Join experts from AIR and across the insurance industry at the 2019 AIR Cyber-Casualty Seminar to learn about the greatest challenges the industry faces at the intersection of cyber and casualty/liability risk, and how your organization can better understand these risks so that you can capitalize on opportunities for future growth.

Register now!

$255 registration fee includes breakfast, lunch and a post event reception

When?

February 12, 2019

Where?

The Westin New York, Times Square

270 West 43rd Street, New York, NY

Join us for a full day of presentations, case studies, and thought leadership panels on several topics, including:

Cyber guy in laptop

Silent Cyber*

What implications does the threat of silent cyber have on traditional property and liability policies, as well as other insurance lines of business?

*i.e., situations where potential cyber exposures are neither explicitly included or excluded by an insurance policy

Cloud error icon

Security Breach and Cloud Service Provider Downtime

How are these causes of cyber loss affecting the insurance industry and how can probabilistic modeling help (re)insurers get ahead of the pack?

Supply Chain icon

Liability Risk in your Supply Chain

In today’s interconnected global economies, how can stochastic simulations help your organization prepare for the full range of possible casualty events?

Seminar Agenda

For detailed session descriptions, see below.


Register now!
$255 registration fee includes breakfast, lunch and a post event reception
 

 

8:00 a.m. – 9:00 a.m.

9:00 a.m. – 9:10 a.m.

9:10 a.m. – 9:30 a.m.

9:30 a.m. – 10:30 a.m.

10:30 a.m. – 11:00 a.m.

11:00 a.m. – 11:45 a.m.

11:45 a.m. – 12:30 p.m.

12:30 p.m. – 1:30 p.m.

1:30 p.m. – 2:30 p.m.

2:30 p.m. – 3:15 p.m.

3:15 p.m. – 3:45 p.m.

3:45 p.m. – 4:30 p.m.

4:30 p.m. – 5:30 p.m.

5:30 p.m. – 6:30 p.m.

 

 

Session Descriptions

Keynote: Using Probabilistic Modeling to Understand Risk

Jayanta Guin, Ph.D., Executive Vice President and Chief Research Officer, AIR Worldwide


Probabilistic models have long been applied to the property insurance space to help insurers contemplate extreme events and large loss scenarios not captured in claims from the past several decades. Recently, these same simulation-based techniques have been applied to the casualty and cyber insurance spaces to provide new ways to understand these risks. Dr. Guin, with more than 20 years of experience in probabilistic risk analysis, will discuss how this new understanding can help shape the future of risk management in both the cyber and casualty markets.

Panel: Innovative Ways to Think About Casualty Risk

Moderator: Barbara Ingraham, Managing Director, Excess and Surplus, ISO
Greg McNulty, FCAS, VP Casualty Catastrophe, SCOR
Adam Troyer, Managing Director, Aon Benfield


With new large liability events often in the news, many companies are seeking new ways to understand their casualty risk. Join our panel of industry experts as they discuss how they assess their portfolios of casualty risk and the current techniques they use for managing this risk. We will also ask the panel to share what they believe the future holds as new tools that make it possible to quantify casualty risk become available.

Advancements in Casualty Modeling and Multi-Line Data Augmentation

Florian Loecker, Director, Casualty Analytics, AIR Worldwide
Robin Wilkinson, Vice President and Managing Director, Casualty Analytics, AIR Worldwide


New tools are being developed to enable risk managers to quantify the liability risk in their clients’ supply chains. Arium is a powerful exposure management application designed to help you evaluate liability accumulations and run casualty scenarios. Originally designed to evaluate individual scenarios based on the limited information available in a cedent’s policies, the next release features significant enhancements, including probabilistic modeling of a wide array of liability events and a portfolio data augmentation tool. This session will also feature a discussion of ongoing areas of research, including the development of forward-looking emerging risk scenarios and potential early warning systems to help identify future risks.

Panel: Trends in Emerging Risks

Moderator: James Kaufmann, Senior Manager, Casualty Analytics, AIR Worldwide
Lucian McMahon, Senior Research Specialist, Insurance Information Institute (III)
Ron Beiderman, CPCU, Vice President, Commercial Lines Coverage Products, ISO
James Blinn, Executive Vice President, Client Solutions, Advisen


Why do some risks result in billions of dollars in losses (such as asbestos or tobacco products) while others “peak” (like toxic mold) or produce (so far) only low levels of loss (such as electromagnetic radiation)? This panel of industry experts will examine the “life cycle” of an emerging risk – from how it emerges, to how it evolves then ultimately impacts the industry. They’ll also share which risks they see emerging and the strategies they use to prepare for and even get ahead of emerging risks.

Silent Cyber: Can You Hear It Now?

Scott Stransky, Assistant Vice President and Director of Emerging Risk Modeling, AIR Worldwide
Robin Wilkinson, Vice President and Managing Director, Casualty Analytics, AIR Worldwide


Silent cyber, or the potential to have cyber exposures in insurance policies where cyber may or may not be covered, presents additional challenges for (re)insurers in managing cyber risk. The threat of non-affirmative cyber looms across all lines of business, from property to general liability, errors and omissions (E&O), directors and officers (D&O), and other lines, with the possibilities that in certain instances, multiple policies could all be exposed to silent cyber claims from the same incident. This session will discuss current trends with respect to silent cyber and describe what actions you can take to best prepare your organization to succeed.

Leveraging ARC: In Conversation with Capsicum Re

Scott Stransky, Assistant Vice President and Director of Emerging Risk Modeling, AIR Worldwide
Justyna Pikinska, Actuary, Capsicum Re


ARC (Analytics of Risk from Cyber) is AIR’s cyber risk modeling platform that can be used to significantly inform (re)insurers’ ability to underwrite, price, manage, and transfer cyber risk. In this discussion, AIR’s AVP and Director of Emerging Risk will provide an overview of ARC, followed by a conversation with global reinsurance broker and AIR cyber client and development partner, Capsicum Re. You’ll hear how Capsicum Re is leveraging ARC and AIR’s new probabilistic cyber model to help their clients better understand both cyber exposure and portfolio loss potential, as well as hear about how these organizations are collaborating to enhance the insurance industry’s modeling approach to silent cyber.

Cyber Underwriting – Seizing the Opportunity

Mike McGlone, Director, Cyber Underwriting, Verisk
Chad Williams, Director, Cyber Strategy, Verisk
Ayesha West, Vice President, National Cyber Practice, Everest Insurance
Rob Savitsky, Product Marketing Manager, AIR Worldwide


Demand for cyber insurance grew faster than all other lines of business in 2018, and rapid growth is projected to continue, with the total U.S. commercial cyber liability market forecast to grow to more than USD 6.2 billion by 2020. But with increased competition in the form of new market entrants, a lack of historical cyber incident data, and the ever-changing nature of cyber risk, underwriting and pricing cyber risk is highly challenging to do effectively. In this session, cyber insurance experts will discuss the factors to consider when evaluating and writing cyber and describe how Verisk’s forthcoming cyber underwriting tool provides data-driven insights that can enhance cyber underwriting decisions.

The Future of Cyber Insurance

Prashant Pai, Vice President, Cyber Strategy, Verisk
Garin Pace, Cyber Product Leader, AIG
Tim Marlin, Senior Managing Director, Cyber & Professional Liability, The Hartford
Rohyt Belani, CEO and Co-Founder, Cofense
Shannon Groeber, Executive Vice President, Cyber/E&O Practice Leader, JLT Specialty USA


From the NotPetya ransomware attacks, to Amazon Web Services’ accidental cloud outage, to the recent Marriott data breach of as many as 383 million records, threat vectors are evolving at an unprecedented pace, challenging an industry that needs to quickly come to terms with managing cyber risk. This panel will recap what trends are impacting cyber insurance today and share perspectives on how the industry is evolving and where the next set of opportunities may be.

Featured Speakers

NAME
Ron Beiderman

Vice President, Commercial Lines Coverage Products, ISO

Rohyt Belani
Rohyt Belani

Chief Executive Officer and Co-Founder, Cofense

James Blinn
James Blinn

Executive Vice President, Client Solutions, Advisen

Jay
Jayanta Guin, Ph.D.

Executive Vice President, Chief Research Officer, AIR Worldwide  

Shannon Groeber
Shannon Groeber

Executive Vice President, Cyber/E&O Practice Leader, JLT Specialty USA  

Barbara Ingraham
Barbara Ingraham

Managing Director, Excess and Surplus, ISO

Florian
Florian Loecker

Director, Casualty Analytics, AIR Worldwide

Tim Marlin
Tim Marlin

Senior Managing Director, Cyber & Professional Liability, The Hartford

Lucian McMahon
Lucian McMahon

Senior Research Specialist, Insurance Information Institute (III)

Greg McNulty
Greg McNulty

Vice President, Casualty Catastrophe, SCOR

Garin Pace
Garin Pace

Cyber Product Leader, AIG

Prashant Pai
Prashant Pai

Vice President, Cyber Strategy, Verisk

Justyna Pikinska
Justyna Pikinska

Actuary, Capsicum Re

Scott
Scott Stransky

Assistant Vice President and Director of Emerging Risk Modeling, AIR Worldwide

Adam Troyer
Adam Troyer

Managing Director, Aon Benfield

Ayesha West
Ayesha West

Vice President, National Cyber Practice, Everest Insurance

Robin
Robin Wilkinson

Vice President and Managing Director, Casualty Analytics, AIR Worldwide

Rob Savitsky
Rob Savitsky

Product Marketing Manager, AIR Worldwide

Register now!

$255 registration fee includes breakfast, lunch and a post event reception


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