Awareness raising, risk identification, measurement and management
The focus of this seminar is on climate change and its physical impact on natural hazards and extreme weather events. What losses result from natural disasters, and what special characteristics may be expected in individual regions? How does climate change affect the modelling of natural hazards and pricing, and what does this mean for product development?
Based on the current status of climate research, and using the Munich Re natural hazard database, participants discuss the consequences for their own product portfolio and product development, as well as other topics such as investment strategy and sustainability reporting.
- Trend in losses from natural hazards, current status of climate research, different types of climate risk (physical, transitional, liability)
- Physical effects of climate change, particularly on natcat modelling and pricing
- Workshop on climate risk analysis (risks today, future risks, portfolio optimisation)
- Aspects of climate reporting in accordance with the specifications of the Task Force on Climate-related Financial Disclosures (TCFD), and the implications for regulatory requirements, political targets, and their relevance for the insurance industry.
- Discussion with Munich Re experts on the influence of climate change that is already apparent today, and on alternative products and new products
- Scope and dimension of current climate liability suits, as well as transition risks in insurance and investment
- Munich Re’s sustainable investment strategy, implementation of the ESG (environment, social, governance) criteria into our processes (e.g. underwriting) and climate reporting
- One-day excursion: Insight into a weather and climate measuring station.