International Cooperative and
Mutual Insurance Federation

The latest edition of PartnerReviews, the newsletter from PartnerRe, a Supporting Member of ICMIF, is published this month online and this edition is a special catastrophe risk edition covering modelling, climate change and underwriting trends.

Readers are welcomed to the newsletter by Brian Secrett, Head of Catastrophe at PartnerRe, who says: “With 2011’s unprecedented losses, increasing exposures in peak zones and a changing climate, catastrophe risk assessment is even more important for risk acceptance and capital protection. As we kick off renewal season, we share perspectives from our catastrophe risk experts on some of the latest developments in modelling, climate change projections and underwriting trends.” 

This edition of the newsletter features reports on:

European Windstorm Modelling – Another Step Forward

Advanced risk assessment and validation of windstorm return periods using a dynamical, multi-model storm set.

IPCC Findings & Impact on Insured Risks

Extreme weather and climate events are changing. An overview and PartnerRe analysis of the possible impact on U.S. hurricane risk.

Tornado Hail: Impact on the Industry

Q&A with Christina Cronin, Senior Vice President, Standard Lines, on the residual effects of the 2011 tornado and hail events on the re/insurance industry.

Videos

In three special videos Dr. Malcolm Haylock, Senior Researcher, Catastrophe, PartnerRe discusses the 2012 Inter-governmental Panel on Climate Change (IPCC) report and how a changing climate could impact catastrophe risk. The video topics are:

• What were the main findings of the IPCC special report 2012?
• How will a changing climate impact the risk from natural catastrophes?
• Why is PartnerRe a good choice of partner for catastrophe risk evaluation?

PartnerRe has an in-house team of scientific experts who work to gain the best possible understanding of natural catastrophe risk. They participate in scientific conferences and in the recent IPCC report on extremes, Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation, PartnerRe scientists were either authors or reviewers of the report or original authors on whose work the report was based. This expertise translates into PartnerRe’s catastrophe models which enable PartnerRe to gain a good understanding of all natural catastrophe risks.