Conference Agenda

May 6 - 7, 2014 | Ft. Lauderdale, FL

View EQECAT's 2014 US Catastrophe Modeling Conference agenda:


Tuesday, May 6, 2014
Time Session Description Speaker
7:30 am - 8:30 am Registration / Continental Breakfast
8:30 am - 9:00 am Opening Remarks

Paul Little
President, EQECAT
9:00 am - 10:00 am EQECAT and CoreLogic: Setting a New Standard for Assessing Natural Hazard-Related Risk: 

A comprehensive review of loan-level data assets available through CoreLogic and in the market for both agency and non-agency RMBS bond analyses - and how loan-level data assets can be combined to deepen understanding of key performance drivers.

Jay Kingsley
SVP, CoreLogic Spatial Solutions

10:00 am - 10:30 am Networking Break
10:30 am - 11:15 am EQECAT - State-of-Science Roadmap & Vision Medleys

EQECAT's development roadmap highlights include new flood, earthquake and hurricane risk models in the US, improved user workflow and a new online service and improvements to performance. Now a part of CoreLogic, EQECAT's roadmap will include valuable underwriting and data validation/verification features and function leveraging the resources of the organization. 
Tom Larsen
SVP, EQECAT

Rodney Griffin
SVP, EQECAT
11:15 am - 12:00 pm New Science Embedded in RQE™ 15

EQECAT’s RQE 15 release includes seismic model updates for Japan and Singapore, a new probabilistic tsunami model for Japan, and a completely revised European windstorm model that is now expanded to include Portugal and Spain. EQECAT's RQE platform has updates to browsing and editing features, an expanded report library and incorporation of Web Services communications into its automation capabilities.

Mahmoud Khater
CTO, EQECAT

David F. Smith
SVP, EQECAT
12:00 pm - 1:15 pm Lunch
1:15 pm - 1:45 pm RiskMeter Online™

RiskMeter Online is an on-demand insurance platform, delivering natural hazard risk data that empowers underwriters, agents and brokers to make quick and accurate property risk determinations.

Werner Kruck
COO and Director, Security First Insurance Company
1:45 pm - 2:45 pm Panel Discussion: Risk Ownership Best Practices

A panel that explores bespoke modeling.
Moderator:

Tim Trainor
Practice Leader, EQECAT

Jeffrey Gall
Head of Hazard Research, Validus Research

Gary Martucci
Director, Financial Services Ratings, Standard & Poor's

Joe Sigona
SVP, Guy Carpenter & Company


2:45 pm - 3:30 pm Managing Flood Risk

Flood is the big story from the last few years with major losses both foreseen and unforeseen. Many call it an "un-modeled loss", yet the combined capabilities of CoreLogic and EQECAT provide a variety of solutions. This session will examine the industry leading techniques now being employed to help clients manage this risk.
Howard Botts
VP & Chief Scientist, CoreLogic

David F. Smith
SVP, EQECAT

3:30 pm - 4:00 pm Networking Break
4:00 pm - 4:45 pm Model Understanding: Offshore Energy

EQECAT's Offshore Energy Model is specifically designed for its insurance sector - the coverages, policy conditions, hazard drivers, platforms; this session discusses the key features of the Offshore Energy Model - risk differentiation; wind, waves and subsea perils; platform construction; expansion to Europe.
Peter Beresford
Director, EQECAT
Model Validation: Simulation Model

EQECAT is the only modeler to adopt a simulation methodology to estimate insured losses from catastrophes. This session is focused on demonstrating that the results patterns produced by the model are valid. Focus on area with good claims data (US EQ), extrapolate to areas with infrequent events (Israel EQ) and high attachment point / complex terms. (Zenkyoren; CEA; Offshore)
Jonathan Moss
QA Manager, EQECAT
Validating the Import of Exposure Data into RQE

RQE’s unique four tier hierarchy cannot be fully exploited by importing EDMs. This session will concentrate on mapping exposure data from source directly into all of the appropriate fields in RQE to fully exploit the location, structure and insurance terms with maximum precision. This session will focus on where the data are/where to look for the data, how to know if it imported correctly. Key pointers will be given on how to create charts/graphs, view reports, view the accumulation of multiple primary portfolios and verify the underlying exposure.

William Thomas Taggart
Client Relationship Director, EQECAT
4:45 pm - 5:30 pm Insights into USQuake™

Change is upon us! This year, the USGS will release their updated National Seismic Hazard Maps, incorporating new research from the Uniform California Earthquake Rupture Forecast (UCERF) and the Next Generation Attenuation (NGA) projects. As earthquake hazard science evolves, so must our models. While the new science is not yet implemented in RQE, we can evaluate the proposed changes and provide some insights to understand how the model may change. Understanding the potential impacts of changes can help you prepare for what will be coming.
Paul Thenhaus
Senior Geologist, EQECAT 

Kenneth Campbell
VP, EQECAT
Case Study: Large Schedule Modeling

RQE is designed to handle large schedules and complex risks. Exposing the functionality for creating large schedule/complex risk analyses, this session provides a primer on how to use RQE to: input data, know the data is input correctly, know the results are appropriate, learn how sensitivity tests work and see drivers of risk.
Peter Beresford
Director, EQECAT

Case Study: Offshore Energy

This session looks at the data elements of the Offshore Model, analyzing and interpreting the outputs of the model and drivers of risk.
David Gregory
Account Director, EQECAT
6:30 pm - 8:30 pm Cocktails & Buffet Dinner
Wednesday, May 7, 2014
8:00 am - 8:30 am Continental Breakfast
8:30 am - 9:30 am Panel Discussion: Extracting Value from Catastrophe and DFA Models in the ERM Process

Insurance industry risk management has come a long way from the days of Sanford maps, risk models, and an investment grade bond portfolio. Advanced cat analytics available in the financial module of catastrophe models are critical to understand in the age of Sarbanes Oxley, Solvency II and ORSA.

This panel will discuss how cat models are employed to inform not only strategic capital models (DFA), but how they fit into the enterprise risk management framework. Representatives of a leading reinsurance intermediary, a major rating agency and a leading management consultant discuss how large and small insurers bring cat modeling into the strategic enterprise risk management decision making process.
    Moderator:

    George Freimarck

    Practice Leader, EQECAT

    Panelists:
    Richard Attanasio, VP, AM Best

    Dan Dick,
    Executive Managing Director, Aon Benfield

    Kevin M Madigan, PhD, CERA, ACAS, MAAA PwC, Director
    9:30 am - 10:30 am Case Study: Implementing RQE

    Key objectives of the RQE EQECAT platform will be discussed along with how a Client has efficiently integrated the platform into their environment.
    Rodney Griffin
    SVP, EQECAT

    10:30 am - 11:00 am Networking Break
    11:00 am - 11:45 am Designing a Flood Insurance Program

    Designing a flood insurance program that takes advantage of the lack of granularity in NFIP rating. Using models along with GIS data enables companies to selectively exclude only those areas at highest risk, while maximizing the area where coverage can be offered.
    Iain Willis
    Product Manager, EQECAT

    Matt Chamberlain
    Milliman
    Case Study: Drivers of Risk & Marginal Capital

    The EQECAT RQE™ modeling platform produces the most granular model output available.  The granular and detailed model results deliver consistent risk management results for underwriting, aggregation and communication risk aggregation and drivers of risk.
    Tom Larsen
    SVP, EQECAT
    The New RQE 15 Job Management Capabilities 

    Targeted to technical and power users who want to be able to control and optimize RQE  job processing. The presentation aims to cover the new features that enable job prioritising and server resources management across teams. A must see for anyone interested in understanding how to get their job through the system first. 




    Herve Moquet, Global Systems Specialist, EQECAT
    11:45 am - 12:30 pm Anatomy of a Super Cat Hurricane

    What does a $300 billion insured market loss hurricane event look like? Catastrophe models are developed from observations of past events and the understanding of science to help us understand what can happen. To develop confidence in 1 percentile decision points, catastrophe models must address the likelihood and outcomes from direct hits of the barely conceivable.
    Tom Larsen
    SVP, EQECAT
    Severe Convective Storm: Usage Case Study

    User case of Severe Convective Storm model in the US. EQECAT's distinctive granular model produces a more consistent risk profile for individual risks, schedules and portfolios. Risk management insights are demonstrated through usage of several example analyses.
    Cary Cover
    Account Director, EQECAT


    Case Study: Facultative & Working Layer Treaty Evaluation

    Demonstrate the inputs and outputs of reinsurance and how the model works.
    John Pedorella
    Account Director, EQECAT
    12:30 pm - 1:30 pm Lunch
    1:30 pm - 2:30 pm Panel Discussion: BI & CBI? What Makes it so Complex? A Legal, Financial, Actuarial and Modeling Perspective

    This session will survey the complex nature of Business Interruption coverage from a claims and actuarial perspective before discussing what makes it one of the most complex coverages to model.
    Moderator:
    Meyer Mandel
    VP, EQECAT

    Howard Kunst
    Chief Actuary,
    CoreLogic

    Javier Delgado
    Merlin Law Group

    David Mahoney
    Forensic Accounting Unit Manager, Zurich North America

    2:30 pm - 3:15 pm California Earthquake Authority and EQECAT: Today, Tomorrow and Someday

    The California Earthquake Authority (CEA) and EQECAT have worked together since 1996. This session will offer a case study using EQECAT's California Earthquake Model to show examples of how the CEA uses our model today, how they are looking to change tomorrow, and dreams of how someday we hope for a revelation in earthquake insurance, mitigation, and preparedness.
    Maiclaire Bolton
    Product Manager, EQECAT

    Shawna Ackerman
    Chief Actuary,
    California Earthquake Authority
    3:15 pm - 3:45 pm Networking Break
    3:45 pm - 4:30 pm Model Understanding: US Severe Convective Storm

    Small damage footprints and a low spatial frequency make modeling SCS a complex challenge. EQECAT's granular modeling grids are at the core of a model that well represents the risk at individual locations and portfolios of many locations, enabling more confident risk management. This session discusses the construction of the model and discussion of key model metrics including location risk curves and risk curves for portfolios of risk.
    John Mangano
    EQECAT

    Cary Cover
    Account Director, EQECAT
    Earthquake Modeling: It's in the Details

    EQECAT has taken advances to eliminate biases that are inherent to Cat modeling in order to provide a stable platform that produces results with less uncertainty to help our clients to make better risk management decisions with both control and transparent understanding. This session will focus on the key areas of hazard and financial modeling where we are pushing science forward to reduce biases and lessen uncertainty.
    Maiclaire Bolton
    Product Manager, EQECAT


    Mortgage Impairment Risk from Natural Catastrophes

    Property damage resulting from natural catastrophes can have severe economic repercussions. This session will investigate the potential impacts to financial institutions from mortgage impairment resultant from natural catastrophes.
    Kent David
    VP, EQECAT

    Tim Trainor
    Practice Leader, EQECAT
    4:30 pm - 5:15 pm The Next Super Cat
    An EQECAT technologist opines on what the next "Black Swan" could look like.
    Mahmoud Khater
    CTO, EQECAT

    5:15 pm - 5:30 pm Concluding Remarks Paul Little
    President, EQECAT
    5:30 pm Conference Wrap Up

    Agenda is subject to change.

    Learn more about the 2014 Cat Modeling Conference.