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Mitsui Sumitomo at Lloyd’s

Geography in insurance – a catastrophe manager’s view

February 17th 2015

Matt Foote, CGeog Mitsui Sumitomo Insurance (London Management) Ltd

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The spectrum of insurance risk - mirroring geographical disciplines

Lloyd’s / SOHO (ESA & NASA)

• What chance of a large loss in the next year?

• How much capital do we need to cover extreme loss years?

• Is the premium charged correct?• What situations could cause a loss to be

larger than expected?• What might cause a loss?

Catastrophe (CAT) Risk Analytics and Exposure Management

IIDAR images reproduced with kind permission of Blom Group

Catastrophe models – a component based modelled view

Mean Damage Ratio - MDR

LocationLocation Location

The rise of data management and geographical analysis systems

Reproduced with kind permission of Agencyport Reproduced with kind permission of the artist

Harnessing new data & methods – ‘GeoIntelligence’ to tackle risk

Reproduced from www.marinetraffic.com with kind permission of Dimitris Lekkas

Professional geography and insurance skills

• Geography – key skills:• Analysing complex relationships /

patterns• Natural and human systems• Global – local scales• Integration• Organisational skills• General skills and sub-disciplines

• Insurance skills – generally asked for:• Commercial awareness• Creativity / innovative and strategic

thinking• Numeracy, time management• Complex problem solving / decision

making