Jun 1, 2021
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
Considering hurricane activity alone, 2020 was a tumultuous year with a record of 30+ named storms. Now, we are at the start of 2021’s hurricane season in North America and the National Oceanic and Atmospheric Administration is predicting another above-normal Atlantic hurricane season.
To discuss 2021 weather predictions and the connection between climate change and severe storms are two leaders from Swiss Re — Scott Carpinteri and Megan Linkin. Scott is the Senior Vice President and specializes in innovative risk solutions and corporate solutions. Prior to his current role, he was responsible for Treaty Reinsurance at Swiss Re as a Reinsurance Structurer, Treaty Underwriter, and Pricing Actuary. Megan Linkin is a Senior Parametric Nat Cat Underwriter at Swiss Re Corporate Solutions and has a Ph.D. in Atmospheric and Oceanic Science.
In this conversation, Scott and Megan give their forecasts on the 2021 hurricane season, climate change, and business interruption, and how parametric insurance might be useful for more companies moving forward.
[:01] About RIMS’s Global Membership.
[:27] About today’s episode!
[:42] How to access RIMS LIVE 2021 sessions and keynotes online!
[1:17] Upcoming RIMS webinars.
[1:58] More about today’s episode with Swiss Re leaders.
[2:25] Justin welcomes Scott Carpinteri and Megan Linkin to RIMScast!
[2:42] Scott and Megan introduce themselves, speak about their careers, and share how long they have been in the risk and insurance industry.
[4:54] The unique challenges for natural catastrophe preparedness in 2021.
[8:12] Megan shares how she is seeing climate change impacting hurricanes.
[11:24] Scott explains what parametric insurance is and shares how businesses are leveraging parametrics for the hurricane season in 2021.
[15:35] About the Spencer Educational Foundation.
[16:33] How to sponsor a RIMScast episode!
[17:04] Megan shares some of the lessons learned as a result of the Texas winter weather crisis that happened earlier in 2021 from a meteorological lens.
[22:20] Scott shares his perspective on the lessons learned as a result of the Texas winter weather crisis from an insurance point of view.
[26:02] Scott highlights key differentiators between companies that handled disaster well in 2020-2021 vs. those that handled disaster poorly or struggled.
[28:18] Megan elaborates on the speed of payout.
[29:11] Justin thanks both guests for joining RIMScast and highlights some of the links to check out in this episode’s show notes!
Mentioned in this Episode:
RIMS Events, Webinars, and Services:
Did you attend RIMS Live 2021? Sessions are accessible through June 30th, 2021. Log in with your badge number: RIMS LIVE 2021
If you did not attend RIMS Live 2021 but want to access on-demand content, purchase the “Post Event Virtual Pass” for $499 to access the sessions, keynotes, and marketplace until June 30th. Visit: RIMS.org/RIMS2021
Registration for the VIRTUAL Spencer & Gallagher Golf Tournament is now open! Visit SpencerEd.org for more information and to register through August 15th, 2021 (You choose the golf course and team all while continuing to support the Spencer Educational Foundation!)
Spencer’s Risk Manager on Campus Program — Volunteer Today!
June 9, 2021 | RIMS Advocacy Presents: The Legislative Landscape for Autonomous Vehicles for 2021 and Beyond — FREE FOR MEMBERS ONLY. REGISTRATION REQUIRED.
Mentioned in this Episode:
Related RIMScast Episodes:
“Severe Weather and Insurance Strategies with Vince Morgan” March 23, 2021
“Dr. Daniel Kaniewski on FEMA Resilience” Aug. 13, 2019
“Climate Risk with Author, Jeff Nesbit” Dec. 11, 2018
Download any episode of RIMScast.
RIMS Publications, Content, and Links:
RIMS Risk Leaders Series — New episode with Cheryl Lloyd now available!
RIMS-CRMP Stories — New Interview features 2021 Rising Star, Elliot Long
RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!
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