Panel on the New Modeling Platform Changes

RAA Orlando, Florida February 12th, 2014

Catastrophe Modeling Platform Changes

2014 will be a year of tremendous change, and opportunity, in the catastrophe modeling space Cloud, no cloud, open frameworks Re-architecture, SQL, no-SQL, rebuild, increased efficiencies This presentation is about maximizing the value provided by catastrophe models and taking ownership of the modeled results

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How Far We Have Come

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The Flow of Catastrophe Modeling Information

The flow of catastrophe modeling information has a common currency

Insured

Broker Direct

Insurer

Rating Agencies Regulators

Broker

Retro

Reinsurer

Other Capital

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Many Modeling Firms Providing Information and Insight

Different levels of information sharing, willingness and ability to provide knowledge and information to create a sense of ownership, openness and understanding

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The Black Box

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Own the Risk

All views of risk assessment will be the correct view The opening of the black box will potentially allow users of catastrophe models to Own the Risk , even more so than they can today but it will not be as easy to do as Risk, Own it may initially appear

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Our Distinguished Panelists

Richard Attanasio, Vice President, AM Best Eric M. Nelson, VP of Enterprise Catastrophe Strategy & Analysis, Travelers Hjrtur Thrinsson, PhD, Senior Corporate Underwriter, Munich Re

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