Total economic losses to property and infrastructure from natural disasters have averaged around USD $180 billion annually in the last decade, 70% of which are uninsured (Swiss Re, 2015). Ever-increasing climate-related disasters are driving up insured and uninsured losses, placing the insurance sector under threat, and creating significant problems for those sectors involved in maintaining resilient societies.
On the morning of the 5th June at Willis Re in London, the Oasis Platform, a 2015-2016 Global Lab instrument, will launch the Oasis Hub, a pioneering global risk and climate adaptation information solution that is ready to scale across global markets. It is a global data community that’s opening the catastrophe modelling market, to enable insurers, financiers, businesses, academics and policy makers to respond to the climate-related and natural hazards faced by society.
The Oasis community started in 2011 and has in that time forged a wealth of relationships with partners from Lloyds of London and the US Department of State, through to regional authorities facing severe climate impacts.
A distinguished panel of insurance, science and business leaders will discuss the pressing reality of underinsurance, plus the vital role of collaboration with the science base to provide improved information for insurance coverage and resilient societies.
The event will examine the role of collaboration to build a better view of risk, to open up investment in new markets, and to enable better decisions by policymakers.
The event will take place in the auditorium of the Willis Building, 51 Lime Street, London on Monday 5th June 2017 at 9:00am – 10:30am. A light breakfast will be served.