Swiss Re Ag · SIX:SREN

Swiss Re — Catastrophe Knowledge Exchange July 2016

4 slides from Swiss Re's conference presentation, July 2016

1. Slide 1: Event definition: Do wordings match models?

   Event definition Do wordings match models? Caspar Honegger, Head Flood, Swiss Re Rick Thomas, Managing Director, Willis Towers Watson

2. Slide 2: Where we are today …

   Where we are today … • Currently used loss occurrence clauses /event definitions have provided high contract and coverage certainty in the past for the industry, based on the principle of 'common cause'. • In some areas in Europe and for some perils, aggregation over time rather than a common cause

3. Slide 3: Discussion

   Discussion • How do the various Cat models represent the often complex reality of event definitions? • Which perils or combinations of perils present the most issues for developers and users? • Which inconsistencies between models and the reality of event definitions will lead to the most serious is

4. Slide 4: Legal notice

   Legal notice ©2016 Swiss Re. All rights reserved. You are not permitted to create any modifications or derivative works of this presentation or to use it for commercial or other public purposes without the prior written permission of Swiss Re. The information and opinions contained in the presentati

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