DRMKC Seminar – Roma 2017 Moving from science and technology to systems and processes Break-out Group 2: CCA Insur In suran ance ce compa companies nies look looking ing at at the the rele elevanc vance e of of da data in ta in de defining fining insur insuran ance ce ser servi vice ces s or or too tools ls an and d ho how this this af affec ects ts ris risk pr preven ention tion Roland NUSSBAUM (MRN, France) DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM
Lo Look oking ing at at the the rele elevanc vance e of of da data ta in in de defining fining insur insuran ance ce ser servi vice ces s or or too tools ls and ho and how this this af affec ects ts ris risk pr preven ention tion OUTLI LINE 1 Introducing MRN within the insurance industry 2 How disaster/climate input data create value for the design of insurance / DRM services to the customer 3 How PPPs, involving the insurance industry in the collection and sharing of such data, can promote efficient decision making for disaster reduction, at every governance level 4 Concluding remarks Lourdes,July 2013 Photo : D. Bourguignon - MRN DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 2
1 Intr Introducing oducing MRN MRN DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 3
MRN RN & O & ONRN RN wer ere lau launc nched hed in « in « reac eaction tion » to » to ma major jor na natur tural al event ents 2 1 Evolution of cumulated annual insured losses in FR Evolution in France Similar evolutions overseas IBHS, USA ICLR, CA ZURS, DE 13,000 HORA, AT 12,000 (montants actualisés en FRAT,CZ 11,000 SIGRA, IT Indemnités versées 10,000 etc 9,000 CATNAT millions €) 8,000 TGN 7,000 6,000 5,000 4,000 Source : FFSA- 3,000 GEMA / 2012 2,000 1,000 0 Années DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 4
WHA WHAT T IS S MI MISS SSION ON R RISQ SQUE UES N S NATU TURELS ( RELS (MRN) MRN) ? 2 1 1 A professionnal association dedicated to natural risk knowledge and reduction www.ffa-assurance.fr English version available www.mrn.asso.fr DRMKC Seminar – Rome 2017 │ DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM Break out group 2: CCA – Insurance companies … R NUSSBAUM 5 5
Introducing Mission Risques Naturels (MRN) 1 The governance of the association, within the French Insurance Federation (FFA) FFA Member companies operating in property damage Branch are participating to MRN Budget Insurance Groups currently represented at MRN Board of Directors www.mrn.asso.fr DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 6
1 Introducing Mission Risques Naturels (MRN) 2 1 Three areas of activities I. FFA, State, EPTB, … - ONRN II. Applied research (PhD students: Studies for a) Public policy evaluation (from insurance point of view) FFA and with b) R&D toward general interest services: institutional SIG MRN partners BD SILEHC CAT CLIM DATA Participative governance bodies (national and local) SIG MRN SIG MRN Technical General interest End user representation in interfaces with services for FFA project stearing groups BD BD SILEHC SILEHC State and Awareness raising member Stakeholders Education companies … DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 7
How disaster/climate input data create 2 value for the design of insurance / other services to the customer DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 8
2 Clima Climate te/los loss da data inputs ta inputs gener generating ting added ded values alues in in the the ins insur urance ance value alue chain hain Customer’s INPUTS Climate data Loss data Other DRM data profile & needs Reinsurance Undertakings Loss Adjusters Insurance INSURANCE & Brokers VALUE CHAIN undertakings Intermediaries Modelling agencies Internal Other DRM Insurance OUTPUTS management services services DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 9
2 Clima Climate te/los loss da data inputs ta inputs gener generating ting added ded values alues in in the the ins insur urance ance value alue chain hain Insurance services (innovation) Filling the coverage gap (art 8. EU CCA Strategy) Alternative risk transfer Finite insurance (based on risk indices and/or climate data) Climate derivatives Internal risk management, within the (re)insurance undertaking (improvement and innovation) Claims management : Implementation of early warning services to insurance companies by loss adjusters Use of earth observation & drones for early estimate and loss adjustment purposes « build back better » through detailed loss data analysis at building component level Portfolio management / monitoring Prudential management: internal models (Solvency II directive) Other DRM services to customers (innovation) Risk awareness raising services and apps Early warning services (calls and apps) duplicating warning messages by public authorities DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 10
2 MRN RN GIS S Ser ervice : ice : ris risk expos xposur ure anal analysis is tool tool for or commer commercial cial lines lines cus customer tomers CARTOGRAPHIC INTERFACE USE OF HAZARD ZONING LAYER SAMPLE REPORT ON SITE FOR SITE ANALYSIS IN PORTFOLIO EXPOSURE EXPOSURE ANALYSIS ANALYSIS DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 11
2 MRN RN GIS S Ser ervice : ice : ris risk expos xposur ure anal analysis is tool tool for or commer commercial cial lines lines cus customer tomers DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 12
MRN RN f flood lood events ents da data tabas base agrega gating ting ma market et da data ta 2 What for? Average claim cost by type of peril at event level Storm surge Flash floods River floods Mediterrean floods Mediterrean floods DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 13
MRN RN CA CATCLI CLIM Da Data ta pr proj oject ect 4 What for? • Focus on a specific event (here hail event in central France during spring 2014) • Collect detailed damage data from a sample of claims based on loss adjusters reports • Study damage by building components to deduce prevention recommandations DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 14
How PPPs, involving the insurance industry in the 3 collection and sharing of such data, may promote efficient decision making for disaster reduction, at every governancce level DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 15
PPPs in involv olving ing the ins the insur urance ance indus industr try in F in France ance 3 Integrated NatCat Risk Management & Participative Governance DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 16
ONRN RN 3 Governance & organization Agreement: Data producers Users State - CCR – MRN & local authorities • Partners State administrations ONRN • State Agencies and affiliated • Data, Information & Knowledge Local Authorities : PORTAL - Regional observatories, collection, sharing, outreach Professional - Floodplain managers... communities • CCR • FFSA-GEMA / loss adjusters • Utilities operators ONRN does not produce raw data General Public • Researchers • Others = Management Committee: representatives of the partners End Users Committee: French National DRR Platform Working groups & Projects DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 17
ONRN RN 3 PPP for IKM sharing and DRM governance Downloadable indicators: Web portal: www.onrn.fr Workshops and publications DRMKC Seminar – Rome 2017 │ Break out group 2: CCA – Insurance companies … R NUSSBAUM 18
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