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8 October 2024News

Schlosser to deliver keynote speech in science session

A trailblazing climate scientist will deliver a keynote address on the  intersection between climate change, ocean science, and risk management at this year's convergence conference. 

Peter Schlosser, vice provost of Global Futures at ASU and Director of the Global Futures Laboratory, is one of the world’s leading earth physicists. He specialises in the Earth’s hydrosphere and the impact of human activities on the planet's natural state. Peter holds joint appointments in the School of Sustainability, the School of Ocean Futures, the School of Earth and Space Exploration, and the School of Sustainable Engineering and the Built Environment.

Under his leadership, the Global Futures Laboratory brings together experts from natural sciences, social sciences, humanities, engineering, medical sciences, and other fields to develop solutions that foster a thriving future for all.  

Scholler's keynote address at 1.45pm on Wednesday at kicks off an afternoon designed to examine how scientific research can help the ILS industry to present solutions to many of the world's biggest risk transfer problems and protection gaps.  

Other sessions include "Risks and Opportunities on the Leading Edge of Science", moderated by ASU BIOS chief operating officer Mark Guishard, which will share with attendees some select cutting edge research initiatives including climate, ocean health, water and biodiversity.  

"Panel members will also discuss how risk bearing market participants can incorporate leading scientific findings in risk management, new product development, and other business process," Convergence said. "While the focus will be global, several panelists will discuss potentially game changing research underway from or in the waters of Bermuda.  The discussion will reflect how the ILS community, investors can collaborate with science to drive both healthy returns and global economic resilience." 

other members of the panel include: Elizabeth Harris, VP Modelling & Research, Ariel Re, Upmanu Lall, Professor, School of Complex Adaptive Systems, Arizona State University; 

Amy Maas, Assistant Professor, School of Ocean Futures Faculty, Arizona State University; and Brennan Phillips, Associate Professor of Engineering, University of Rhode Island. 

Lall is a a renowned expert in water systems and climate risk management, and will bring his extensive experience in climate resilience to the forefront, while Phillips, currently in residence at BIOS, will present his groundbreaking work with deep-sea sensors and the development of verifiable data that could revolutionise our understanding of ocean dynamics. 

The final session of the day is "Sandboxes, Reforms and a Return to Basics – How Regulatory Innovation Can Promote Adaptation, Mitigation and Protection Gap Reduction". 

"This session will bring together international regulators, including Tim Temple, Louisiana Commissioner of Insurance, and leaders from the Bermuda Monetary Authority and Lloyd's of London, to discuss how innovative regulatory frameworks can support the development and deployment of new financial products aimed at mitigating emerging risks, closing protections, and providing consumers with more choice and more effective protection. 

"The panel will provide insights into the role that regulators can play in fostering a supportive environment for science innovation within the financial sector, particularly in the ILS market."

The session will be moderated by John Huff, president, Association of Bermuda Insurers and Reinsurers, and will feature Temple, George Alayon, Deputy Director, Supervision (FinTech), Bermuda Monetary Authority and Rosie Denée, Head of Innovation and Academy, Lloyd’s.

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