2009 Spring Market Updates
12:00 AM 12:00 AM
EQECAT hosted half day seminars in the following cities:
London:
March 24, 2009
Grange City Hotel
8/14 Coopers Row
London EC3N 2BQ
Zurich:
March 26, 2009
Park Hyatt Zurich
Beethovenstrasse 21
8002 Zürich, Switzerland
New York City:
March 31, 2009
Grand Hyatt New York
Park Avenue at Grand Central
New York, NY 10017
Bermuda:
April 2, 2009
The Fairmont Hamilton Princess
Bermuda
76 Pitts Bay Road
Pembroke, BM HM08
Session 1 - US Earthquake Update
The 2008 USGS National Seismic Hazard Maps and the Uniform California Earthquake Rupture Forecast (UCERF) Version 2, both released in 2008, incorporate many new advances and represent the latest in U.S. earthquake risk estimation. EQECAT is working closely with the scientists involved with these efforts in order to implement the new modeling in EQECAT’s USQUAKE earthquake risk estimation model. The current EQECAT model already contains some of the data and methods and can provide insights into the direction of risk changes from the full implementation.
Session 2 - Hurricane Ike and Offshore Energy
Further evaluations of the EQECAT offshore model. Hurricanes Ike and Gustav in 2008 highlighted the need to properly quantify insured risk in the Offshore Energy Market. EQECAT's Gulf of Mexico Offshore Energy Model provides the best representation of insured risk in this market with a host of unrivalled innovations and risk discriminators. EQECAT welcomes you to attend a review of the impact of 2008 plus an overview of planned model enhancements.
Session 3 -Near-term Hurricane Risk Modeling
December 2008 saw new challenges to the concept of conditional risk models for Atlantic Hurricane. EQECAT explores the implications for models into the future.
Session 4 -European Windstorm
EQECAT's new model was released in 2008 before winterstorm Klaus. We explain the improvements in the new product that complement its distinctive approach to modeling extra-tropical cyclones in Europe, and show how this helps in the evaluation of storms like Klaus. We will also describe how EQECAT's "Industry" loss estimate is developed.