Aon Benfield Research conference 2012
Lighthill Risk Network/ Financial Services Knowledge
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.
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
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?
The Oasis vision- Build a community
“Eco System” Impact
Oasis Working Parties
Model Developer Good Practice Guidelines
Exposure and Policy data interface
Hazard & Vulnerability Model Interface
Hazard & Vulnerability Model Validation
External data sources (exposure, claims)
Results Analysis and Interpretation
You can use Aon Benfield and Impact forecasting to give you understanding of
User needs and developing trends
London EC2N 3BD
tel: +44 (0) 20 7088 0044
fax: +44 (0) 20 7578 7001
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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.