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HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE
2012 – Two biggest Marine losses ever
Source: Wikicommons
Costa Concordia - Single Risk Accumulation Storm Sandy - Natural Catastophe Multiline Accumulation
Source: Munich Re
MODELLING IN MARINE Dieter Berg Munich Re HIGH EXPOSURES, - - PowerPoint PPT Presentation
MODELLING IN MARINE Dieter Berg Munich Re HIGH EXPOSURES, - - PowerPoint PPT Presentation
HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE Dieter Berg Munich Re HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE 2012 Two biggest Marine losses ever Costa Concordia - Single Risk Accumulation Storm Sandy -
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SLIDE 3
HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE
2010 Chile earthquake
Source: dpa
SLIDE 4
HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE
2011 Japan earthquake and tsunami
Source: dpa Source: dpa
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HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE
2011 Thailand flood
Source: Wikimedia Commons
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HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE
2012 USA Storm Sandy
Source: Munich Re
SLIDE 7
Take aways
Natural catastrophe modelling in Marine
- Natural catastrophes cause large accumulation losses for
property – (casualty) – marine / offshore energy
- Identifying worst case scenarios is of strategic importance
- Cargo – warehouses, containers, car storage
- Hull – brown water, pleasure craft / yachts
- Marine misc – fine art, ports and terminals, liabilities, inland marine
SLIDE 8
Take aways
Natural catastrophe modelling in Marine
- Portfolio transparency is vital for accumulation control
- Tool-based accumulation control by aligning geo data of the
risk locations to a corresponding map of natural hazards
- Prevent ruin situation
- Adequate cat pricing
- Risk capital allocation
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