2018 AIR Casualty-Cyber Seminar

The increasing interconnectedness of the global economy is creating accumulations of exposures for (re)insurers who cover cyber and liability risks that can lead to unexpected and under-reserved insurance losses. A lack of data and in-house analytics is threatening to leave underwriters and portfolio managers bereft of the insights needed to understand and prepare for these emerging risks. Learn how your organization can overcome these challenges and ensure profitable growth for these lines of business.

Register now  Agenda

Join us for the 2018 AIR Casualty-Cyber Seminar where AIR and industry experts will explore several topics including:

What are the drivers of casualty and cyber losses and how are complex supply chains creating new forms of systemic risk?

What are current best practices for identifying casualty and cyber accumulations and informing risk management decisions?

In today’s environment, how can you best manage catastrophic cyber and casualty risks?

@ 810 Seventh Avenue

New York, New York

February 27, 2018

$155 registration fee includes breakfast, lunch and a post event reception

Keynote: AIR's Vision for Managing Interconnected Risks

We open with AIR’s vision for moving beyond traditional property catastrophe modeling into a new class of risks defined by the interconnectedness of a globalized society. While insurers’ requirements have remained consistent, a new generation of analytics must be developed to properly understand the nature of these new risks. Cutting-edge research on business has enabled us to develop new tools for managing casualty, supply chain, and cyber risk.

Session Details

The Cyber Data Challenge

Cyber insurers find themselves with little data about the vulnerability of their insureds. As traditional data collection methods that are reliant on people and process have become unreliable, the cyber data problem has now become a technology problem. Learn about the drivers of cyber risk, the data required to the manage this risk, and how AIR is partnering with industry-leading technology and data providers to help insurers overcome their data challenges.

Understanding the Impact and Likelihood of Systemic Cyber Events

The adoption of new technologies has transformed society, but significant systemic risk has been created. If a major point of aggregation experiences a downtime event, what impact would that have on businesses and the insurance industry? Learn how systemic cyber incidents could occur and how cyber insurers can quantify their likelihood and impact. Details of the new cyber scenario developed by AIR and Lloyd’s of London will also be discussed.

Quantifying Emerging Casualty Risks

Historically, accounting for the risk posed by unknown future risks has been nearly impossible. However, new tools are being developed to help companies understand, quantify, and manage this risk in a variety of new ways. This session outlines how best to think about the risk posed by extreme liability events and explains how new tools can help organizations assess their exposure to these potential catastrophes.

Leveraging Data to Inform Casualty Risk Management

Industry claims data on past extreme casualty events can play a key role in helping us model forward-looking events and understand how likely similar events are to recur. In this session, we will provide an overview of how proprietary Advisen data—spanning more than 30 years and covering more than 400,000 events—was used to develop Arium’s risk scenarios as well as how this type of data is being used to create the industry’s first probabilistic model for casualty risks.

Industry Panel Discussions

Cyber Accumulations: Opportunity or Threat?

Cyber premiums could triple by the year 2020, clearly making cyber a growth opportunity for the insurance industry—but at what risk? Threat vectors are evolving at an unprecedented pace, challenging an industry that is unsure of how to manage cyber risk. In this session, hear from a panel of cybersecurity and cyber insurance experts as they discuss the challenges facing the industry and how to overcome them.

Emerging Liability Risks: How Far Out Do You Need to See?

Anticipating the nature of the next casualty catastrophe remains a major challenge facing the industry. This panel will discuss issues involved in trying to prepare for the future, including:

  • How casualty risk is managed today
  • What types of events might happen again
  • Pros and cons of waiting for early warning signs
  • Historical warning signs that were missed
  • How emotion and media coverage can drive losses

Guest Speakers

 

Jim
Jim Blinn

Executive Vice President, Client Solutions | Advisen
Jim Blinn is EVP, Client Solutions at Advisen and has more than 30 years of experience in the property casualty insurance industry. He is responsible for providing technical pre- and post-sale services surrounding the products that Advisen offers to the commercial specialty property/casualty insurance industry. He also serves as the Executive Editor of the RIMS® Benchmark Survey.

Frank
Frank J. Cilluffo

Associate Vice President & Director, Center for Cyber and Homeland Security | The George Washington University
Frank J. Cilluffo is an Associate Vice President at The George Washington University where he leads a number of national security and cyber security policy and research initiatives. Frank Cilluffo directs the Center for Cyber and Homeland Security, is co-director of GW’s Cyber Center for National and Economic Security and along with the School of Business, launched the university’s World Executive MBA in Cybersecurity program.

Fred
Fred Eslami

Associate Director, Alternative Risk Transfer Group | A.M. Best
Fred Eslami joined A.M. Best in June 2008 and is an Associate Director with the Alternative Risk Transfer group, rating domestic and off-shore captive insurance companies. Fred is also leads A.M. Best’s Cyber Security initiative for both property casualty and life/health insurers.

Brad
Brad Gow

Global Cyber Product Leader | Sompo International
Brad Gow is the Global Cyber Product Leader at Sompo International, where he provides oversight of the company’s cyber-related product development, underwriting operations, services procurement and overall strategic direction in all geographies.

Kara
Jim Maher

Chief Risk Officer | Renaissance Reinsurance U.S. Inc
Jim Maher serves as Chief Risk Officer for Renaissance Reinsurance U.S. Inc. Prior to joining RenaissanceRe, Mr. Maher served as Chief Risk Officer for Platinum Underwriters Reinsurance Inc. where he was responsible for Risk and Investments.

Kara
Kara Owens, CPCU, RPLU, ARe

Global Head of Cyber Risk | TransRe
Kara Owens is the Global Head of Cyber Risk for TransRe. In this role, she is responsible for underwriting, risk management, communication and new product development across the Company. Prior to taking on this position, Kara was a member of TransRe’s U.S. Specialty Casualty treaty underwriting team.

Jacob
Jacob Olcott

Vice President | BitSight
Jacob Olcott is Vice President of Strategic Partnerships for BitSight, where he oversees the company’s cyber insurance and government initiatives. Prior to BitSight, he advised Fortune 1000 executives on cybersecurity governance and technology issues.

Prashant
Prashant Pai

Vice President, Cyber Strategy | Verisk Analytics Inc.
Prashant Pai is Vice President, Cyber Strategy at Verisk Analytics Inc. He has primary responsibility for cyber risk product strategy across all of Verisk Analytics industry verticals of insurance, energy, financial services, government and risk management.

Anthony
Anthony Shapella

Managing Director and Risk Officer, Liability & Financial Lines | AIG
Anthony Shapella serves as the risk officer for Liability and Financial Lines (LFL) at AIG. He leads the design and implementation of tools to identify, assess, measure, manage and monitor risks in the LFL business.

Shannon
Shannon Totten, CPCU

Excess Casualty Practice Leader | Sompo International Insurance
Shannon Totten is the Excess Casualty Practice Leader for Sompo International Insurance in Bermuda. With over 20 years of experience, she currently manages a team of underwriters focused on Fortune 1000 complex casualty risk profiles. She previously worked for AIG as an excess casualty underwriter in Bermuda as well as New York. Ms. Shannon is the current Chairperson of the Bermuda Insurance Institute (BII) and a board member for St. Joseph’s University, Haub School of Business, Academy of Risk Management and Insurance.

Featured Speakers

 

Jay
Jayanta Guin, Ph.D.

EVP, Chief Research Officer
Dr. Jayanta Guin is is AIR’s Executive Vice President and Chief Research Officer, responsible for strategic management of the AIR Research and Modeling group.

Scott
Scott Stransky

Assistant Vice President and Principal Scientist
Scott Stransky leads the Statistics and Applied Mathematics group, which is responsible for cyber risk modeling, supply chain modeling, life and health modeling, and stochastic catalog generation for various wind perils.

Robin
Robin Wilkinson

Vice President and Managing Director, Casualty Analytics
Robin Wilkinson has more than 20 years’ experience in legal risk management and has been developing risk models for the aviation industry, legal compliance, early predictive models, portfolio accumulation tools and policy models.

Florian
Florian Loecker

Director, Casualty Analytics
Florian Loecker is a Director of Casualty Analytics for AIR Worldwide. He was previously the Chief Technology Officer at Arium.


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