Guest Blog: Jane Warring, senior counsel, Clyde & Co. U.S. LLP
A few weeks’ back I attended my first Exceedance. If you go to a new conference, you are never entirely sure what to expect. Suffice it to say though, it was like no industry event I have ever attended — and in a good way.
Above all, though, I was blown away by the sessions. I have spent almost 15 years litigating first-party property/coverage disputes at both the trial and appellate levels. So, I know a thing or two about the interplay between exposure, risk and coverage. But Exceedance was a whole new level of learning: information-rich content, transparent discussions, engaged delegates and high-quality speakers.
Like many attendees, I filed a trip report on my return to the office. I wanted to make sure my colleagues who lead our resilience work benefited from my learnings. This got me thinking. What were some of the top takeaways from #Exceedance18?
There is nothing quite like a “banging EP” to make me feel young again. But that wasn’t the only aspect of my most recent trip to Miami that brought out the millennial in me.
If you missed Exceedance 2018 a few weeks back, you probably also missed Resilience 2018. Embedded every year within Exceedance, RMS holds a space for policymakers and business leaders to collaborate to a very important end: ensuring local communities and regional economies are resilient to the shocks and stresses they face.
Our delegates are heading for home at the end of an amazing conference, after three days packed full of insight and innovation, coupled with practical strategies that everyone can take back to their respective companies and help move forward with transformation.
It is so exciting when the global risk management community comes together for Exceedance, and we appreciate the contribution that every delegate makes to it, whether it has been in our panel sessions, our Fundamentals training or questions to our experts. And our Exceedance delegates are so enthusiastic — even after our big Exceedance Party (EP) the night before. With such a comprehensive track program over the past two days, with seven tracks and over sixty sessions, today we had repeats of some of the main track sessions, including wildfire and U.S. inland flood, with good attendances.
As the sun shone over the Biscayne Bay at the start of the second full day at Exceedance, our keynote guest speaker, Jeff Goodell, energy and environmental expert, investigative journalist and author of numerous books including The Water Will Come asked a provocative question in his opening slide. It simply said, “Goodbye Miami?”
Jeff said that he was at home being in the company of fellow “catastrophists” and the risk management community at Exceedance, but this is not always the case. When talking about climate change and sea-level rise, he sometimes felt as if he was Richard Dreyfuss in the movie Jaws. Dreyfuss played oceanographer Matt Hooper, a character who continually warned the Mayor of Amity Island to close the beach because of the risk of shark attacks. The Mayor ignored the advice, due to the economic impact of closing the beach … but [spoiler alert] the shark kept coming. Jeff remarked that sea-level rise is the shark, and it’s bigger and more dangerous than we first anticipated.
The first full day of Exceedance clearly set the direction that RMS is taking towards transformation — as a strategic partner helping clients to succeed in a time of rapid change. Karen White, chief executive officer for RMS, made her keynote debut on the Exceedance stage, sharing her background working with technology companies during similar game-changing times, and expressing her excitement of the here and know and what lies ahead.
With Exceedance 2018 coming May 14 – 17, we have lined up an interesting group of keynote speakers who will be onstage to provide their insights, ideas and inspiration. This year’s topics include:
Day 1: Earth, Wind and Fire
Our day one general session will focus on how we have leveraged lessons learned to bring new advances in model science and technology that enable (re)insurers to better manage and capitalize on catastrophe risk:
Welcome to the first in a series of informative blogs leading up to Exceedance 2018, May 14 – 17.
Preparations are well under way for this year’s event, which will be held at the InterContinental Miami — set on the Biscayne Bay waterfront in the heart of downtown’s thriving financial and business district.
Our sixth Exceedance conference makes a welcome return to Miami, this time at the waterfront InterContinental Hotel on May 14-17, 2018. The views over the Biscayne Bay, inspiring keynotes, over 75 informative sessions, demonstrations, engagement with experts in The Lab, and networking with 700+ industry professionals are all guaranteed. What else can we guarantee at Exceedance 2018? You will leave Miami with a new perspective on risk management, as we invite you to join us for our most transformative and immersive Exceedance yet.
This is a taster of an article published by RMS in the second edition of EXPOSURE magazine. Click here and download your full copy now.
EXPOSURE magazine reported on how a pilot project to stress test banks’ exposure to drought could hold the key to future economic resilience, as recognition grows that environmental stress testing is a crucial instrument to ensure a sustainable financial system.