Extreme Catastrophe Event Modelling – an introduction to Pandemic & COVID-19 Modelling

This webinar was the fourth in a series of joint catastrophe modelling webinars between the Insurance Institute of London and AIR Worldwide (a Verisk business), aimed at improving members understanding of developments in extreme event modelling and risk evaluation in today’s insurance world. In this webinar, Doug Fullam introduced the building blocks of stochastic pandemic models and described how they can be used to better understand COVID-19’s effect on the (re)insurance industry.

The insurance industry often uses catastrophe models to better manage the financial impact of low-frequency, high-severity events. These models are not limited to natural disasters like hurricanes and wildfires. Pandemic models use epidemiology, statistics, and human behaviour to enhance our understanding of how these events affect (re)insurers, governments, and societies. In this session, Doug Fullam explained the structure, key concepts, and use cases for stochastic pandemic models through the lens of COVID-19.

By the end of this webinar members would have gained an insight into:

• What are the main elements of a pandemic model?
• What questions do pandemic models try to answer?
• How are pandemic models being used to better understand the impacts of COVID-19?

You will be sent a confirmation email shortly after booking. If you have not received this within one hour, please contact Patricia Pedraza (020 7397 3911).

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