Staying Ahead – A Glimpse into Regulatory Community Initiatives – Catastrophe and Climate Risk

The National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners and state regulators to effectively regulate the industry and protect consumers. 

Climate/Natural Catastrophe Risk and Resiliency is, and has been, a key insurance regulatory priority. NAIC’s newly formed CAT modeling Center of Excellence (CAT COE) provides state insurance regulators with the necessary technical expertise, tools, and information to effectively regulate their markets considering increased catastrophe and climate risk pose a threat to lives, property and can lead to insurance marketplace disruption. 

This webinar will provide an overview of CAT COE and various committees/working groups at NAIC relevant to catastrophe and climate risk, risk-based capital, and reinsurance. The goal is to initiate a common dialogue and collaborative opportunities with wider ISCM community on these important topics.

About the Speaker

Shaveta Gupta serves as the Cat Risk and Modeling Advisor at CAT COE for the National Association of Insurance Commissioners (NAIC). Shaveta has over 15 years of experience in the field of Catastrophe Modeling and in-depth knowledge of operationalizing catastrophe models for strategic catastrophe portfolio management, risk appetite framework, rating agency requirements and regulatory guidelines. Prior to joining the CAT COE, she held various leadership positions within the (re) insurance industry. Most notably, Director – CAT Reinsurance Analytics working for AON and as Head of Catastrophe Modeling (Americas) for Zurich Insurance Group.