The European Insurance and Occupational Pensions Authority (EIOPA) today issued a call for experts to join a Technical Expert Network on Catastrophe Risks with the aim to strengthen and complement EIOPA's expertise with regard to the modelling and mitigation of (natural) catastrophe risks and climate change risks. This initiative is part of EIOPA's work on sustainable finance.
The Network will share technical expertise and collect evidence in particular with regard to the following:
- The extent to which the calibration of the standard parameters for the natural catastrophe risk module of the standard formula captures climate related developments
- An estimate of ultimate losses from natural catastrophe scenarios in technical provisions
- Risk management practices of the insurance and reinsurance industry in relation to catastrophe risks
- Private sector initiatives in addressing gaps in coverage of natural catastrophe risks
EIOPA is seeking in-depth expertise in modelling and/or underwriting of natural catastrophe and climate change risks from academia and industry, in particular from brokers, reinsurers, model vendors and data analysts.
Further details about the call for expression of interest can be obtained via EIOPA's Website. The deadline for applications is Friday, 4 January 2019 at 23:59 CET.