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Wed, Jun 12


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Model Miss or Misusing Models

Catastrophes can occur in consecutive years.  Can we do a better job of providing consistent capacity and stabilizing coverage for insureds?

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Model Miss or Misusing Models
Model Miss or Misusing Models

Time & Location

Jun 12, 2024, 11:00 AM – 12:00 PM EDT

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About the Event

Large hurricane losses from 2017 to 2022, triggered capital disruption across CAT exposed regions raising prices sharply.  Although the market stabilized in late 2023, our industry appeared to be caught off-guard by the string of large losses – despite knowing this was possible all along.

Cat models can be valuable tools by reflecting the naturally occurring uncertainties but they can’t predict the future or include human sources of claims inflation.

Our panel includes senior industry leaders who will share perspectives from their regulatory, group risk function, reinsurance and insurance experiences as they discuss ways our industry might stabilize coverage for insureds in future cycles.

Get a cross-industry view from our distinguished panel:

  • David Altmaier, The Southern Group-Florida (FL Insurance Commissioner, 2016 to 2022)
  • Ken Kurtzman, VP of Risk & Reinsurance at Next Insurance (CRO at Platinum Re, 2006 to 2015)
  • Kathleen Monaghan, Sr. Managing Director at Aon Capital Advisory
  • Nancy Watkins, Principal & Consulting Actuary, P&C Practice at Milliman

Discussions led by David Keeton, Chief Pricing / Modelling Officer at Avondale Insurance Associates. 

Can our industry break this vicious cycle?

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