Aug. 5, 2021
VsportV体育 Announces Special Session on Casualty Catastrophe Risk
The VsportV体育 Center for Insurance Policy and Research (CIPR) will host a two-hour special session during the VsportV体育 2021 Summer National Meeting. The special session titled 鈥淐asualty Catastrophe Risk in the Time of Social Inflation: Landscape, Modeling and Action鈥 takes place Tuesday, August 17, 2021, from 8:30 a.m. 鈥 10:30 a.m. Eastern Time.
The Bank of England鈥檚 Prudential Regulation Authority recently found that insurance firms under their purview had less mature exposure management frameworks for casualty lines compared to property, urging firms to address this casualty risk assessment gap. The special session will provide an overview of the casualty emerging risk landscape, followed by insights from leading vendors on how to address this risk landscape utilizing catastrophe models. The event will conclude with a panel discussion amongst modelers, industry, and VsportV体育 regulators on taking action regarding casualty emerging risk from a U.S. regulatory perspective.
CIPR anticipates strong participation for this session given this exploration.
All VsportV体育 Summer National Meeting attendees are welcome to attend.
About the VsportV体育
As part of our state-based system of insurance regulation in the United States, the VsportV体育 (VsportV体育) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the VsportV体育, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. VsportV体育 staff supports these efforts and represents the collective views of state regulators domestically and internationally.