The example will be based upon major US Hurricanes 1950-2020 to illustrate a model developed to analyze the risk to a portfolio of offshore oil and gas assets and to review and compare the effectiveness of traditional insurance products and alternative products (parametric solutions). The case study will consider an appropriate model for the frequency of events (Poisson or other distributions). A review of damage or vulnerability models (Beta or other distributions) to convert wind speed/intensity into a percentage of value at risk. An illustration of approaches to analyze the impact of insurance structure on the resulting financial losses (Monte Carlo Simulation combining frequency and severity; RISKCOMPOUND). Deriving key metrics to compare options (cost of capital compared to volatility reduction, SOLVER). Presented by Derek Thrumble Managing Partner, Analytics – Gallagher Specialty
Webinar Details
2021-05-18, 12 pm ET
About the Presenters
Derek Thrumble is a founding Partner of Alesco Risk Management Services which commenced trading in 2008 and is a wholly owned subsidiary of Gallagher Specialty a leading international insurance broking firm.
After graduating in Maths and Statistics Derek started his insurance career as an analyst in 1985 progressing to Managing Director of the Anistics London operation. Derek has pioneered the use of statistical and actuarial modelling to support the structuring of insurance programs for large industrial risks. Derek has specialized in the energy insurance sector and he has worked on the majority of major global energy accounts worldwide and conducted consultancy work for the energy industry mutual insurers to establish premium rating plans, capital modelling and optimisation of reinsurance structures.
Recently Derek has been looking to deploy @Risk and other risk modelling tools to assess other risk exposures such as Natural Catastrophes and Satellite launch risks.
Derek’s analytical background and expertise ensures that the client’s risk financing strategy can be implemented using the optimal combination of risk retention, the commercial insurance market and alternative sources of capacity such as industry mutuals or captives
Derek is currently also supporting a Risk Modelling module for a new MSc course at Glasgow Caledonian University (London Campus) in Insurance and Sustainable Risk Management.
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Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.
Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.
Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.
Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.
Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.
Morbi at fringilla arcu. Nulla et cursus massa, vel viverra eros. Donec est tortor, iaculis lobortis fringilla eu, tempor sit amet nulla. Vestibulum vestibulum fermentum arcu, non vestibulum libero sagittis eget. Suspendisse porta lacus lorem, vel tincidunt justo fringilla eget.
