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The Future of Insurance: Climate Change 2022

Join AXIS Capital and Gies College of Business at the University of Illinois for a webinar series on climate change and the insurance industry. To register, you must have a Zoom account.

April 26, 2022, 10:30 a.m. CT
Facing Risk Reality: Evolution of Reinsurance in a Changing Climate

Insured losses from natural disasters are increasing, and (re)insurers are responding to this reality. Insurance focuses on managing risk and its financial consequences yet increasing uncertainty with climate volatility makes that a challenge. Increasing climate risk presents a less predictable future – one that requires insight, innovation, and creative solutions to help organizations build resiliency. This webinar will discuss the climate risk landscape and approaches that can help organizations effectively transfer the risk and manage it.

Moderated by Lynne McChristian, Gies College of Business, University of Illinois, with panelists Roman Romeo, Head of Property Bermuda, North America, AXIS Re; Randy Fuller, Managing Director, Guy Carpenter; and Armin Tabandeh, Department of Civil & Environmental Engineering, University of Illinois.

May 12, 2022, 10:30 a.m. CT
Modeling & Climate Risk – Evolving Our Models for Disaster Risk

Catastrophe models were introduced more than 40 years ago, and technological advances keep the models evolving rapidly. There are models to assess catastrophic events, hazard/intensity, vulnerability, and financial risks – with each making different assumptions. The complexities of each are creating a demand for more transparent and flexible models. Reinsurers and academics are fully engaged in the process. This webinar will look at recent research toward improving catastrophe models and what may lie ahead.

Moderated by Lynne McChristian, Gies College of Business, University of Illinois, with panelists James Morrison, Senior Cat Modeling Analyst, AXIS Re; and Ryan Sriver, Department of Atmospheric Sciences, University of Illinois.