E42 - Dr. Philip Conway - Peril Pricing in Insurance & What Does It Mean for You

Dr Philip Conway offers the unique intersection of skills and
expertise that make him perfect for the job of the Perils Pricing
Manager at Insurance Australia Group Limited (IAG).


He has a background in engineering with a PhD in hydrodynamic
modelling along with extensive working experience in natural
disaster control as a flood engineer. Prior to joining IAG, he
was Flood Engineer and Design Engineer at WMAwater and Atkins
respectively. He has also written and published multiple papers
on related subject areas. His research topics include Australian
flood risk to climate drivers and role of exposure, capital, and
infrastructure in post-disaster recovery among others.


IAG is Australia and New Zealand's largest general insurance
company. The company has been helping people recover from natural
disasters, accidents, and loss since 1851. They provide insurance
services under many leading brands in Australia and New Zealand.
They underwrite over $11 billion of premium per annum. Extending
beyond paying claims, the organisation is increasing awareness of
risk and helping communities reduce and prevent risk.


At IAG, Philip leads a team for natural perils and reinsurance
pricing engine development and advises c-suite executives on
regulatory protection level requirements and group stress tests.
He has also worked on numerous solution designs and developments
related to address-level earthquake rates, benchmarking of vendor
catastrophe models, deterministic volcano model, generating storm
damage footprints, flood risk, and climate change.


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