Climate Risks in Insurance: Risk Mapping, Pooling, and National Schemes in Several EU Countries

This workshop offers a comprehensive approach to climate hazard modelling with a focus on the development of risk maps. It also includes an analysis of the regulatory challenges faced by insurance stakeholders on this topic.

The workshop first part presents the fundamental mapping methodologies on hazards based on the available databases and tools (internal, open-source, and commercial models), as well as the contribution of external data sources. A case study from an insurance company will illustrate the practical application of these methods.

The workshop second part addresses regulatory aspects, detailing the operation of the Nat Cat (Natural Catastrophe) schemes in France and the United Kingdom, the challenges of pooling climate risks in pricing, and the potential evolution toward a European Nat Cat framework. Any issues related to managing cross-border zoning will also be discussed.

This workshop is intended for professionals in insurance and risk modelling, as well as anyone interested in the management and regulation of natural disasters. It provides a comprehensive overview of the methods, tools, and challenges associated with pricing and covering climate-related risks.