3 September 2014 Insurance

Last chance to register for free risk modelling webinar

There are only hours left to sign up for a free webinar that will be take place today, Wednesday September 3.

Experts from Aon and GfK, a digital map and data provider, will explain the process of how risk models are built and the importance of using up-to-date data and accurate data.

Re/insurers are at risk of under-charging for certain perils and being stung by higher than expected claims if they base the assumptions in their catastrophe models on outdated or inaccurate data, the experts will say.

GfK is the official supplier of the digital CRESTA zone maps. CRESTA zones, backed by Munich Re and Swiss Re, provide a universal standard for the exchange of aggregated, insurance-related information among insurers and reinsurers. The CRESTA zones underwent a major reform in 2013 and now provide coverage of 137 countries worldwide as well as two resolution levels.

The webinar will also focus on three very different perils: European windstorm, flood risk in Calgary, Canada, and hailstorms in South Africa. Three case studies presented by Aon will focus on specific recent losses and examine how the risk models performed when using different resolution boundary data.

To register for this free event, please  click here

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For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk