1 v3 · Robert J. Bodoni, MetLife Monday, May 1, 2017 . Verisk Insurance Solutions | ISO AIR...

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



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



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



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



Thank you to our sponsors!



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



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




Fort McMurray Wildfire

$3.98 Billion (CAD)

Nearly 35K claims

Largest PCS wildfire event

80% of 2016 CAN losses

9




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



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



PCS Turkey

Fire, Explosions, Riots, Civil Disorder

Partnership with IUC

Cresta Zones 14 & 15

Nearly 20K claims

Local currency - ₺510M

12



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



PCS Process Improvements 2016 - 2017

Online Survey Portal

Data Security

Link to secure database to input data

Streamlined process

PCS Post-

Event

Surveys



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



• 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®



Yesterday’s Severe Weather

17

Source: NOAA/NWS Storm Prediction Center



4/28/17 – 4/30/17 Spotter Reports

18



Today’s Weather Forecast

19

Source: DOC/NOAA/NWS/NCEP Weather Prediction Center



Weather Systems

20

Source: DOC/NOAA/NWS/NCEP Weather Prediction Center



Flash Flooding Potential

21

Source: NOAA/NWS/NCEP Weather Prediction Center



Severe Weather Outlook

22

Source: NOAA/NWS Storm Prediction Center



Elevate Conference 2018

1 v3 · Robert J. Bodoni, MetLife Monday, May 1, 2017 . Verisk Insurance Solutions | ISO AIR...

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