ECCE Seminar - SCOR challenges in assessing natural catastrophe risk

The ZOOM link and login details will be sent on the day of the event on the ECCE events-related mailing-list . You can subscribe to that mailing-list at this link.

SCOR challenges in assessing natural catastrophe risk

Each year, various catastrophic events lead to significant losses within the insurance industry. While earthquakes and tropical cyclones are typically the primary contributors among natural catastrophes (Nat Cat), severe convective storms and floods can also accumulate substantial losses due to their high frequency and the increasing exposure in high-risk areas. As a global reinsurer, SCOR recognizes the importance of a deep understanding of the frequency, intensity, and impacts of natural hazard events to protect our capital and ensure solvency. In this presentation, I will introduce SCOR’s modern Cat Modeling tools, which we use to analyze risk. Additionally, I’ll discuss some of the key challenges in Nat Cat risk management, including tropical cyclone frequency trends, accounting for “unprecedented” events and climate change in risk assessment, and historical loss normalization for verifying modeling results.