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					Aon Benfield Research conference 2012




Lighthill Risk Network/ Financial Services Knowledge
Transfer Network
Our Organisation In A Nutshell
 Established in 2006 with currently 4 core members:
 – Lloyd’s, Aon Benfield, Guy Carpenter and Catlin
 From 2009 have been a delivery partner to the Financial Services Knowledge
  Transfer Network funded by the Technology Strategy Board and ESRC
 Historically have hosted events to transfer knowledge from mostly academia
  to business, now also fund some research.




                                                        1
Our Current Projects
   Open Access Catastrophe modelling- Oasis Initiated
   Risk Culture analysis- Project started with LSE
   Behaviour and decision making- Project started with Kent university
   Working as knowledge exchange partner on the NERC Pure program.
   Review on ENSO cycle
   Looking at Earthquake clustering
   Looking at Model misuse
   About to review windstorm clustering




                                                          2
The Oasis vision – Drive transparency
 How were the Event sets constructed?
 How granular are the Event footprints?
 What Event intensity metrics are used and why?
 Do you address the open scientific questions in this area?
 How was damageability determined?
 What validation was performed?
 What assumptions can be varied?
 How sensitive are results to exposure characteristics?
 How many samples and how many years simulation to get robust results at 1
  in 200 years?
 Can the uncertainty be seen in the results?
 Are all the calculations auditable and repeatable?



                                                        3
The Oasis vision- Build a community
“Eco System”                               Impact
                                           Foreca
                        ACORD
                                           sting
                                WRN

                   GEM                Brokers

       Academia                                     Insurance

                         Oasis                       Cat
                                                    model
                                                    firms
                Met
               Office                       Climate
                                              KIC

         KTN             JBA
                                 Perils
                 LRN




                                                                4
Oasis Working Parties
Model Developer Good Practice Guidelines
Exposure and Policy data interface
Hazard & Vulnerability Model Interface
Hazard & Vulnerability Model Validation
Multi-peril modelling
Multiple models
External data sources (exposure, claims)
Results Analysis and Interpretation
Financial Module

You can use Aon Benfield and Impact forecasting to give you understanding of
User needs and developing trends


                                                         5
                                                                      Aon Benfield
                                                                      55 Bishopsgate
                                                                      London EC2N 3BD
                                                                      United Kingdom

                                                                      tel: +44 (0) 20 7088 0044

                                                                      fax: +44 (0) 20 7578 7001

                                                                      www.aonbenfield.com




               Published by Aon Limited trading as Aon Benfield.

     Registered office: 8 Devonshire Square, London EC2M 4PL.

Aon Limited is authorised and regulated by the Financial Services
       Authority in respect of insurance mediation activities only.

				
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posted:11/5/2012
language:English
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