際際滷

際際滷Share a Scribd company logo
Defeat the weather
 Introduction
 Insurers VS the weather:
 The question
 Consortium
 Goal
 Influences
 Policyholders VS the weather:
 NAIC
 Consequences
 Tip
 Conclusion
 Extreme weather
 America: Tornado season
 In 6 years 80% of the population affected
 Last year: $43 billion damage
 Climat change
 Venice 2008
 Heavy rainfall: 30 cm per day
Allianz
SE
How does climate change affect the business
model of an insurance company?
Business model:
Earned profit + investment income  incurred loss  underwriting expenses
LOSS or
PROFIT
Working with Allianz SE:
JBA Consulting Intermap Technologies
Met Office WWF Germany
 To manage future extreme risks
 Ex: Predicting tornados or floodings
 To innovate the Climate model
 Ex: More rain in Belgium = more chance of
water damage
 Situation now:
 Chartis 130 job cuts
 Aviva 1000 job cuts
To reduce expenses
New climate model
Higher premiums
Solution
Jobs are safer
 National Association of Insurance
Commisioners
 Survey: inventory no inventory no receipts no photos of property
Consumers 41% 59% 48% 27%
59% doesnt update
 Dangers:
 No inventory
 Not updating
Inadequate home
insurance coverage
New purchases not
covered
Solution: have an updated inventory!!!
Defeat the weather
 New climate model for insurers
 An updated inventory for policyholders
Defeat the weather

More Related Content

Similar to Defeat the weather (17)

FORUM 2013 Risk Management influencing the balance sheet
FORUM 2013 Risk Management influencing the balance sheetFORUM 2013 Risk Management influencing the balance sheet
FORUM 2013 Risk Management influencing the balance sheet
FERMA
Accounting for RISK
Accounting for RISKAccounting for RISK
Accounting for RISK
Peter Burgess
Farm Risk Management Policies under Climate Change
Farm Risk Management Policies under Climate ChangeFarm Risk Management Policies under Climate Change
Farm Risk Management Policies under Climate Change
FAO
How should investors manage the risks of runaway climate change?
How should investors manage the risks of runaway climate change?How should investors manage the risks of runaway climate change?
How should investors manage the risks of runaway climate change?
Dr Raj Thamotheram
How location can mitigate risk exposure to your inaurance portfolio
How location can mitigate risk exposure to your inaurance portfolioHow location can mitigate risk exposure to your inaurance portfolio
How location can mitigate risk exposure to your inaurance portfolio
DMTI Spatial
2018 DRR Financing 3.1 Karina Whalley
2018 DRR Financing 3.1 Karina Whalley2018 DRR Financing 3.1 Karina Whalley
2018 DRR Financing 3.1 Karina Whalley
UNDP Eurasia
Transforming the Public Sector| The United States| November 2021
Transforming the Public Sector| The United States| November 2021Transforming the Public Sector| The United States| November 2021
Transforming the Public Sector| The United States| November 2021
paul young cpa, cga
Fiscal Management| Public Sector| United States
Fiscal Management| Public Sector| United StatesFiscal Management| Public Sector| United States
Fiscal Management| Public Sector| United States
paul young cpa, cga
TVA p3 RISK examples and lessons learned 151022
TVA p3 RISK examples and lessons learned 151022TVA p3 RISK examples and lessons learned 151022
TVA p3 RISK examples and lessons learned 151022
Peter Burgess
Climate Change & the Bottom Line conference- Keynote, Alex Kaplan, Swiss Re
Climate Change & the Bottom Line conference- Keynote, Alex Kaplan, Swiss ReClimate Change & the Bottom Line conference- Keynote, Alex Kaplan, Swiss Re
Climate Change & the Bottom Line conference- Keynote, Alex Kaplan, Swiss Re
Sustainable Seattle
Conf EIPM Archamps Dec 2014
Conf EIPM Archamps Dec 2014Conf EIPM Archamps Dec 2014
Conf EIPM Archamps Dec 2014
Xavier Sarrat
Transforming the Public Sector| The United States| November 2021
Transforming the Public Sector| The United States| November 2021Transforming the Public Sector| The United States| November 2021
Transforming the Public Sector| The United States| November 2021
paul young cpa, cga
Crafting & Designing Programs by Practitioner's for a Safer Future
Crafting & Designing Programs by Practitioner's for a Safer FutureCrafting & Designing Programs by Practitioner's for a Safer Future
Crafting & Designing Programs by Practitioner's for a Safer Future
Natural Hazard Mitigation Association
NJFuture Redevelopment Forum 2016 Kaplan
NJFuture Redevelopment Forum 2016 KaplanNJFuture Redevelopment Forum 2016 Kaplan
NJFuture Redevelopment Forum 2016 Kaplan
New Jersey Future
Changes in the insurance business of 2011
Changes in the insurance business of 2011Changes in the insurance business of 2011
Changes in the insurance business of 2011
malika_akhmarova
TVA p3 RISK ... LESSONS LEARNED ... OR NOT!
TVA p3 RISK ... LESSONS LEARNED ... OR NOT!TVA p3 RISK ... LESSONS LEARNED ... OR NOT!
TVA p3 RISK ... LESSONS LEARNED ... OR NOT!
Peter Burgess
Sn Climate Equity Sa Media Aug 09
Sn Climate Equity Sa Media Aug 09Sn Climate Equity Sa Media Aug 09
Sn Climate Equity Sa Media Aug 09
equitywatch
FORUM 2013 Risk Management influencing the balance sheet
FORUM 2013 Risk Management influencing the balance sheetFORUM 2013 Risk Management influencing the balance sheet
FORUM 2013 Risk Management influencing the balance sheet
FERMA
Accounting for RISK
Accounting for RISKAccounting for RISK
Accounting for RISK
Peter Burgess
Farm Risk Management Policies under Climate Change
Farm Risk Management Policies under Climate ChangeFarm Risk Management Policies under Climate Change
Farm Risk Management Policies under Climate Change
FAO
How should investors manage the risks of runaway climate change?
How should investors manage the risks of runaway climate change?How should investors manage the risks of runaway climate change?
How should investors manage the risks of runaway climate change?
Dr Raj Thamotheram
How location can mitigate risk exposure to your inaurance portfolio
How location can mitigate risk exposure to your inaurance portfolioHow location can mitigate risk exposure to your inaurance portfolio
How location can mitigate risk exposure to your inaurance portfolio
DMTI Spatial
2018 DRR Financing 3.1 Karina Whalley
2018 DRR Financing 3.1 Karina Whalley2018 DRR Financing 3.1 Karina Whalley
2018 DRR Financing 3.1 Karina Whalley
UNDP Eurasia
Transforming the Public Sector| The United States| November 2021
Transforming the Public Sector| The United States| November 2021Transforming the Public Sector| The United States| November 2021
Transforming the Public Sector| The United States| November 2021
paul young cpa, cga
Fiscal Management| Public Sector| United States
Fiscal Management| Public Sector| United StatesFiscal Management| Public Sector| United States
Fiscal Management| Public Sector| United States
paul young cpa, cga
TVA p3 RISK examples and lessons learned 151022
TVA p3 RISK examples and lessons learned 151022TVA p3 RISK examples and lessons learned 151022
TVA p3 RISK examples and lessons learned 151022
Peter Burgess
Climate Change & the Bottom Line conference- Keynote, Alex Kaplan, Swiss Re
Climate Change & the Bottom Line conference- Keynote, Alex Kaplan, Swiss ReClimate Change & the Bottom Line conference- Keynote, Alex Kaplan, Swiss Re
Climate Change & the Bottom Line conference- Keynote, Alex Kaplan, Swiss Re
Sustainable Seattle
Conf EIPM Archamps Dec 2014
Conf EIPM Archamps Dec 2014Conf EIPM Archamps Dec 2014
Conf EIPM Archamps Dec 2014
Xavier Sarrat
Transforming the Public Sector| The United States| November 2021
Transforming the Public Sector| The United States| November 2021Transforming the Public Sector| The United States| November 2021
Transforming the Public Sector| The United States| November 2021
paul young cpa, cga
NJFuture Redevelopment Forum 2016 Kaplan
NJFuture Redevelopment Forum 2016 KaplanNJFuture Redevelopment Forum 2016 Kaplan
NJFuture Redevelopment Forum 2016 Kaplan
New Jersey Future
Changes in the insurance business of 2011
Changes in the insurance business of 2011Changes in the insurance business of 2011
Changes in the insurance business of 2011
malika_akhmarova
TVA p3 RISK ... LESSONS LEARNED ... OR NOT!
TVA p3 RISK ... LESSONS LEARNED ... OR NOT!TVA p3 RISK ... LESSONS LEARNED ... OR NOT!
TVA p3 RISK ... LESSONS LEARNED ... OR NOT!
Peter Burgess
Sn Climate Equity Sa Media Aug 09
Sn Climate Equity Sa Media Aug 09Sn Climate Equity Sa Media Aug 09
Sn Climate Equity Sa Media Aug 09
equitywatch

Recently uploaded (20)

What would be the protection gap in Motor Insurance for future
What would be the protection gap in Motor Insurance for futureWhat would be the protection gap in Motor Insurance for future
What would be the protection gap in Motor Insurance for future
Balkir Demirkan
The Economic History of the United States 15
The Economic History of the United States 15The Economic History of the United States 15
The Economic History of the United States 15
Gale Pooley
157136216-Business-Quiz-for-MBA-Students.pptx
157136216-Business-Quiz-for-MBA-Students.pptx157136216-Business-Quiz-for-MBA-Students.pptx
157136216-Business-Quiz-for-MBA-Students.pptx
Manisha Dey
INDUSTRIAL ESTATES IN TAMIL NADU by Dr. S. Malini
INDUSTRIAL ESTATES IN TAMIL NADU by Dr. S. MaliniINDUSTRIAL ESTATES IN TAMIL NADU by Dr. S. Malini
INDUSTRIAL ESTATES IN TAMIL NADU by Dr. S. Malini
MaliniHariraj
Sustainability and Banking
Sustainability and Banking   Sustainability and Banking
Sustainability and Banking
Dr. Salem Baidas
GST Collection Analysis Report for Feb 25
GST Collection Analysis Report for Feb 25GST Collection Analysis Report for Feb 25
GST Collection Analysis Report for Feb 25
meetraval35
NITI AAYOG: INDIA'S POLICY THINK TANK
NITI AAYOG: INDIA'S POLICY THINK TANKNITI AAYOG: INDIA'S POLICY THINK TANK
NITI AAYOG: INDIA'S POLICY THINK TANK
Sunita C
PFMS Public Finance Management System Presentation Dr. Konka BAMU
PFMS Public Finance Management System Presentation Dr. Konka BAMUPFMS Public Finance Management System Presentation Dr. Konka BAMU
PFMS Public Finance Management System Presentation Dr. Konka BAMU
Prakash Konka
Paper: The World Game (s) Great Redesign.pdf
Paper: The World Game (s) Great Redesign.pdfPaper: The World Game (s) Great Redesign.pdf
Paper: The World Game (s) Great Redesign.pdf
Steven McGee
Yanis Varoufakis - Technofeudalism_ What Killed Capitalism - libgen.li.pdf
Yanis Varoufakis - Technofeudalism_ What Killed Capitalism - libgen.li.pdfYanis Varoufakis - Technofeudalism_ What Killed Capitalism - libgen.li.pdf
Yanis Varoufakis - Technofeudalism_ What Killed Capitalism - libgen.li.pdf
MatiasMendoza46
SSON Report Webinar Recap - Auxis Webinar
SSON Report Webinar Recap - Auxis WebinarSSON Report Webinar Recap - Auxis Webinar
SSON Report Webinar Recap - Auxis Webinar
Auxis Consulting & Outsourcing
interest formulas and their applications .pdf
interest formulas and their applications .pdfinterest formulas and their applications .pdf
interest formulas and their applications .pdf
MonaSayed32
Strategic Resources March 2025 Corporate Presentation
Strategic Resources March 2025 Corporate PresentationStrategic Resources March 2025 Corporate Presentation
Strategic Resources March 2025 Corporate Presentation
Adnet Communications
Presentation for business plan sample m
Presentation for business plan  sample mPresentation for business plan  sample m
Presentation for business plan sample m
msmiranda894
CH_03 ppt ACOUNTING INFORMATION SYSTEM .
CH_03 ppt ACOUNTING INFORMATION SYSTEM .CH_03 ppt ACOUNTING INFORMATION SYSTEM .
CH_03 ppt ACOUNTING INFORMATION SYSTEM .
ghadasamy11
PS Assignment 1 for Btech stutents/Enginnering
PS Assignment 1 for Btech stutents/EnginneringPS Assignment 1 for Btech stutents/Enginnering
PS Assignment 1 for Btech stutents/Enginnering
honeymodder
Silver One March 2025 Corporate Presentation
Silver One March 2025 Corporate PresentationSilver One March 2025 Corporate Presentation
Silver One March 2025 Corporate Presentation
Adnet Communications
Exports fell by 8% yoy in January due to declining agricultural stocks. Forei...
Exports fell by 8% yoy in January due to declining agricultural stocks. Forei...Exports fell by 8% yoy in January due to declining agricultural stocks. Forei...
Exports fell by 8% yoy in January due to declining agricultural stocks. Forei...
仆亳 亠从仂仆仂仄仆亳 亟仂仍亟亢亠仆 舒 仗仂仍亳仆亳 从仂仆仍舒亶
FESE Capital Markets Fact Sheet 2024 Q4.pdf
FESE Capital Markets Fact Sheet 2024 Q4.pdfFESE Capital Markets Fact Sheet 2024 Q4.pdf
FESE Capital Markets Fact Sheet 2024 Q4.pdf
secretariat4
What would be the protection gap in Motor Insurance for future
What would be the protection gap in Motor Insurance for futureWhat would be the protection gap in Motor Insurance for future
What would be the protection gap in Motor Insurance for future
Balkir Demirkan
The Economic History of the United States 15
The Economic History of the United States 15The Economic History of the United States 15
The Economic History of the United States 15
Gale Pooley
157136216-Business-Quiz-for-MBA-Students.pptx
157136216-Business-Quiz-for-MBA-Students.pptx157136216-Business-Quiz-for-MBA-Students.pptx
157136216-Business-Quiz-for-MBA-Students.pptx
Manisha Dey
INDUSTRIAL ESTATES IN TAMIL NADU by Dr. S. Malini
INDUSTRIAL ESTATES IN TAMIL NADU by Dr. S. MaliniINDUSTRIAL ESTATES IN TAMIL NADU by Dr. S. Malini
INDUSTRIAL ESTATES IN TAMIL NADU by Dr. S. Malini
MaliniHariraj
Sustainability and Banking
Sustainability and Banking   Sustainability and Banking
Sustainability and Banking
Dr. Salem Baidas
GST Collection Analysis Report for Feb 25
GST Collection Analysis Report for Feb 25GST Collection Analysis Report for Feb 25
GST Collection Analysis Report for Feb 25
meetraval35
NITI AAYOG: INDIA'S POLICY THINK TANK
NITI AAYOG: INDIA'S POLICY THINK TANKNITI AAYOG: INDIA'S POLICY THINK TANK
NITI AAYOG: INDIA'S POLICY THINK TANK
Sunita C
PFMS Public Finance Management System Presentation Dr. Konka BAMU
PFMS Public Finance Management System Presentation Dr. Konka BAMUPFMS Public Finance Management System Presentation Dr. Konka BAMU
PFMS Public Finance Management System Presentation Dr. Konka BAMU
Prakash Konka
Paper: The World Game (s) Great Redesign.pdf
Paper: The World Game (s) Great Redesign.pdfPaper: The World Game (s) Great Redesign.pdf
Paper: The World Game (s) Great Redesign.pdf
Steven McGee
Yanis Varoufakis - Technofeudalism_ What Killed Capitalism - libgen.li.pdf
Yanis Varoufakis - Technofeudalism_ What Killed Capitalism - libgen.li.pdfYanis Varoufakis - Technofeudalism_ What Killed Capitalism - libgen.li.pdf
Yanis Varoufakis - Technofeudalism_ What Killed Capitalism - libgen.li.pdf
MatiasMendoza46
interest formulas and their applications .pdf
interest formulas and their applications .pdfinterest formulas and their applications .pdf
interest formulas and their applications .pdf
MonaSayed32
Strategic Resources March 2025 Corporate Presentation
Strategic Resources March 2025 Corporate PresentationStrategic Resources March 2025 Corporate Presentation
Strategic Resources March 2025 Corporate Presentation
Adnet Communications
Presentation for business plan sample m
Presentation for business plan  sample mPresentation for business plan  sample m
Presentation for business plan sample m
msmiranda894
CH_03 ppt ACOUNTING INFORMATION SYSTEM .
CH_03 ppt ACOUNTING INFORMATION SYSTEM .CH_03 ppt ACOUNTING INFORMATION SYSTEM .
CH_03 ppt ACOUNTING INFORMATION SYSTEM .
ghadasamy11
PS Assignment 1 for Btech stutents/Enginnering
PS Assignment 1 for Btech stutents/EnginneringPS Assignment 1 for Btech stutents/Enginnering
PS Assignment 1 for Btech stutents/Enginnering
honeymodder
Silver One March 2025 Corporate Presentation
Silver One March 2025 Corporate PresentationSilver One March 2025 Corporate Presentation
Silver One March 2025 Corporate Presentation
Adnet Communications
FESE Capital Markets Fact Sheet 2024 Q4.pdf
FESE Capital Markets Fact Sheet 2024 Q4.pdfFESE Capital Markets Fact Sheet 2024 Q4.pdf
FESE Capital Markets Fact Sheet 2024 Q4.pdf
secretariat4

Defeat the weather

  • 2. Introduction Insurers VS the weather: The question Consortium Goal Influences Policyholders VS the weather: NAIC Consequences Tip Conclusion
  • 3. Extreme weather America: Tornado season In 6 years 80% of the population affected Last year: $43 billion damage Climat change Venice 2008 Heavy rainfall: 30 cm per day
  • 4. Allianz SE How does climate change affect the business model of an insurance company? Business model: Earned profit + investment income incurred loss underwriting expenses LOSS or PROFIT
  • 5. Working with Allianz SE: JBA Consulting Intermap Technologies Met Office WWF Germany
  • 6. To manage future extreme risks Ex: Predicting tornados or floodings To innovate the Climate model Ex: More rain in Belgium = more chance of water damage
  • 7. Situation now: Chartis 130 job cuts Aviva 1000 job cuts To reduce expenses New climate model Higher premiums Solution Jobs are safer
  • 8. National Association of Insurance Commisioners Survey: inventory no inventory no receipts no photos of property Consumers 41% 59% 48% 27% 59% doesnt update
  • 9. Dangers: No inventory Not updating Inadequate home insurance coverage New purchases not covered Solution: have an updated inventory!!!
  • 11. New climate model for insurers An updated inventory for policyholders