSPECTIVES: ACHIEVING MORE ACCURATE EVALUATIONS AND IMPROVED UNDERSTANDING OF

AGGREGATION TO MITIGATE LOSS

QUANTIFYING TORNADO-HAIL RISK11.30 Developing More Precise Application Of Modeling For Tornado-Hail To Allow Better Quantification Of Risk And More Specific Assessments For Underwriting• Are large tornadoes on the upside temporarily, or do we just

observe more of them? Is this the new trend?

• Anticipating the unpredictable – advances in understanding where and how tornadoes are going to provide a better view of the risk

• Assessing solutions for achieving more precise application of tornado models – how can they be made more effective?

• Bringing the right information and data to the underwriting - how can we adequately capture and measure this risk and challenge so far?

• Building the appropriate amount of loading to price for the risk

• Improving assessment of tornado-hail frequency patterns and incorporating into decision making

Erik Nikodem, EVP & Property Division Executive, Lexington Insurance

12.10 Question & Answer SessionAGGREGATION OF TORNADO RISK

12.20 Investigating Tornado-Hail Aggregation Of Risk To Improve Understanding Of Total Exposure: Establishing Sustainable And Profitable Tornado-Hail Insurance• Assessing how multiple tornado events aggregate in a

portfolio as a key tool for better understanding exposures to mitigate against major loss

•How does the calculated aggregates impact losses and decisions on what and where to write?

• Insights into experiences on how these losses aggregate geographically and over time

• Best practice techniques and methodologies for classifying one event from another

• Considerations for establishing viable tornado-hail insurance and maximizing this revenue stream - can this be a profitable business?

Michael Carr, SVP Excess & Surplus Property, Liberty International Underwriters

12.50 Question & Answer Session1.00 Networking Lunch In The Exhibition Showcase Area

US CONVECTIVE STORM LESSONS LEARNED

2.00 Lessons Learned From Recent Tornado, Convective Storm Events Across The US: Assessing Organizational Impacts, Losses And Reflecting On The Upsurge In Frequency And Intensity Of This Peril To Mitigate Future RisksPerspective A

•Debating whether 2011 and 2012 tornado hail activity in the US is a sign of things to come. Is this the new norm?

• Comparing different approaches and options for managing the increased severity and frequency in tornados:- Diversifying geographically to moderate exposure to the

most high-risk locations- Tightening underwriting standards- Increasing premiums

• Addressing the critical component of accurate valuations to prevent future underinsuring – analysis on lessons learned in recent claims

• Reflecting on industry losses from Joplin and subsequent convective storms – what has been learnt in terms of projected versus actual losses that could improve future evaluation and modeling interpretation of risk?

Steve Hunckler, Chief Claims Officer and Chief Risk Control Services Officer, State Auto Insurance

Perspective B• Reflecting on industry losses from Joplin and Alabama and

subsequent convective storms• Assessing organizational impact of losses and reflecting on

the upsurge in frequency and intensity of this peril•Discussing approaches and options for managing the

increased challenges of the severity and frequency of weather events

• Balancing the response to large events efficiently and cost effectively

• Evaluating the magnitude of recent weather events in order to respond more effectively to future catastrophes

• Lessons learned in ensuring availability of adequate resources in responding to multiple weather events: Experienced claims adjusters, hard commodities etc.

Karl Brondell, AVP Claims, State Farm

2.40 Shared Question & Answer Session

Translating Weather Trends Into An Effective Extreme Weather Risk Management Strategy Through Assessment Of The Most Innovative Tools, Techniques And Methodologies For Quantifying And Managing Non-Modeled Perils

www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

Day One Wednesday January 23, 2013

FLOOD RISK UNCOVERING GROUNDBREAKING TECHNOLOGIES, TOOLS AND

METHODOLOGIES IN FLOOD MANAGEMENT TO MAKE MORE ACCURATE AND PROFITABLE INSURANCE FORECASTS

FLOOD MODELING TECHNOLOGIES & METHODOLOGIESA: US Flood Quantification2.50 Developing Innovative Ways Of Modeling Flood To Enable Improved Measurement Of Risk: Unlocking Opportunities For Insuring US Coastal, River And Winter-Storm Related Flood• Understanding models and technologies that are available to

assess risk without having to build models internally - what is available in the market to provide a more realistic view of the risk?

• Exploring the potential outcomes of less frequent more severe flooding events to understand how much is at risk – coastal, river and precipitation-related

•Uncovering the latest, best and most economical technology to determine flood loss and effectively underwrite it

• Examining meteorological and geological influences to determine what regions are going to become most prone to major flooding - supporting commercially sound selection of risk

•Highlighting methodologies outside of aggregation and modeling that can be utilized to manage flood risk more effectively

• Capitalizing on digital elevation models and hydrological models to analyze risk on a probabilistic and deterministic level

• Improving understanding of flood exposures and loss potential - advantages and limitations of assessment by State and regional distribution: How do you manage the exposure? How can base controls be identified?

• Evaluating the risk of river flood and flood from precipitation as part of a robust flood risk management strategy

• Exploring the potential for incorporating remote sensing technology and satellite imagery to support more accurate quantification of flood risk

Cliff Hope, EVP & Chief Property Underwriter, Aspen

3.20 Question & Answer SessionB: Calculating Flood Risk On A World Wide Basis3.30 Evaluating International Flood Risk To Better Understand Exposures Across The Overall Portfolio And Capitalize On Opportunities In Emerging Markets•Deciphering the impact of changing weather patterns on

global flood loss. How can the substantial data gaps be filled?

• Keeping up with topographic changes around the world to determine which new areas are flood exposed to support accurate underwriting

• Applying weather risk technologies in international markets – what are the best ways to measure risk in areas where no flood maps are available?

• Addressing concerns with data quality in emerging markets: Best practices for effectively capturing this information to increase the degree of accuracy in evaluations

• Thailand 2011: Analyzing difficulties in assessing losses to understand how they could be prevented in the future, and how these lessons can be transferred to other developing commercial markets?

Ming Li, Head of Business Development and Research, Tokio Marine Tech LLC

4.00 Question & Answer Session4.10 Afternoon Refreshments In The Exhibition Showcase Area

www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

Day One Wednesday January 23, 2013

LOSS ANALYSIS: FLOOD VS WIND

4.40 Effectively Managing Complexities When Flood Interacts With Insured Perils: Highlighting Potential Pitfalls, Understanding Limits And Analyzing The Impact Of The National Flood Program Mandate•Detailing wind vs. flood coverage – where does one end and

the other one start?

• Contract form differences between National Flood Program, contracts and commercial property insurance forms: Assessing where the gaps in coverage falls to identify pitfalls and consequences for wind claims

•Understanding changes in the National Flood Program in terms of what is actually covered and how this should be addressed in underwriting for wind policy coverages

•Utilizing new technologies and scientific community data to overcome ambiguity between wind and flood damage in storm surge claims - how do you effectively differentiate the exposure?

•Mitigating exposure to storm surge and hurricane-related flooding vs. charging additional premiums - is it better just to provide the flood coverage and take the premium?

• Preventing compounding of wind risk with the flood risk: Assessing how wind and flood losses are likely to aggregate across the portfolio

David Treutel, President & CEO, Treutel Insurance Agency And Chair, Flood Insurance Producers National Committee

5.10 Question & Answer SessionRATING AGENCY PERSPECTIVE

5.20 Addressing Ratings Agencies Views On The Challenge Of Unpredictability In Weather, The Changing Approach To Natural Catastrophe Risk And Model Reliability•How are rating agencies tackling the challenge of

unpredictability in weather and subsequent issues with models?

• Explaining capital requirements: Why are they so high?

•Understanding what metrics are being used in light of potential deficiencies in models

• Clarifying how a consistent view across the marketplace is achieved with variable approaches to risk management across the industry

• Calculations of probable maximum losses – how is this being impacted by the changing view of risk?

• Insights into how the rating agencies evaluate catastrophe risk and how it may evolve going forward?

•Outlining expectations for insurers to provide their own view of their catastrophe exposures and justify decisions based on model results

Kevin Lee, VP & Senior Credit Officer, Moody’sGary Davis, AVP Property / Casualty Division, A. M. BestSpeaker Representative, Name To Be Confirmed, Standard & Poor’s

5.50 Question & Answer Session6.00 Chair’s Day One Closing Remarks

6.10 – 7.10 Networking Drinks In The Exhibition Showcase Area

P Kevin Huang, Chief Risk Officer, AIG Americas

P Joseph Tinetti, EVP & Head of Property, Zurich Insurance

P Cliff Hope, EVP & Chief Property Underwriter, Aspen

P Erik Nikodem, EVP & Property Division Executive, Lexington Insurance

P Lindene Patton, Chief Climate Product Officer, Zurich Insurance

P Steve Hunckler, Chief Claims Officer & Chief Risk Control Services Officer, State Auto

P Edwin Jordan, Chief Underwriting Officer & Chief Strategy Officer, Tokio Millennium Re

P Michael Carr, SVP Excess & Surplus Property, Liberty International Underwriters

P Gary Stephen, SVP, Claims and Risk Management, PURE Insurance

P Bonnie Gill, VP Product Operations, Catastrophe Modeling, Allstate

P Victor Sordillo, VP & Global Technical Services Manager, Loss Control Services, Chubb & Son

Speaker Faculty At Extreme Weather Insurance Risk Management

P Kevin Lee, VP & Senior Credit Officer, Moody’s

P Ming Li, Head of Business Development & Research, Tokio Marine Tech

P Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance

P Karl Brondell, AVP Claims, State Farm

P Gary Davis, AVP Property / Casualty Division, A. M. Best

P Linda Conrad, Director of Strategic Business Risk Management, Zurich Insurance

P Robert Zehr, Director Of Enterprise Risk Management, ERIE Insurance

P David Treutel, President & CEO, Treutel Insurance Agency, and Chair, Flood Insurance Producers National Committee

P Leslie Chapman-Henderson, President & CEO, FLASH

Changes in the financial sector, regulatory environment and economy in general have made thorough understanding of risk for

effective risk management a necessity. I am excited to exchange views and learnings with

a great panel of speakers and attendees on this complex and challenging topic

Prateek Chhabra AVP Corporate Risk Strategy

Hanover Insurance

SAVE $400Register byNovember 92012

8.50 Chair’s Opening RemarksKEYNOTE PANEL: APPLICATION OF NEW TECHNOLOGIES

9.00 Capitalizing On The Latest Technologies To Significantly Improve Extreme Weather Risk Management Decision Making From Underwriting To Claims Operations• Employing the best tools as part of risk evaluation process to

further strengthen reliability of models and to compensate for non-existent models

•Using satellites for a global preview to better assess distant and difficult to reach locations

• Incorporating satellite based imaging into data sourcing process to improve the accuracy of information and more efficiently locate hydrological hazards in time and space

•Operating remote sense technology to assess condition of properties before and after catastrophe to assist the valuation and claims processes

Prateek Chhabra, AVP Corporate Risk Strategy, Hanover Insurance

9.30 Question & Answer SessionHURRICANE RISK EVALUATION

9.40 Managing The Changing View Of Hurricane Risk: Assessing The Gap Between Model Predictions And Reality To Fully Understand Vulnerabilities And Better Prepare For A Major Event•Defining the best strategic approaches to hurricane risk

evaluation to ensure all elements of the risk are captured

• Scrutinizing existing hurricane models: addressing recent changes and highlighted vulnerabilities to identify solutions for risk mitigation

• Allowing for the unreliability and potential deficiencies within models to better manage the gaps between the model projections and reality

• Considerations for taking a more proactive approach to hurricane pricing - industry views on how best to respond to predictions for active or inactive seasons

• Accounting for short-term, midterm and long-term evaluations for hurricane risk – is the severity likely to increase or have we experienced single point events?

Kevin Huang, Chief Risk Officer, AIG Americas

10.10 Question & Answer SessionREINSURANCE PERSPECTIVE

10.20 Development Of Reinsurance Structures To Alleviate Uncertainty And Volatility In Weather Patterns And Models

• Reviewing changes in the reinsurance market driven by changes in catastrophe models - mapping shifts in reinsurance decision making

• Evaluating how changes in model outputs have prompted changes in reinsurance costs, particularly in the coast states of the gulf

• Addressing reinsurance perspectives on quantifying risk to better understand the results they get and whether the variability is fully accounted for

•Mapping reinsurance strategic visions for managing future extreme weather events

Edwin Jordan, Chief Underwriting Officer & Chief Strategy Officer, Tokio Millennium Re

10.50 Extended Question & Answer Discussion11.10 Morning Refreshment In The Exhibition Showcase Area

MODELING COMMUNITY VIEWS11.40 Outlining Modeling Community Views And Future Plans On Improving Models To Better Accommodate Weather Volatility And Provide Solutions For Non-Modeled Peril Quantification• Addressing model limitations and vulnerabilities – what actions

modeling agencies have taken to improve these areas?

• Learning what is on the horizon: Improvements and changes modeling companies are planning to make and how to prepare for them

• Providing information on available resources for managing non-modeled perils to help underwriters better understand and measure their exposure

• Advising on quantifying risk and adjusting price for non-modeled perils

12.10 Question & Answer Session

WILDFIRE RISK EMPLOYING THE BEST TOOLS FOR ANALYZING WILDFIRE RISK

AND EFFECTIVELY PUTTING IN PLACE LOSS CONTROL MEASURES

WILDFIRE RISK ASSESSMENT12.20 Understanding The Causes, Potential Severity And Frequency Of Wildfire To Support Accurate, Profitable Underwriting And Protection Against Large Loss• Investigating societal and scientific causes of wildfire and

understanding the impact of climate change on this peril

•Understanding wildfire severity and accounting for frequencies to underwrite confidently

• Aggregating wildfire risk across the overall portfolio for better capital management and more adequate pricing

• Weighing the opportunity vs. the risk: How strong is the evolving business case for including in client’s coverage vs. excluding?

Victor Sordillo, VP & Global Technical Services Manager, Loss Control Services, Chubb & Son

12.50 Question & Answer Session1.00 Networking Lunch In The Exhibition Showcase Area

CASE STUDY: MANAGING WILDFIRE RISK – MITIGATION CONTROL MEASURES

2.00 Analyzing Recent Industry Losses From Wildfires And Lessons Learned For Improved Management And Mitigation Control Measures• Comparing modeled results with actual losses to assess

wildfire modeling tools efficacy – drawing on experiences from significant losses in 2011-2012

•How can wildfire models be improved to help manage and mitigate against losses?

• Addressing various preventative measures, such as educating consumers about fire lines and fire prevention to mitigate the wildfire risk

• Assessing relationships between type of structures and resulting losses

• Cost-benefit analysis of mitigation control measures to prevent fire from spreading further: Sending private fire-fighters, moving flammable materials away from insured houses, wetting houses with fire retardant mixture

Gary Stephen, SVP Claims & Risk Management, PURE Insurance

2.30 Question & Answer SessionWINTER STORM

2.40 Assessing Frequency, Impact And Management Of Winter Storm To Better Understand The Overall Portfolio Risk

• Evaluating science predictions on US winter storm trends to have better expectations of what is yet to come

• Assessing gaps in winter storm model and aggregate monitoring to find best ways of modeling winter storms for accurate loss estimation

•Gaining insight into winter storm intersection with floods and thunderstorms to better handle claims

• Reviewing the impact of US winter storm and analyzing cumulative losses: What strategic actions to take now - minimizing risk vs. maximizing the revenue

• Exploring opportunities to capitalize on insuring contingent business interruption – is it worth it?

3.10 Question & Answer SessionCONTINGENT BUSINESS INTERRUPTION

3.20 Tackling The Underestimation Of Business Contingent Exposure As A Major Contributor To Insured And Economic Losses: Analyzing Available Methods Of Quantification And Their Effectiveness•Quantifying Contingent Business Interruption (CBI): Can this

risk be quantified – or is it just a hidden liability?

• Evaluating the current approaches and difficulties in managing CBI to understand how sound they are and what improvements could be made

• Improving ability and underwriting expertise for how to rate and properly reserve business interruption from a contingent point of view through development of bespoke actuarial tools

Supporting Improved Decision Making Through Application Of New Technologies, Implementing Effective Mitigation Control Measures And More Accurately Quantifying Hurricanes, Wildfire And Winter Storm

www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

Day Two Thursday January 24, 2013

• Recognizing and accounting for second and third tier losses in the supply chain – implementing sufficient stress-testing and structures to avoid disputes

• Enabling improved future planning and charging for CBI in the short and in the long run: Is it possible to charge enough premiums to cover the risk?

• Exploring development of stand-alone and bespoke CBI policies to support faster and less complicated payment of claims

Linda Conrad, Director of Strategic Business Risk Management, Zurich Insurance

3.50 Question & Answer Session4.00 Afternoon Refreshments In The Exhibition Showcase Area

RISK MITIGATION BEST PRACTICE PANEL4.30 Revealing Best Practices In Risk Mitigation Control Measures To Reduce Exposure To Catastrophic Weather Events

• Adopting hazard-mitigation measures that are commensurate with the risk - dissecting what is at the stake over the next 1, 3 and 5 + years in order to adequately prepare strategically, practically and financially

• Identifying preferred construction types for better protection against wind and flood damage

•Developments implementing and updating building codes to reflect modern demands as a key solution for overcoming risks – how can these be further encouraged and enforced?

• Insights into testing of how building codes and materials hold up under extreme duress

•Making recommendations to clients in terms of less risk-prone locations, building safety requirements and in-house precautions to lessen risk exposure

•Mitigating loss burdens by providing comprehensive information and offering specific prevention incentives for reducing the vulnerability of buildings and infrastructure

• Assessing the key elements adding to increased losses in recent wind and flood-related claims to effectively match the highest cost benefit mitigation measures

•Highlighting and comparing developments in Emergency Management Systems across municipalities – what can be learned at this level to reduce losses?

Leslie Chapman-Henderson, President & CEO, FLASH

5.10 Question & Answer SessionEND OF CONFERENCE ROUND UP AND DISCUSSION

5.20 Summarizing Takeaway Solutions And Learnings To Delineate The Best Future Approaches Towards Extreme Weather Risk Management• Reviewing the best tools, techniques and methodologies

for progressing understanding and management of non-modeled or less precisely modeled events

• Comparing conclusions for enabling robust risk management to prevent over-reliability on models

•Outlining key takeaways for effectively mitigating against losses in an environment of unpredictability

5.35 Chair’s Closing Remarks5.40 End Of Congress

To secure your booth or discuss tailor-made sponsorship packages, contact:

Steve Thomas

(1) 800 721 3915 or email

steve@american-business-conferences.com

Sponsorship Opportunities

Venue Information:Crowne Plaza HotelTimes Square1605 Broadway, New York, NY 10019 USAwww.crowneplaza.com

www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

Achieving Your Business Objectives At The Extreme Weather Insurance Risk Management Congress 2013:

Extreme Weather Insurance Risk Management Congress 2013 offers a unique platform for you to deliver your message, raise awareness and network with industry leaders working on improving the accuracy of evaluating and improving the management of non-modeled perils and less well understood exposures.

P Demonstrate Thought LeadershipImproving quantification of non-modeled extreme weather events and developing an individual view of risk is a growing area of technological development and investment. You may be pioneering these advances, but do your customers know what differentiates you from your competitors? Use targeted, editorially reviewed keynotes and case studies to demonstrate thought leadership to your target audience.

P Raise Brand Awareness And Increase Your ProfileAny solutions selected by Insurers must be subjected to careful comparative cost-benefit analysis. Of course, senior executives take into account profile, credibility and market leadership when selecting suppliers to support their risk management strategies and processes. Your organization must be at the forefront when these decisions are made. Cement your leadership position with targeted branding and profiling campaigns directed at the leading insurers as they search for solutions to more accurately quantify and better manage insurance of extreme weather events.

P Meet And Network With Decision MakersThought leadership, branding and profiling are converted into contracts through extensive face-to-face relationship building. As a dedicated event to extreme weather insurance risk management, this intimate forum enables you to meet specific job titles in one place at one time, giving you the best possible chance of influencing key decision makers.

Who Will You Meet?

Attendees By Organization Type:g40% Insurers

g25% Reinsurers and Brokers

g25% Consultants and Solutions Providers

g10% Research Institutes, Regulators, Ratings Agencies

DETAILS PLEASE USE CAPITALS - Photocopy for multiple delegates

Delegate 1 * Mr * Miss * Ms * Mrs * Dr * Other

Name

Position

Delegate 2 * Mr * Miss * Ms * Mrs * Dr * Other

Name

Position

Organization

Address

Country Zip/Postal Code

Telephone Fax

Email Signature

HOW TO REGISTERPlease Return Your Completed Registration Form To Our Customer Service Team

Call (1) 800 721 3915

Fax (1) 800 714 1359

Email info@american-business-conferences.com

Online www.extreme-weather-risk-management.com

Address City Centre One 800 Town & Country Blvd Suite 300, Houston, TX, 77024, USA

Terms and ConditionsThe conference is being organized by American Business Conferences, a division of London Business Conferences Ltd, a limited liability company formed under English company law and registered in the UK no. 5090859.Cancellations received one calendar month (or the previous working day whichever is the earliest) before the event will be eligible for a refund less $150 administration fee. Cancellations must be made in writing. After that point no refund can be made. If you are unable to attend, no refund can be given but you may nominate a

colleague to take your place.American Business Conferences reserves the right to alter or cancel thespeakers or program. Receipt of thibooking form, inclusive or exclusive of payment constitutes formal agreement to attend and acceptance of the terms and conditions stated.*If you are claiming the early booking discount this may not be used in conjunction with other discounts advertised elsewhere.We would like to keep you informed of other American Business Conferences products and services. This will be carried out in accordance with the Data Protection Act. Please

write to the Head of Marketing, American Business Conferences at the address below if you specifically do not want to receive this information.American Business Conferences, City Centre One 800 Town & Country Blvd Suite 300, Houston, TX, 77024, USAAmerican Business Conferences will not accept liability for any individual transport delays and in such circumstances the normal cancellation restrictions apply. American Business Conferences is a Division of London Business Conferences Limited, Registered in England No. 5090859 EIN. no: 98-0514924

PAYMENT Please tick appropriate boxes and complete details

Payment must be received in full prior to the event.

* Check I enclose a check in US Dollars payable to London Business Conferences for $

* Payment by Wire Transfer A copy of the bank transfer document should be attached to your registration form so appropriate allocation of funds can be made to your registration.

Bank Name: Barclays Bank Account Name: London Business Conferences Account Number: 42331166 SWIFTBIC: BARCGB22 IBAN: GB59BARC20982142331166 EIN: 98-051 4924

Please charge my * Visa * American Express * Mastercard

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I would like to register the delegate(s) below for the 2 day conferenceExtreme Weather Insurance Risk Management CongressPYes

www.extreme-weather-risk-management.com (1) 800 721 3915 info@american-business-conferences.com

DELEGATE RATES We have group discounts so you can involve your whole organization or team

DELEGATE FEES (Guests are responsible for their own travel and accommodation arrangements)

Super Early Booking Discount Early Booking Discount Standard Rate

Book and pay before November 9, 2012 Book and pay before December 7, 2012 From December 7, 2012

2 Day Conference Plus Conference Audio Proceedings * US $1698 (Save $400) * US $1898 (Save $200) * US $2098

2 Day Conference * US $1399 (Save $400) * US $1599 (Save $200) * US $1799

I would like to order the presentations on CD, including audio files * US $499