Analysis of activity vulnerability to risks of nature. Estimating Lossesmgradmin
Round table: Analysis of activity vulnerability to risks of nature. Estimating Losses
The catastrophe models used in the insurance sector estimate losses based on the generation of potential events and the characteristics of the insured risks. The type of activity of each one of them is decisive in the application of the suppositions of vulnerability. Therefore, this round table will present the considerations which the models make in accordance with the type of risk, as well as the adjustment of these to the reality observed in historical phenomena.
Ms. Josefina Rodríguez
Head of Catastrophic Risks Department, MAPFRE GLOBAL RISKS
With 17 years’ professional experience related to the Mexican and Spanish insurance sectors, she has been working for the MAPFRE GROUP since 2011.
- Head of the Catastrophe Risks Department of MAPFRE GLOBAL RISKS.
- PhD in Mathematics from the University of Valencia, Spain.
Thesis: Optimum Reinsurance: A Bayesian Perspective.
- Author of the book entitled Optimización Económica del Reaseguro Cedido. Modelos de Decisión 2009 (Economic Optimisation of Outward Reinsurance. Decision-Making Models 2009). Published by the MAPFRE FOUNDATION.
- Member of the Scientific Committee of ASTIN. Mexico Colloquia 2012.
- Both professionally and academically, she has extensive experience in the application of statistical models in insurance.
Mr. Juan England
Managing Director, WILLIS Re
Juan is responsible for Service Offering within the Willis Re Latin America and Caribbean broking business unit. He assumed this role in July 2014 and is based in London. His specific responsibilities include overseeing the service offering strategy, enhancing and developing the team’s technical and client advisory capabilities, and ensuring that best practices from other Willis Re teams is learned and directed to the Latin America and Caribbean region. Juan also joined the team’s Management Executive supporting the operational and management responsibilities.
Previously he was joint-head of Analytics for Willis Re, a role he held since July 2012. His specific responsibilities included chairing Willis Re’s International and Specialty Analytics Forum (a role he still maintains) and working closely with Willis Re’s CEO on strategy, financial planning and implementation of the analytics offering.
Prior to this, Juan was Deputy Managing Director of the Catastrophe Management team where he was responsible for over 100 catastrophe analysts and the operational and valued added delivery to Willis Re’s non-U.S. domiciled clients and prospects. Prior to this role, Juan served as Executive Director and Divisional Director between 2008 and 2010, leading catastrophe modeling analytics for Willis Re’s Latin America and Caribbean division. He joined Willis Re as a catastrophe analyst in 2006.
Juan has a Ph.D. in Structural Vulnerability from the University of Bristol, U.K., and B.Sc. in Civil Engineering with emphasis in earthquake risk assessment from the University of Los Andes in Bogota, Colombia.
Mr. Derek Volpers
Senior Treaty Underwriter, SWISS Re
Senior Underwriter for Property reinsurance with experience (15 years) in USA, Netherlands, Latin America, Spain, Portugal and Italy. Experience with portfolio steering, detailed portfolio analysis and risk management functions (internal audits, accumulation control).
Previously, Mr. Volpers worked for 3 years (2007-2010) at the Swiss Re underwriting and management centre for property products (SR Property Centre). His responsibilities focussed on the control and management of portfolios, support in the development of probabilistic models, technical quality control analyses, as well as internal audits of the different international entities in order to improve the technical quality of the group’s underwriting.
In 1999, after having completed his studies in economics at the University of Basel, Switzerland, Mr. Volpers started work at Rhein Ruckversicherung/Alea Group (previously Baloise). His career began in the reconveyance department as an underwriter. There, he learnt the bases of modelling, catastrophe accumulation and the recovery and handling of catastrophic events subject to reconveyance protections.
In 2006, he joined the reinsurance company Converium (formerly Zurich, now Scor) as Senior Property Treaty Underwriter for the American market, where he gained further knowledge of modelling. He remained in that post until the end of 2007.
Today, with over 15 years in the reinsurance sector, he has extensive experience in property insurance, as well as a great deal of knowledge in catastrophe modelling and accumulation.
Mr. Michael Spranger
ERN. Representative in Europe
Michael Spranger is an Earthquake Advisor with more than 19 years of experience in the reinsurance industry, having worked with Munich RE, GenRe, Converium and AON Benfield both in Asia and Europe.
His main focus is earthquake catastrophe modeling; however he has also gained significant experience cat- and non-cat pricing and reserving. Michael holds a Ph.D. in Geophysics from Kiel University (Germany) and has been actively involved in development of National Catastrophe Pool solutions in Asia.
In the last few years, he has undertaken multiple on-site damage inspection surveys in the aftermath of devastating earthquakes like the 2008 Wenchuan earthquake; the 2006 Yogyakarta; the Padang 2007 earthquake. In 2010 he joined the RMS reconnaissance team in Chile for an extensive ten day damage inspection visit just one week after the M8.8 mega-earthquake. In 2011, Michael visiting areas affected by the 11 March 2011 M9.0 Tohuku mega-earthquake and tsunami in Japan.