With property catastrophe rates under pressure following first-quarter losses and changing catastrophe modeling assumptions, the structure and quality of an organization’s insurance submission has never been more important. In addition to its unique risk attributes, it will be a prime contributor to the ultimate cost of an organization’s risk transfer. Providing poor quality data to insurers can lead to higher premiums.

On Wednesday, May 18, at 11 a.m. ET, Marsh will host a one-hour Webcast to explore the importance of complete and comprehensive data for catastrophe modeling, and how organizations can use models to address their unique risks. Marsh also will examine the impact that recent catastrophe model upgrades are having on the market. 

“The data that organizations develop, the models they run, and the way their brokers present their risks to insurers all play significant roles in how underwriters price their risk and, ultimately, influences the premium they pay,” said Fletcher MacGregor, Marsh Risk Consulting’s Natural Hazards Practice Leader. “It is vital—especially given today’s changing market dynamics—that risk managers understand the role data plays in catastrophe modeling, as significant premium savings can be achieved when insured properties are properly assessed, described, and coded for modeling purposes.”

In addition to Mr. MacGregor, panelists will include Duncan Ellis, leader of Marsh’s U.S. Property Practice; Erik Nikodem, Property Division, Lexington Insurance Co.; and Claire Souch, vice president, Natural Catastrophe and Portfolio Solutions, Risk Management Solutions. 

Brian Elowe, a managing director of Marsh’s Global Risk Management Division, will moderate the panel discussion.

Register for this free event and receive Webcast instructions.



For more information on insurance and risk matters related to the natural disasters, visit Marsh’s Global Disaster Recovery Portal.