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PAMIC MEMBERSHIP PORTAL

PAMIC Webinar LISTING

Throughout the year PAMIC hosts a wide variety of valuable educational events. Each year members can join us at our Convention, Claims Summit, Annual Spring Conference and many other engaging events. Our education aims to cover all topics that might be relevant to the insurance professional whether they work for a mutual, stock or reciprocal company. 

We pride our association on being the premier provider of education in the Mid-Atlantic region. The nature of our events is constantly evolving to match the needs of our membership. Join in the discussion and network with other industry professionals as we strive to provide you with the tools to help your company succeed. 

Upcoming PAMIC Webinars

    • April 22, 2021
    • 2:00 PM - 3:00 PM (EDT)
    • PAMIC Online

    nullAutomated hail swaths and damage ratios

    Date: Thursday April 22, 2021
    Time: 02:00 PM Eastern Standard Time
    Duration: 1 hour
    Presented by: Andrew Siffert, BMS RE

    Register 

    On an inflation-adjusted basis, 2020 was the second-costliest year on record for thunderstorm-related damage in the U.S. Most year of the insured losses resulted from hail damage is the driver of the industry loss.  Due to increasing awareness over the last several years regarding the increase in insured hail losses, insurance companies have been arming themselves with analytics; hail swath report maps which now seem to be a dime a dozen are widely used by insurance companies. Roofers are also using these hail maps to find work.  However, some things should be known about these products which will be one component of this talk.  The other component will be how the hail maps can be used to improve customer satisfaction and profitability during these costly catastrophic events. BMS RE US is drawing upon its broad, national client-base to provide important insights to insurance companies, helping them better understand and utilize the information in hail swath reports. In this talk, we will discuss how insurance claims data from destructive hail events adds value beyond the standard hail swath maps by offering improved claims rates and exposed loss ratios.

    About the Presenter

    Andrew Siffert is an  Vice President and Senior Meteorologist within BMS Re US Catastrophe Analytics team for 9 years.  He works closely with clients to help them manage their weather related risks by adding value through catastrophe response, catastrophe modelling, product development and scientific research and education.  He has 19 years of industry experience having worked in the energy and insurance industry focusing his meteorological knowledge on helping companies manage their weather risks. Prior to joining BMS, Andrew worked for FlagstoneRe as a CAT Project Manager / Meteorologist and was responsible for developing LiveCAT products, frontline research, and analytics used in the underwriting process. He has also worked at ACE Group with the development of ACE Global Weather Insurance products and helped pioneer the weather derivatives market and energy trading markets while working at Aquila Energy Corp. Andrew has educational background that spans the sciences with a master’s degree in meteorology from the University of Utah and was member of the 2002 Olympic weather support team.

     

     

     

     


    • May 06, 2021
    • 2:00 PM - 3:00 PM (EDT)
    • PAMIC Online

    nullImpact of COVID-19 on future damages and loss measurement

    Date: Thursday May 6, 2021
    Time: 02:00 PM Eastern Standard Time
    Duration: 1 hour
    Presented by: 
    Simon P Oddy, FCA, CFE, MCIArb
    Partner, Global Forensics and Litigation Services

    How will insurers account for the interrupted year of the pandemic in damages evaluation? Businesses had extremely unusual income and expenses - with lockdowns, capacity regulations, consistent changes and supply chain issues. Traditional damages modeling may be greatly impacted by the financial results for 2020 and the early part of 2021, while attempting to measure financial loss unrelated to COVID-19. How will models need to be adapted to deal with pandemic disruption?Join Baker Tilly and Global Forensics and Litigation Services partner, Simon Oddy, to discuss the COVID-19 impact related to:

    • Traditional performance modeling overview
    • Approaches insurers may take in modeling around pandemic impact
    • Impact on disputes in damages evaluation

    What will this webinar answer?

    • 1)     How is traditional damages modeling performed?
    • 2)     What are the impacts of a disruptive economic year with traditional damages modeling?
    • 3)     What are options to adjust traditional modeling to account for the pandemic?
    • 4)     How will non-traditional and traditional modeling methods impact disputes?


    About the Presenter

    Simon P Oddy, FCA, CFE, MCIArb
    Partner, Global Forensics and Litigation Services

    Simon Oddy is a Partner in the Global Forensics & Litigation Services consulting practice at Baker Tilly. Working with insurers and lawyers, Simon has handled engagements in North America, South America, Europe, Africa, Asia and Australia. Simon’s insurance related cases focus on property and casualty losses. In addition to clients in the United States, Simon works with clients in the London Insurance Market, Syndicates in Lloyds and handles cases globally. He has handled matters for both Claimants and Defendants.


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