A detailed discussion of four of the biggest challenges facing the insurance sector and how to align cutting edge climate science and practical applications in the insurance sector.
The UK CGFI Leeds Innovation Hub, in collaboration with the Royal Meteorological Society (RMetS), hosted this event on the biggest climate related challenges facing the insurance sector. We’ll share a summary in the coming weeks.
Working with the Lighthill Risk Network and Oasis LMF, we identified four of the biggest challenges facing the sector in the coming years:
- How much physical risk can already be attributed to climate change, and what level of future risk is already locked in?
- High-resolution information and downscaling
- Potential for improved decadal scale forecasts
- Climate tipping points
To meet these head on, it is crucial that cutting edge climate science and practical applications in insurance are aligned. This event facilitated detailed discussions between academia and industry, with the aim of setting out a research agenda for the most needed and best quality science.
Our aim is for this meeting to be the start of a process and we will revisit and monitor progress in the science and its applications in insurance in the coming years.
Agenda
11:00 Registration
Join us for refreshments at Nexus – University of Leeds, ahead of the event.
11:15 Welcome and presentation from UK CGFI Leeds Innovation Hub
Prof Iain Clacher
University of Leeds | UK CGFI
(Speaker)
11:20 Navigating climate data challenges in insurance
Dr Matthew Priestley
University of Exeter | RMetS
(Speaker)
11:30 Four of the biggest challenges facing the insurance sector
Dickie Whitaker
Oasis Loss Modelling Framework
(Speaker)
11:40 Session: How much physical risk can already be attributed to climate change, and what level of future risk is already locked in?
Prof Myles Allen CBE FRS
University of Oxford
(Speaker & Panellist)
Dr Richard Dixon
Inigo Insurance
(Speaker & Panellist)
Sandra Hansen
Guy Carpenter
(Panellist)
Prof Ralf Toumi
Imperial College London | UK CGFI
(Panellist)
12:50 Lunch
13:50 Session: High resolution information and downscaling
Dr Ségolène Berthou
Met Office
(Speaker & Panellist)
Prof John Marsham
University of Leeds
(Panellist)
Prof Ralf Toumi
Imperial College London | UK CGFI
(Speaker & Panellist)
Dr Paul Young
JBA Risk Management
(Speaker & Panellist)
15:00 Session: Potential for improved decadal scale forecasts
Dr Dan Bernie
Met Office
(Panellist)
Dr Adrian Champion
Aon | UK CGFI
(Speaker & Panellist)
Dr Leon Hermanson
Met Office
(Speaker & Panellist)
Dr Paul Wilson
Securis Investment Partners LLP
(Panellist)
16:10 Refreshments
16:40 Session: Climate tipping points
Prof Jason Lowe OBE
Met Office | University of Leeds | UK CGFI
(Speaker)
Dr Cameron Rye
WTW
(Panellist)
Amir Sethu
MS Amlin
(Panellist)
Dr Bablu Sinha
National Oceanography Centre
(Speaker & Panellist)
Dr John Wardman
Maximum Information
(Speaker & Panellist)
17:50 Closing remarks
Prof Jason Lowe OBE
Met Office | Priestley Centre for Climate Futures - University of Leeds | UK CGFI
(Speaker)
Dickie Whitaker
Oasis Loss Modelling Framework
(Speaker)
18:00 Networking reception
Join us for drinks and canapes.
19:00 Concludes
Event partners
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