This IUA online market briefing will provide high-level information about the impact of climate change on different atmospheric perils and how (re)insurers can leverage data and technology to model, mitigate, and price the risk associated with these future climate impacts.

Description

Most insurance and reinsurance contracts are over a one-year duration; however, regulators and risk managers are increasingly concerned with how to plan for a more distant future climate. Insurers, reinsurers, financial institutions, and policymakers are being asked increasingly pointed questions about their preparedness for the possible effects of a changing climate. More than ever, the global community needs tools and solutions to measure and manage the uncertainties associated with the future climate. Data and technology play crucial roles in mitigating climate risk and our ability to accurately assess and price that risk.

At this market briefing, our guest speaker, Dr Sousounis, will discuss the science of climate change, how it is impacting different atmospheric perils, and new methodologies to leverage data and technology to create new solutions for quantifying the current and future impact of climate change.

Speaker

Dr Peter Sousounis, Ph.D., Vice President and Director of Climate Change Research, AIR

Dr. Sousounis is Vice President and Director of Climate Change Research at AIR Worldwide. His current responsibilities include ensuring that current and future catastrophe model development at AIR accounts for climate change, identifying products and tools to help clients address their climate change concerns, assisting with global resilience projects, and providing thought leadership in various forms of oral and written communication.