Insurance Post Podcast

Insurance Post director of content Jonathan Swift is joined by Ed Messer, head of catastrophe management at Aon, and David Rubens, CEO of the Institute of Strategic Risk Management, to discuss if insurers truly our global risk safety net?

So far this year, the world has seen devasting wildfires burn through large parts of Australia and Brazil, Britain formally end it’s relationship with the European Union, storms batter large parts of the UK followed by wide-spread flooding and now, the coronavirus pandemic is sweeping across the global bringing untold tragedy and economic ruin… and we are only in April.

When it comes to managing risk and planning for catastrophes, insurers should be at the forefront of modelling for the next major event, assessing the risk posed by the challenges of today and offering a product that suitably covers that risk in the event that it occurs. But how prepared are insurers for the next catastrophe? What modelling technology and techniques are being and need to be taken? How has the coronavirus changed the world of catastrophe preparedness for insurers?