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MODELLING IN MARINE Dieter Berg Munich Re HIGH EXPOSURES, - PowerPoint PPT Presentation

HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE Dieter Berg Munich Re HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE 2012 Two biggest Marine losses ever Costa Concordia - Single Risk Accumulation Storm Sandy -


  1. HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE Dieter Berg Munich Re

  2. HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE 2012 – Two biggest Marine losses ever Costa Concordia - Single Risk Accumulation Storm Sandy - Natural Catastophe Multiline Accumulation Source: Wikicommons Source: Munich Re

  3. HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE 2010 Chile earthquake Source: dpa

  4. HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE 2011 Japan earthquake and tsunami Source: dpa Source: dpa

  5. HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE 2011 Thailand flood Source: Wikimedia Commons

  6. HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE Source: Munich Re 2012 USA Storm Sandy

  7. Take aways Natural catastrophe modelling in Marine • Natural catastrophes cause large accumulation losses for property – (casualty) – marine / offshore energy • Identifying worst case scenarios is of strategic importance • Cargo – warehouses, containers, car storage • Hull – brown water, pleasure craft / yachts • Marine misc – fine art, ports and terminals, liabilities, inland marine

  8. Take aways Natural catastrophe modelling in Marine • Portfolio transparency is vital for accumulation control • Prevent ruin situation • Adequate cat pricing • Risk capital allocation • Tool-based accumulation control by aligning geo data of the risk locations to a corresponding map of natural hazards

  9. HIGH EXPOSURES, ACCUMULATION RISK AND MODELLING IN MARINE Thank you for your attention ! Dieter Berg Munich Re

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