The Exposure Management team within Franchise Performance, is responsible for understanding and managing market aggregation of risks, and produce a number of tools and services to help the market.
Posted by Trevor Maynard on Friday, October 2nd, 2009 at 11:24 am
According to their press release on 23 September “Students studying risk management and natural hazards-related subjects will soon benefit from scholarships to be offered by the Caribbean Catastrophe Risk Insurance Facility (CCRIF) ”
The CCRIF is the Caribbean insurance pool which pays out when certain parametric earthquake or hurricane indices reach a threshold. The pool provides [...]
Tags: Climate change, Emerging risks, Hurricanes, Natural catastrophes
Posted by Garry Booth on Wednesday, July 8th, 2009 at 1:23 pm
One of the world’s most iconic structures, the Sears Tower in Chicago, is to be renamed Willis Tower. The Lloyd’s insurance broker is moving into the 1,450ft high, 110 story building owned by 233 S. Wacker Drive LLC this summer. Willis will eventually occupy more than 140,000 sq ft over multiple floors.
Not only is Willis [...]
Tags: Climate change
Posted by Trevor Maynard on Wednesday, February 4th, 2009 at 5:19 pm
I’ve recently become aware of a worrying paper by Robert Repetto called The Climate Crisis and the Adaptation Myth (pdf).
Adaptation is the term used in climate-change circles to refer to actions taken to make infrastructure and processes more resistant and resilient to climate related harm. Resistance means that whatever the hazard, it will be kept at [...]
Tags: Adaptation, Climate change
Posted by Trevor Maynard on Wednesday, November 12th, 2008 at 2:55 pm
Cholera is a major cause of death in the developing world. According to an article from the BBC (”Satellites map cholera outbreaks” 10 November) scientists are now able to predict cholera outbreaks because they appear to follow seasonal increases in sea temperature.
Tags: Cholera, Climate change
Posted by Trevor Maynard on Tuesday, October 14th, 2008 at 1:23 pm
Lloyd’s 360 risk project’s latest report on climate change is all about “adaptation”. For this report we teamed up with Risk Management Solutions, the catastrophe modelling company. We looked at how much a 30cm sea level rise will increase flood risk for high risk coastal properties around the world and then considered how they can [...]
Tags: Adaptation, Climate change
Posted by Trevor Maynard on Wednesday, August 1st, 2007 at 5:16 pm
There have been two interesting publications this week on climate change which should cause concern to the insurance industry.
The first can be found at this link by Jim Hanson who heads NASA’s Goddard Institute for Space Studies in New York comments on the increasing risk of rapid ice sheet collapse leading to large increase in [...]
Tags: Climate change, Research
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