excellence in all we do mitsui sumitomo at lloyd’s geography in insurance – a catastrophe...
TRANSCRIPT
Excellence in all we do
Mitsui Sumitomo at Lloyd’s
Geography in insurance – a catastrophe manager’s view
February 17th 2015
Matt Foote, CGeog Mitsui Sumitomo Insurance (London Management) Ltd
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The spectrum of insurance risk - mirroring geographical disciplines
Lloyd’s / SOHO (ESA & NASA)
• What chance of a large loss in the next year?
• How much capital do we need to cover extreme loss years?
• Is the premium charged correct?• What situations could cause a loss to be
larger than expected?• What might cause a loss?
Catastrophe (CAT) Risk Analytics and Exposure Management
IIDAR images reproduced with kind permission of Blom Group
Catastrophe models – a component based modelled view
Mean Damage Ratio - MDR
LocationLocation Location
The rise of data management and geographical analysis systems
Reproduced with kind permission of Agencyport Reproduced with kind permission of the artist
Harnessing new data & methods – ‘GeoIntelligence’ to tackle risk
Reproduced from www.marinetraffic.com with kind permission of Dimitris Lekkas
Professional geography and insurance skills
• Geography – key skills:• Analysing complex relationships /
patterns• Natural and human systems• Global – local scales• Integration• Organisational skills• General skills and sub-disciplines
• Insurance skills – generally asked for:• Commercial awareness• Creativity / innovative and strategic
thinking• Numeracy, time management• Complex problem solving / decision
making