The European Forum for Risk and Insurance professionnals
Philip Brandl, Manager Risk Engineering Services EMEA, Swiss Re Corporate Solutions
Why is participating at a European risk management event important to you?
It is Swiss Re Corporate Solutions’ vision to become one of the few undisputed carriers to provide first-class insurance solutions leading international programmes. As client demands change and develop, offering an « off-the-shelve » risk engineering support is not enough. We are dedicated to listen to our customers, identify risk management needs and help find tailor-made and bespoke solutions. FERMA offers the ideal platform to learn, listen, and to further develop and promote the technical solutions we offer.
What does “Aim for the Future” mean to you?
The insurance world is changing. Clients strive to understand what service and cover they buy and how fit they are for the future risk landscape. Traditionally, insurance, including risk engineering solutions, had the tendency of « looking back », analyzing past loss experience and crafting the best estimated guess about the future. Our availability to process and interpret unlimited amounts of data, the interconnectivity and complexity of modern-world supply chains and our strong industry focus present a great opportunity to develop future-oriented innovative offerings. The future risk assessor will need to be ready to identify problems and offer solutions across multiple lines of business and topics and to assess how a client’s risk will develop over time. This includes the challenge: How to protect specialized expertise while unlocking its full potential to foresee trends and future needs?
You will be presenting « The impact of climate change on supply chains – Using drones to strengthen resilience against flood risks », what would you like the audience to remember after your session?
I would like the audience to remember that, firstly, the impacts of climate change will dominate our children’s and following generations’ future. By the end of the century, its costs will account for 20 percent of the world’s GDP. Secondly, climate change and climate adaptation will play a major economic role in a company’s and in a country’s, city’s or town’s balance sheet.
And thirdly, cost-effective measures to better protect against the impact of climate change already exist today. An example is our flood risk assessment tool called FLOAT that helps companies assess the flood risks of plants and other facilities. FLOAT uses drones to capture location-specific elevation data. The collected data-set is transformed into a visualization of the facility, including an interactive simulation that shows potential vulnerabilities and low-points. This, ultimately, enables decision-makers to get most « bang for the buck » when budgeting climate adaptation investments.