ICMIF’s Supporting Member, Willis Re, recently ran a training session for members on gaining a better understanding of catastrophe models. The session was run via two webinars on Friday, July 20, and had 70 participants over the two sessions. The sessions were timed to enable members from all global locations to participate. The webinar training was aimed at members involved in reinsurance, underwriting or management team members who come into contact with catastrophe modelling results, but who don’t run models themselves. The sessions were run by Robin Swindell, Executive Vice President, Willis Re.
Each session began with an overview and short history of catastrophe models, giving a broad overview of how they operate. Using simplified worked examples it then moved on to look at how common results are calculated and discussed when particular metrics are appropriate. The presentations concluded with a short question and answer session.
For participants who had attended the ICMIF Meeting of Reinsurance Officials (MORO) earlier this year, the webinar was a good follow up to Robin’s presentation “Catastrophe modelling in practice; a broker perspective” that was very well received.
We plan to run further webinar training sessions on reinsurance and if ICMIF members are interested in receiving information on dates and topics please contact Mike Ashurst ([email protected]), Vice President, Reinsurance, ICMIF.
Robin says “The sharing of knowledge and common experiences is increasingly important for cooperatives and mutuals, so it has been great to work with the ICMIF reinsurance committee to organise what we hope will be the first of many webinars.”
We are looking forward to future events, and would encourage interested members to also use the ICMIF.org Reinsurance Forums to discuss what topics would be of interest to them, as well as discussing their experiences with catastrophe modelling.”
Robin goes on to say, “The webinar format offers a low cost and convenient way of involving ICMIF members in training and discussions in between MORO meetings.
Here at Willis Re we are delighted to support ICMIF and their members with these training webinars, as we understand the benefits of education and the sharing of information for cooperatives and mutuals.”