Re-Insurance and R - July Edition

Schedule:

6.15 pm Doors open

6.30 pm Welcome by PartnerRe and the Zurich RUG

06.40 pm - Talks (see below)

7.50 pm Are you hiring? Looking for an R related job? ... or organising an interesting event? Take the stage for one minute. (DM us if you need a slot!)

08.00 Apéro (generously sponsored by PartnerRe)

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Patrick Hogan -- Senior Data Scientist, Life & Health Analytics at PartnerRe
Bayesian mortality modelling: a fresh perspective from A to Z
The past decade has witnessed the emergence of powerful new tools in the R ecosystem for Bayesian analysis, which provide tremendous flexibility and rich information on parameter estimations. Nevertheless, nurturing an idea through the tangled workflow of applied Bayesian statistics to commercial deployment remains challenging. We shall outline how at PartnerRe we have successfully navigated these waters to bring our reinsurance rates closer to the true risk: from the stochastic data-generating process; through systematic model building and the agony and the ecstasy of high-performance computing; to real-world, actuarial applications in the life reinsurance industry.

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Elena Pesce -- Business Analyst at the Swiss Re Institute and technical advisor to the Poseidon Principles for Marine Insurance
An interactive Shiny dashboard to quantify the carbon footprint of marine insurers' Hull and Machinery portfolios
More than 80% of all internationally traded goods are transported by sea (UNCTAD). The vessels handling the world's cargo are a relevant source of greenhouse gas (GHG) emissions, accounting for close to 3% of global annual CO2 emissions. In 2018, the International Maritime Organization (IMO, the UN agency for shipping) set a target to reduce the sector's annual GHG emissions by at least 50% by 2050 compared to 2008. Quantifying carbon emissions is a necessary step towards the transition to a more sustainable marine insurance industry. To support the IMO's strategic objectives, the Global Maritime Forum launched the Poseidon Principles for Marine Insurance (PPMI) in 2022, establishing a carbon metric for marine insurance and a global framework for measuring and publicly reporting the climate alignment of marine insurers' Hull and Machinery portfolios.
During this talk, Elena Pesce will present a Shiny dashboard designed specifically for marine underwriters and risk engineers. The dashboard enables the quantification and tracking of Hull and Machinery portfolios' carbon footprints based on the PPMI methodology. By leveraging data analytics and visualisation techniques, the dashboard enables users to quantify and track a portfolio's carbon footprint, explore key metrics, identify trends, and make data-driven decisions to address carbon emissions.

As always, we are looking for speakers, apéro sponsors, topic ideas and potential locations for our events. Don't hesitate to get in touch!