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Next Event

Terrorism in an Actuary's world

By Steve Coates, Pool Re

16 June 2022

Pool Reinsurance is the UK's government-backed terrorism reinsurance mutual. Since the failure of the market in 1993, Pool Re has ensured the continued availability of terrorism insurance, currently underwriting over £2 trillion of exposure in commercial property.

Steve will discuss the evolution of the scheme over the years in the broader context of the insurance, security and political landscapes. He will also consider some of the actuarial and modelling challenges faced in evaluating and quantifying terrorism.

About the speaker:

Steve is Chief Underwriting Officer and a member of the Executive management team at Pool Re. Steve has responsibility for all aspects of underwriting and claims, as well as actuarial including exposure management and modelling.

 

Prior to this, Steve spent 12 years at Allianz UK, latterly as Head of UK Property and Casualty. He also spent a year with Allianz Australia in 2005/6. Before that he worked for Independent Insurance for 10 years, ending up as UK property underwriting manager. Steve started his career with Eagle Star where he worked in a variety of commercial underwriting roles. Steve is an associate of the Chartered Insurance Institute and is also an expert witness in insurance matters.