The conference covered a wide range of critical topics, including insights into PAID Romania's Catastrophic Claims Management Plan, lessons learned from the TCIP (Turkish Catastrophe Insurance Pool) following the February 6th earthquake, navigating operational challenges in the current economic climate by TREIF (The Taiwan Residential Earthquake Insurance Fund), the Catastrophic Modelling Platform improved by TurkRe and T-Rupt, system updates of the Swiss Association of Public Insurance companies for real estate, the reinsurance market and improvement of regulations and technical systems within the Natural Catastrophe Insurance of Iceland (NTI), about the role of exposure and changes in hazard levels as risk drivers in Spain, about the principles and main challenges of the French Nat Cat scheme, about the activities of the Norwegian Agriculture Agency, about FloodRe and the future of flood risk management, about the compensation for severe damages on buildings caused by drought in Denmark, about establishing a Cyclone Reinsurance Pool for Australia and strategies for improving resilience to natural hazards in New Zealand.
One of the highlights of the event was an in-depth discussion about the French Nat Cat Scheme and the pivotal role of exposure and changes in hazard levels as risk drivers. The forum provided a unique platform for experts to exchange ideas, strategies, and best practices to tackle these complex challenges effectively.
Participants also had the opportunity to engage in a captivating panel discussion on the role of climate change as a driving force behind the evolving risk landscape. Experts from Switzerland, the UK, the Caribbean, and Spain shared their perspectives, shedding light on the global implications of climate-related risks.
Ms. Nicoleta Radu, CEO of PAID Romania and the host of the event, emphasized the significance of such gatherings, stating, "The World Forum for Catastrophe Programs plays a crucial role in promoting collaboration and knowledge-sharing among global professionals in the field. This exchange of good practices and experiences is invaluable in our collective mission to enhance resilience and protect communities worldwide."
The success of this year's event has set the stage for the next meeting of the World Forum for Catastrophe Programs, which is scheduled to take place next year, continuing the tradition of facilitating global collaboration and innovation in the field of catastrophe risk management.
Participants at the meetings:
- Nicoleta Radu, President, on behalf of PAID Romania
- Hulda Arnadottir, Member, on behalf of Natural Catastrophe Insurance of Iceland
- Andy Bord, Member, on behalf of Flood Re
- Francisco S. Espejo Gil, Member, on behalf of Consorcio de Compensación de Seguros
- Marta García Garzón, Member, on behalf of Consorcio de Compensación de Seguros
- Terje Haug, Member, on behalf of Finans Norge
- Sidney Hsin, Member, on behalf Taiwan Residential Earthquake Insurance Fund
- Sophia Hsu, Member, on behalf Taiwan Residential Earthquake Insurance Fund
- Poul Jensen, Member, on behalf of Danish Natural Hazards Council
- Alain Marti, Member, on behalf of Interkantonaler Ruckversicherungsverband IRV
- Antoine Quantin, Member, on behalf of Caisse Centrale De Reassurance
- Kai Terje Dretvik, Member, on behalf of the Norwegian Agriculture Agency
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