Author Archives: Katie Fazeli

About Katie Fazeli

Director, Marketing, RMS
Katie focuses on the conception and management of RMS' global marketing program strategy. As a part of the RMS marketing team, she provides custom experiences to drive engagement, awareness, and communication with clients. She is based in Silicon Valley and has a background in project and event management. Katie has a degree in business administration and marketing from San Jose State University.

Exceedance 2015: In the Books

It’s been quite a week here in Miami – full of palm trees, ocean views…and catastrophe risk management.

Throughout the week, our keynote speakers discussed hot topics in science, catastrophe modeling, and risk management:

  • We kicked off the week with keynotes from Hemant Shah, Paul Wilson, Ben Brookes, and Daniel Stander discussing RMS’ vision for the future and how catastrophe modeling can enable innovation and growth within the (re)insurance industry and beyond.
  • Patricia Grossi shed light on earthquake risk in Latin America, and there were more than a few misty eyes as Laurence Golborne regaled us with tales of risk management from his time as minister of mines and energy in Chile, where he led the rescue of the “Los 33” miners trapped underground for more than two months.
  • Rick Knabb, director of the National Hurricane Center, explained why awareness is central to the mission of the NHC; educating the public about the need to prepare increases the ability to recover.
  • Robert Muir-Wood explained that the biggest concentrations of risk and gradients of risk are coastal, necessitating state-of-the-art modeling of storm surge, tsunami, and liquefaction in order to mitigate this risk.

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Hemant and other members of the RMS leadership team answered questions on-stage during an “Ask Us Anything” session. Here are a few highlights:

  • What’s your vision beyond 2020?
    • Eric Yau: We want to create an open platform that unlocks innovation potential for our clients and partners.
    • Matthew Grant: Our goal is to allow clients to underwrite business that isn’t possible today. We will work together to grow the broader (re)insurance market.
  • What can I do to help Nepal? 
    • Paul VanderMarck: We work with Build Change, an organization aligned with our mission of mitigating risk. We recommend them as an organization and are matching employee contributions. Build Change is starting a program in Nepal using the same playbook that has already been successful in areas such as Haiti and Japan.
  • Suppose you were to start from scratch today – would you do anything differently? 
    • Mohsen Rahnama: When we started, we didn’t have any of the tools we have today. We take advantage of and implement technology to approach problems in a systematic way. Technology allows us to build better models.

In addition, we were thankful to have many of our clients and partners not just attend, but present at Exceedance. BMS, JLT RE, Munich Re, Aon Benfield, Risk Frontiers, Holborn Corp, ARA, Willis Re, Guy Carpenter, TigerRisk, SCOR, and Price Forbes all presented during the “Alternative Views of the Market” track which provided insight from across the industry.

  • Munich Re showed impactful videos of homes under 100 mph winds, emphasizing the difference in performance of structures built to various standards.
  • Willis Re advocated for deterministic modeling and developing alternative views of risk by considering different sizes of events and “what if” analyses.
  • Guy Carpenter explained how to define critical events by aligning the level of loss to specific outcomes such as lost earnings, ratings watches, and ratings downgrades.

And finally, we salsa-ed the night away to the sweet tunes of two-time Grammy-nominated Latin band Palo during EP, the Exceedance Party, at LIV nightclub.

I hope you enjoyed the week and found it insightful and thought-provoking. We hope to see you all back at the Fontainebleau Miami Beach Hotel next year, where Exceedance 2016 will take place from May 16 to 19.

Kicking off Exceedance 2014

Greetings from Exceedance 2014. In addition to all the exciting keynotes, sessions and activities we have planned for the week, we are celebrating RMS’ 25th anniversary.

If you are joining us in Washington, D.C. at the Gaylord National waterfront resort, we have a jam-packed schedule that kicks off tonight with a reception in The Lab at 5:30 pm. For those of you who couldn’t make it this year, the RMS team on the ground will keep you up-to-date via social media.

Follow RMS on Twitter, LinkedIn and Facebook for Exceedance news, insights, and photos. Make sure to tag any Exceedance-related social media posts with the hashtag #Exceedance to join the conversation, and keep an eye out for blog posts that will be published by my colleagues throughout the week.

We are excited to bring the industry together at Exceedance, the largest catastrophe risk management event, which includes visionary keynote speakers, 11 tracks, 70 sessions and more than 100 subject experts.

With so much going on, we’ve built an Exceedance mobile app to help you manage your schedule and maximize your week. Download Guidebook for iPhone and Android, and search “Exceedance 2014” to download the app.

Here are few highlights I recommend you don’t miss:

Keynote Speakers: Insights from our keynote speakers will no doubt be thought-provoking and set the tone each day:

  • Vivek Kundra, the first chief information officer for the U.S.
  • Trevor Maynard, head of exposure management and reinsurance at Lloyd’s of London
  • Dr. Solomon Hsaing, climate risk expert
  • Hemant Shah, RMS co-founder and CEO
  • Dr. Robert Muir-Wood, RMS chief research officer

The Lab: This year the Lab takes demos to the next level, giving you the opportunity to interact directly with RMS(one). There will also be a Mini Theatre for brief talks on engaging topics, and Meet the Experts booths for all your RMS model and RMS(one) adoption questions. We’ll have a special event at the Lab’s Mini Theatre on Tuesday, April 15, at 11:45 am, where biomedical gerontologist Dr. Aubrey de Grey will join us to discuss his anti-aging research.

Model Insights: Get deep insights into RMS models with more 30 hours of content, 20 sessions in the Mini Theater, and access to RMS model experts. Learn about the RMS roadmap, the wealth of new models being released in 2015, and new generation HD models.

RMS Hackathon: The first ever RMS Hackathon will debut at Exceedance this year, welcoming the developer community and challenging them to create innovative RMS(one) apps using the RMS(one) API. Onsite developer support will include hands-on workshops, a kickoff session to provide details and guidelines, and dedicated development areas with experts available to provide technical assistance. Prizes will be awarded to the three best entries at the Hackathon award ceremony on take place on April 16 at 3:50 pm.

“EP” – The Exceedance Party: This year we’ll be at the International Trade Center on Wednesday evening, where you can enjoy dinner, drinks and entertainment while catching up with industry colleagues. Don’t forget to bring your government issued ID!

If you have any questions throughout the week, our team staffing at the registration desk can help you out, or feel free to reach out to us on Twitter @RMS.