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Verisk Insurance Solutions | ISO AIR Worldwide Xactware
© Verisk Analytics, Inc. All rights reserved.
OPENING – PCS 2016 Year in Review
Ted Gregory, Property Claim Services, Verisk Analytics
Working Together on Colorado Catastrophes
Marguerite Salazar, Colorado Insurance Commissioner
Global Catastrophes and Climate: Discussion from a Reinsurer Perspective
Thomas Leidell, Tokio Millennium Re Ltd.
Forecasting and Nowcasting Major Earthquakes
Dr. John Rundle, University of California, Davis
Snow Loads and Ice Dams: An Engineering Perspective
Michael Spensieri, Donan Engineering, LLC
Monday, May 1, 2017
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
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Atlantic Basin Seasonal Hurricane Prediction and the Outlook for the 2017
Hurricane Season
Dr. Phil Klotzbach, Department of Atmospheric Science, Colorado State University
Emerging Claims Trends from a Verisk Perspective
Joseph H. Louwagie, Verisk Insurance Solutions
Wildfires: An Expanding Threat?
Dr. Arindam Samanta, Verisk Analytics
Catastrophe Fraud Awareness
Robert J. Bodoni, MetLife
Monday, May 1, 2017
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
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Working Catastrophes Before They Occur: A FEMA Perspective
Nancy Dragani, Federal Emergency Management Agency (FEMA)
Catastrophe Claims Management from an Independent Claims Adjuster Perspective
Paul Tracey, Pilot Catastrophe Services
Catastrophe Preparedness: Are You and Your Team Members Really Prepared and
Empowered?
Robert Johnson, Horace Mann
Navigating Technology’s Impact on Auto Catastrophes
Scott Snapp, Progressive Insurance
Tuesday, May 2, 2017
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Internet of Things (IoT): Data-Driven Claims Decisions
Sandra Maples, Verisk Insurance Solutions
Flood Damages to Property
Charles C. Rutter, Forensic Consulting Group
PCS: Future Directions
Ted Gregory, Property Claim Services
Tuesday, May 2, 2017
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
© Verisk Analytics, Inc. All rights reserved.
Thank you to our sponsors!
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
© Verisk Analytics, Inc. All rights reserved.
PCS Cat Activity (2016)
7
2016
10 Y
ear
Avera
ge
Thunderstorms w/ Significant Hail Drive 2016 Activity
``
US – 43 events
$21.6B in insured loss
Canada – 9 events
$5B in insured loss
Turkey – 1 event – ₺510M
US – 32 events
Canada – 6 events
$19.2B US & $1.8B CA losses
43 US & CA 2015 cats
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2016 Significant Events
Hurricanes Hermine and Matthew
First PCS hurricane events since 2012
$2.8 Billion combined
Over 500k claims
Verisk Weather Solutions analytics & graphics
8
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2016 Significant Events
Fort McMurray Wildfire
$3.98 Billion (CAD)
Nearly 35K claims
Largest PCS wildfire event
80% of 2016 CAN losses
9
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2016 Significant Events
Wind & thunderstorms – Cats 1621 and 1625
Hail, hail and more hail
Texas
$4.7 Billion (US)
Over 540K claims
Largest US 2016 PCS event
was Cat 1625
10
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2016 Colorado Significant Events
Wind & thunderstorms – Cat 1642
Just over $1 Billion
Over 100K claims
Largest single PCS
event for Colorado
Colorado included in
seven 2016 PCS cats
Nearly $1.5B for all events in Colorado
11
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PCS Turkey
Fire, Explosions, Riots, Civil Disorder
Partnership with IUC
Cresta Zones 14 & 15
Nearly 20K claims
Local currency - ₺510M
12
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PCS Global Marine and Energy
13
Energy Ocean Marine
• Industrial accident
• SRCC/terror/war on land
• Construction accident
• Contractor accident
• Exploration and production
accidents
• Other man-made events
• Collision (involving vessels)
• ATL/CTL
• Fire/explosion
• Hull damage
• Retention, irretrievably deprived
• Machinery damage/failure
• SRCC/terror/war on land
• Piracy/war
• Salvage
• Other man-made
• For events over $250 mn • PC+BI+liabs • Offshore and non-elemental only • Event types above not exhaustive
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PCS Process Improvements 2016 - 2017
Online Survey Portal
Data Security
Link to secure database to input data
Streamlined process
PCS Post-
Event
Surveys
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
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PCS Process Improvements 2016 - 2017
Daily Severe Weather Summary
Proprietary weather analysis daily
Verisk Weather Solutions Team
Content directly aligns w/new PCS bulletins
Bulletins and
Reports
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
© Verisk Analytics, Inc. All rights reserved.
• Provide data and analytics for enterprise-wide weather risk management
• Integration with other Verisk business units: • PCS • ISO • Xactware • Geomni
Verisk Weather Solutions
16
Respond® Benchmark®
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Yesterday’s Severe Weather
17
Source: NOAA/NWS Storm Prediction Center
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4/28/17 – 4/30/17 Spotter Reports
18
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Today’s Weather Forecast
19
Source: DOC/NOAA/NWS/NCEP Weather Prediction Center
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
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Weather Systems
20
Source: DOC/NOAA/NWS/NCEP Weather Prediction Center
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
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Flash Flooding Potential
21
Source: NOAA/NWS/NCEP Weather Prediction Center
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
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Severe Weather Outlook
22
Source: NOAA/NWS Storm Prediction Center
Verisk Insurance Solutions | ISO AIR Worldwide Xactware
© Verisk Analytics, Inc. All rights reserved.
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