35: Peak catastrophe perils and the climate factor - Prospectus 2021 conference

This was the second session of Prospectus 2021, a new annual reinsurance and insurance-linked securities (ILS) conference brought to you by Artemis in collaboration with sister title Reinsurance News in November 2020.  This session saw Dr. Jamie Rodney, Executive Director of ILS Analytics at ILS investment manager Twelve Capital, giving an in-depth and insightful keynote exploration of peak catastrophe perils and the climate factor, with a focus on hurricane risks.  The keynote delved deep into the work Twelve Capital has been doing to better understand hurricane risk and the potential influence of climate change, as well as the workings of catastrophe risk models with a view to the incorporation of climate factors.  This keynote presentation was delivered with slides, but the video unfortunately does not include them.  When it comes to understanding the uncertainty around the output of catastrophe models, Rodney suggested that different insurance, reinsurance and ILS industry players could benefit from working together more closely.  “I would actually argue that there needs to be more collaboration across the industry,” Rodney said during a Q&A session after his keynote.  “From a cat model perspective, working and collaborating with cat model vendors and having worked at a cat model vendor myself, there’s a lot of cutting edge science, there’s a lot of leading scientists working on this field.”

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