Bridging the gap between catastrophe modellers and underwriters

Louise Jane Matthews, head of exposure managementAntares Managing Agency

Three distinct phases of exposure management can be observed through time within the insurance industry. Historically, underwriters were close to the exposure, knew exactly what they insured and were solely responsible for monitoring their portfolios. As the capacity for insurance has significantly increased and level of technology flourished, exposure management has been accomplished through the use of catastrophe models and separate catastrophe-modelling teams. These teams provide specialist knowledge and resource to assist underwriters in managing their exposure. The next stage for the insurance industry is to take catastrophe modelling one step further and in turn, bring the underwriter back to the exposure again.