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Cat model Interoperability and reinsurance - A ModEx Webinar

Event - 13.02.2019, 14.00 GMT

Join this webinar to learn about how ModEx improves interoperability with open data and reinsurance capabilities

WATCH THE WEBINAR RECORDING HERE
OVERVIEW
SPEAKER INFORMATION

The Oasis Loss Modelling Framework is an industry initiative that provides a step change in catastrophe risk model interoperability. The functionality scope of the Oasis financial model was recently improved with the release of reinsurance capabilities, delivering modelling functionality for reinsurance contracts. In addition, a project led by Simplitium to establish an Oasis-focused exposure input format (the Open Exposure Data format - OED) has brought further transparency and robustness to the Oasis framework. Both of these developments have now been incorporated in our latest version of ModEx: an Oasis based, multi-vendor, cat modelling platform.

In this webinar, Dr. Matthew Jones and Aiste Kalinauskaite will introduce OED. They will discuss how it provides a standardisation in the industry which allows model vendors to unify around one Oasis-based exposure format, making the use of multiple vendors easier for (re)insurers. The webinar will also look at the implementation of reinsurance in ModEx via OED, allowing the support of facultative, quota share, surplus share, per risk excess of loss and catastrophe excess of loss reinsurance contracts. Finally, the webinar will discuss the future for interoperability and what we, as an industry, can do to improve our collaboration, knowledge sharing and use of technology for the benefit of the entire community.

modex-admin-system_Agenda:

  • An introduction to ModEx and Oasis
  • Open Exposure Data
  • Reinsurance in ModEx and Oasis
  • The future for interoperability  

Date: 13 February 

Time: 14.00 - 15.00 (GMT)

 

Aiste (closeup)

Aiste Kalinauskaite is the lead insurance product developer at Simplitium. She is also the Director at City Cat Consulting who provide expertise in catastrophe modelling and help to bridge the gap between exposure management and IT departments.

Since taking a module at university about SQL databases, Aiste has been passionate about the technology and its capabilities. After spending nearly a decade in (re)insurance industry, Aiste has developed expertise in catastrophe modelling and exposure management. At Zurich Insurance Group, she worked on automation and streamlining of the catastrophe modelling process, which eventually led to work on the global exposure database project. While at Guy Carpenter, she worked for clients including the Lloyd’s Syndicates and global insurance companies, assessing their exposures and implementing their regulatory reporting. Her motto is  to leave everything better than how you found it.

Aiste holds degree in Econometrics from Vilnius University and a BSc (Hons) in Applied Statistics from University of Plymouth. After graduation, she collaborated with her lecturers to publish an article in Significance magazine on how to bring statistics into communities.


Matt Jones (Full)

Matthew Jones is the Head of Insurance Product at Simplitium, leading the product development of ModEx - the multi-vendor catastrophe risk modelling platform for the (re)insurance industry.

Before joining Simplitium, Matthew founded Cat Risk Intelligence, a UK based company providing catastrophe risk management consultancy to the (re)insurance industry. Prior to this, Matthew served as Global Head of Catastrophe Management for Zurich Insurance Group, leading the organisational change required to establish a global team with consistent processes to provide catastrophe knowledge, systems, models and services across Zurich’s general insurance lines of business. Matthew worked for Zurich for fourteen years, filling various roles in the actuarial pricing and catastrophe risk management fields. Before this, he was a reinsurance pricing actuary for St Paul Re in London.

Matthew graduated from the UK’s University of Nottingham in 1993 with a degree in Physics. He then completed a PhD in Oceanography and Remote Sensing from University College London, whilst being based at the UK’s National Oceanography Centre in Southampton. He is a Fellow of the UK Institute of Actuaries and a co-author of ‘Natural Catastrophe Risk Management and Modelling: A Practitioner’s guide’.

WATCH THE WEBINAR RECORDING HERE