Post by Willis Re

𝗪𝗵𝗮𝘁’𝘀 𝗺𝗼𝗿𝗲 𝗹𝗶𝗸𝗲𝗹𝘆: 𝗮𝗻 𝗦𝗖𝗦 𝗶𝗻𝘀𝘂𝗿𝗲𝗱-𝗹𝗼𝘀𝘀 𝘆𝗲𝗮𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗨𝗦 𝗯𝗲𝗹𝗼𝘄 $𝟭𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻, 𝗼𝗿 𝗼𝗻𝗲 𝘁𝗵𝗮𝘁 𝗰𝗼𝘀𝘁𝘀 𝗻𝗼𝗿𝘁𝗵 𝗼𝗳 $𝟭𝟬𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻? This week Megan McCullough Hart, PhD, CCRMP from Willis Re along with Scott St. George of WRN have been at the Reinsurance Association of America Cat Risk Management conference in Orlando.   Later today Megan will be chairing the panel ‘Understanding Macro Events on a Micro Level’ where with her fellow panellists she will discuss in more detail, risk modelling in the context of large weather systems and how modelling techniques can be adapted for a regional focus. Ahead of the event, the team at Willis Re, with inputs from our research partner WRN, have looked in detail at understanding the drivers of increasing SCS losses in US over recent years and evaluating available models for appropriateness against heightened activity. This peril region is top of mind for re/insurers across the globe given losses have surged past $50B annually in recent years, and SCS is a particularly challenging peril to model given hyper‑local storm behavior and inconsistent data. With peril expertise and market / model knowledge, Willis Re is well poised to help re/insurers rethink how they assess, underwrite, and transfer this growing risk.   You can read their analysis by clicking on the image below. #Reinsurance #CatastropheModeling #SevereConvectiveStorm #CatRisk26 #ClimateRisk