Contact

Course Finder

Catalogue

Climate Risk Insurance

Product Development Training - Online or On-Campus

Overview

Natural disasters are a major impediment to development in many countries, undermining sustainable development and leading to loss of lives and livelihoods. The course will help to understand the spectrum of solutions offered by innovative climate and disaster risk insurance products as an essential element of a comprehensive risk management strategy. Participants will be introduced to the process of product development as well as tools and models relevant for climate and disaster risk analysis, insurance product design and pricing.  

CDRI-Webinar.png

Discounts

Please note that we can offer the following discount:

  • 500 EUR Early Bird discount (until 15th August 2022)
  • 10% for each institution sending more than one participant* 
  • Alumni Discount 10%
  • Special conditions apply for partners of the InsuResilience Solutions Fund

* successfully enrolled

5 - 7 October 2022

Topics Covered

  • Understanding the relevance of climate and disaster (C&D) risk insurance
  • Understanding the process of designing and developing C&D risk insurance products
  • Comprehensive analysis of climate and disasters risks based on quantification of expected damages and cost-benefit analysis of climate adaptation measures including C&D risk insurance
  • Introduction to risk pricing and placement processes for C&D risk transfer products

Target Group

The training targets participants from the public and private sector responsible for climate and disaster risk management, including representatives (managers at mid-level and above) from public administration and agencies at national and sub-sovereign levels, regional and national development agencies/banks, financial intermediaries and insurance companies interested in the subject. Significant insurance expertise is not required.

Tuition Fees

On-Campus

Normal Fee: 2.750 €1

Early Bird Fee: 2.250 €1

1Excluding accommodation 

Online

Regular Online Fee: 1.850 €2

2Early bird discount not available

Learning Objectives

  • Understand the relevance of climate and disaster (C&D) risks in developing and emerging economies and the expected future impact on sustainable development
  • Learn about the spectrum of innovative C&D risk insurance schemes and lessons learned, their relevance and complementarity to other financial instruments to manage C&D risks
  • Familiarize with international initiatives and support programs to increase access to C&D risk insurance and overcome existing barriers of market development
  • Apply existing risk analysis tools and models to assess C&D risks to define comprehensive climate adaptation policies including C&D risk insurance
  • Explore the different elements of the development process for climate risk insurance products, covering relevant aspects for a comprehensive concept :
    • Risk analysis,
    • Demand analysis,
    • Data management,
    • Product design,
    • Distribution strategy,
    • Policy/ claims management
  • Understand the elements of the climate risk insurance pricing process and premium components  

The participants will apply the content of the course in case studies in order to become familiar with the relevant tools and models.

Course structure

The intense training course will be implemented over a period of 3 days and includes the following components:

  • The participants will apply the content of the course in case studies to become familiar with the relevant tools and models.
  • Live sessions with the trainers provide the content on the technical subjects.
  • Key note speech from the insurance industry.
  • High-level representative panel discussion.
  • The course also serves as an opportunity for networking among participants to share experiences and create networks for future work in their home countries.

Day 1: Relevance of C&D risk insurance in the broader risk reduction context and innovative isnurance solutions.

Day 2: Modelling C&D risk and identifying the protection gap.

Day 3: How to develop an insurance product (Insurance do-it-yourself)?

 

Upon completion of the course, participants receive a certificate of attendance.

Registration

The next training will take place from 5 - 7 October 2022. Join us either online or on-campus.

Registrations will open in due course. Contact us to reserve your place today!

 

Our team of trainers and experts

David Bresch

Prof. Dr. David N. Bresch

David is a renowned expert on climate issues and was appointed as a professor of Weather and Climate Risks at the ETH Zurich, which was a position created jointly by the Federal Office of Meteorology and Climatology MeteoSwiss and the ETH Zurich in 2016. David’s research focuses on the impacts of weather and climate on socio-​economic systems. Combining numerical (open source) probabilistic modelling of weather and climate risks with the engagement of decision makers and end-​users, his research aims to explore ways to strengthen their resilience and create a shared understanding of weather and climate susceptibility. Until 2016 David led the Business Development team within the Global Partnerships department at Swiss Re.

Dr. Gero Michel

Gero has a long career working in data and analytics related roles in reinsurance, with a focus on capital efficiencies and product development. He has over 25 years of risk management experience, with expertise gained working as a seismologist/geologist in academia and in disaster research with a PHD in Geoscience. As Head of Risk Analytics at AIG Re he optimises capital strategies and also assists in the creation of new insurance-linked securities (ILS) product opportunities. Prior to this hiring by AIG, he was the lead for broker Aon’s UK & EMEA Analytics within its Reinsurance Solutions division. Gero had worked at Chaucer before that, with a senior role in its European operations as Managing Director and a Treaty Underwriter, with responsibility for analytics, underwriting and parametric solutions for both emerging and developed markets. He has also held senior positions at Montpelier Re, Willis, RMS, Endurance and Hannover Re.

Gero Michel

Annette Detken

Dr. Annette Detken

Annette is working as senior consultant in the area of climate risk finance and insurance. Since 2015 the support of insurance market development and risk financing approaches has been a focus of her work. Annette is Head of the InsuResilience Solutions Fund managed by Frankfurt School and Director of Climate Risk Solutions Management. Prior to her advisory work Annette was Head of Division of the Financial Sector Policy Unit within KfW Development Bank responsible for all policy and strategic issues regarding KfW activities in financial system development in developing countries. Facilitating the dialogue of different stakeholders from the public and the private sector Annette contributed to the establishment of the InsuResilience Global Partnership, an international initiative supported by the G20 and V20 member countries.