Posts Tagged ‘Weatherhead (Mark)’



May 14th, 2019

Flood Risk Challenges in Asia

Posted at 1:00 AM ET

mark-weatherhead-finalFlood is one of the most significant natural catastrophe perils, globally accounting for nearly 40 percent of all catastrophe events. In 2017, floods accounted for nearly half of the natural catastrophe events and 65 percent of natural catastrophe deaths in the world - two thirds of the deaths occurring in Asia. According to the Lloyd’s City Risk Index, which examines flood risk as a percentage of GDP, nine of the top 10 cities at risk are located in Asia, according to Mark Weatherhead, Head of Model Development - International, Guy Carpenter.

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March 13th, 2019

GC Capital Ideas Covers Modeling Developments

Posted at 1:00 AM ET

GC Capital Ideas presents a review of our recent stories covering modeling for various perils.

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October 31st, 2018

Flood Risk Challenges in Asia - GC@SIRC Commentary

Posted at 9:00 PM ET

mark-weatherhead-finalMark Weatherhead, Head of Model Development, International

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  • Asia is particularly prone to flooding because of three factors: hydrology, population density and mitigation rate
  • To improve loss assessments, hazard data should be combined with other data types, such as probabilistic event sets and defense information
  • Guy Carpenter has made a significant investment in data and technology to help our clients improve their understanding of flood risk

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August 24th, 2017

Cat Modelling Challenges in Europe: Part IV

Posted at 1:00 AM ET

weatherhead_mark-sm3Mark Weatherhead, Head of Model Development - International

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Flood poses particular challenges for modelling. In particular, the hydraulic modelling of flood extents requires a high-quality digital terrain model that has been processed specifically for the task by removing features like bridges.

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August 23rd, 2017

Cat Modelling Challenges in Europe: Part III

Posted at 1:00 AM ET

weatherhead_mark-sm2Mark Weatherhead, Head of Model Development - International

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There are two main lines of development. First, (re)insurers need to gain a deeper understanding of how the existing commercial vendor models perform for their book of business, how the models can be best modified or customized to better reflect their own loss history, and how the models compare to each other. Second, (re)insurers need to continue to address gaps in knowledge that are not adequately covered by existing models.

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August 22nd, 2017

Cat Modelling Challenges in Europe: Part II

Posted at 1:00 AM ET

weatherhead_mark-sm1Mark Weatherhead, Head of Model Development - International

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While there is still uncertainty regarding the degree of impact from climate change, the likely consequences are subject to modelling. Increasing global temperatures are projected to impact the mid-latitude and polar regions more than the tropics.

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August 21st, 2017

Cat Modelling Challenges in Europe: Part I

Posted at 1:00 AM ET

weatherhead_mark-sm

Mark Weatherhead, Head of Model Development - International

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2016 marked the 60th year of the Monte Carlo Rendez-Vous. Since the first event in 1957 the insurance world has changed significantly, with economic and insured losses from natural catastrophes such as floods and hurricanes increasing dramatically.

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June 6th, 2017

The Challenge in Applying Models Effectively

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts about how (re)insurers are utilizing model applications to improve their understanding of their risk exposure.

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March 16th, 2017

Cat Modelling Challenges in Europe: Part IV

Posted at 1:00 AM ET

weatherhead_mark-sm3Mark Weatherhead, Head of Model Development - International

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Flood poses particular challenges for modelling. In particular, the hydraulic modelling of flood extents requires a high-quality digital terrain model that has been processed specifically for the task by removing features like bridges.

Continue reading…