The first seminar in 2015 on The Maritime CAT Model under the 9th series of the Maritime Knowledge Shipping Sessions (MKSS), co-organised by the Singapore Maritime Foundation (SMF) and the General Insurance Association of Singapore (GIA). We are pleased to have two industry experts to share their knowledge on the topic. Through their presentations, participants can expect to gain a well-rounded understanding of the topic on marine catastrophe risk.
Mr Peter Ulrich
Senior Vice President
Risk Management Solutions Inc
Peter is a Senior Vice President at RMS and has been with the firm for over 20 years. He is currently leading RMS’ initiative to build risk management models to assist the marine insurance industry in managing their global catastrophe risks from perils including wind, surge, floods, earthquakes and terrorist attacks.
Peter has previously led the development of a range of new RMS’ catastrophe models including terrorism risks, human casualties from earthquakes and infectious diseases, as well as longevity risk models. He has been active in the debate around the US government’s role in terrorism reinsurance and has testified in front of the House Finance-Homeland Security Terrorism Risk Assessment Subcommittee on the applications of terrorism models. He has also worked with the Congressional Budget Office and the Government Accountability Office to quantify the impact of potential TRIA extension options.
Peter has also consulted with clients on projects such as the risk assessment from natural catastrophes to both P&C and L&H lines of business, reinsurance optimization, strategic capital allocation, global catastrophe management and loss cost generation.
Peter earned a B.S. in Accounting and Finance from the University of California at Berkeley, and an MBA from the University of Southern California. He is a Certified Public Accountant and a Certified Management Accountant.
Mr Richard Sanders
Executive Director & Senior Catastrophe Risk Analyst
Willis Re (Singapore) Pte Ltd
Richard has worked for Willis Re since 1994; previously he worked in the oil exploration industry in the UK and overseas. Richard was one of the founders of the Catastrophe Management Services (CMS) group in Willis, and is one of their senior catastrophe specialists.
He has worked on natural hazards projects in Japan, Algeria, Europe and more recently in Asia, with a particular specialism in flood risk analysis. He is one of the most experienced catastrophe risk analysts in the insurance industry and has broad and wide-ranging knowledge across the discipline.
Since 2008, Richard has been based with Willis Re in Singapore where he represents Willis catastrophe modelling and analysis capabilities in support of brokers in SE Asia as well as coordinating the Asia Pacific activities of the Willis Research Network. Richard holds a BSc and an MSc in Geography, and is a Chartered Geographer.