Realtime Accumulation – The New Risk Selection Quandary

19/10/2023 | Online Zoom Conferencing

With regulatory scrutiny on the rise, ensuring capital adequacy across all points of quote is becoming a necessary governance factor. This briefing explores the considerations and solutions.

Learning Objectives

At the end of this session, delegates will be able to:

  • Describe how the data quality of property addressing needs to be formatted in order to achieve meaningful accumulation analysis.
  • Summarise the business case for implementing accumulation validation at the pre-bind stage of the underwriting process.
  • Outline how to assess the levels of accumulated flood, fire, terror and quake risk across your portfolios, at a national and global level.
  • Explain the process of how to pull real-time accumulation outputs when a cat-event is occurring.
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About the Presenter

Simon de la Hoyde

Simon has over 30-years experience in the geospatial industry. Most recently working in the catastrophic risk modelling world with RMS. Simon holds a masters degree in GIS from the University of Nottingham. Simon has worked in sales for the past 20 years, most notably heading the sales and client delivery divisions at MapFlow and guiding the successful sale of the business to LexisNexis in 2013. With the past 14-years spent working within the insurance market, Simon brings an experienced understanding of how spatial data and analytics delivers value to insurance companies, agents and brokers.

Mark Varley

CEO and founder of Addresscloud. Mark is a geospatial specialist and entrepreneur with a background in consulting and solution architecture with over 20 years experience working in the Insurance services sector.