Webinar – 2014 Half-Year Natural Catastrophe Review

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2014 Half-Year Natural Catastrophe Review

9 July 2014

Running time: 43 minutes

Munich Re and the Insurance Information Institute jointly present an overview of natural catastrophe activity for the first half of 2014.

About this event

The statistics for natural catastrophes for the first half of 2014 have been marked by satisfactorily low levels of global claims. Overall economic losses of US$ 42bn and insured losses of US$ 17bn to the end of June were considerably below the average for the past ten years (US$ 95bn and US$ 25bn respectively). However, towards the end of the year the natural climate fluctuation El Niño may impact regions differently in terms of the number and intensity of weather extremes.


Summary
The 2014 Half-year Natural Catastrophe Review provides an overview of natural catastrophes in the first half of the year, including winter storms, thunderstorms/tornados, floods, droughts, earthquakes and wildfires.

Webinar topics

  • Overview of US natural catastrophe activity including a review of winter storm, thunderstorm/tornado, flood, drought and wildfire activity.
  • Overview of global catastrophe activity including major global events.
  • Special presentation on global warming and natural climate oscillations.
  • Economic implications of US natural catastrophes for 2014.
  • Impact of catastrophe losses on underwriting performance and profitability of the US P/C insurance industry.


Presenters/Agenda

Carl G. Hedde. US/Global Catastrophe Update
Carl G. Hedde, CPCU
Head of Risk Accumulation
Munich Reinsurance America, Inc.
Peter Höppe. Special Topic –Global Warming and Natural Climate Oscillations
Peter Höppe
Head of Geo Risks Research/Corporate Climate Center
Munich Re
Robert P. Hartwig. Economic Implications
Robert P. Hartwig, CPCU
President & Economist
Insurance Information Institute

In the US, Munich Re provides access to a full range of property-casualty reinsurance and specialty insurance products through Munich Reinsurance America, Inc., American Modern Insurance Group and Hartford Steam Boiler Group. Together, we deal with the issues that affect society and work to devise cutting-edge solutions that render tomorrow’s world insurable. Munich Reinsurance America, Inc. has been successfully addressing the key challenges of the future since 1917. Our clients trust us to develop solutions for the whole spectrum of reinsurance – from traditional reinsurance agreements to the management of complex specialty reinsurance risks. Our recipe for success: we anticipate risks early on and deliver solutions tailored to clients’ needs, creating opportunities to achieve sustained profitable growth.

The Insurance Information Institute (I.I.I.) is a nonprofit, communications organization supported by the insurance industry. Its mission is to improve public understanding of insurance -- what it does and how it works. For nearly 50 years, the I.I.I. has provided definitive insurance information. Today, the I.I.I. is recognized by the media, governments, regulatory organizations, universities and the public as a primary source of information, analysis and referral concerning insurance.


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