2022 Webinar - Property Pricing When Including Catastrophe Perils - August 16
While pricing for natural catastrophe exposed property insurance has many of the aspects of normal property pricing, the catastrophe element does add some challenges. For example, a company’s risk appetite has a significant impact on how they price for catastrophe risk. This session will discuss the basic elements of catastrophe pricing, why cat models were developed and why they are important, and conclude with a discussion around capital and risk management and their relationship with pricing.
Learning Objectives:
- Attendees will be able to determine and understand how a company’s risk appetite can affect how it prices for catastrophe risk, and how that impacts portfolio risk management objectives.
- Attendees will be able to describe why cat models have been created and why cat models are an important part of pricing for catastrophe exposed risk.
- Attendees will be able to identify why understanding the nuances, strengths and weaknesses of catastrophe models are important, relating to how to use the models correctly to get the most out of them.
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