GEM Partnership Workshop
This content showcases the partnership between GEM and Zurich, focusing on exchanging methodologies and leveraging expertise in resilience and risk management. The collaboration aims to enhance knowledge sharing and further develop strategies for building resilient systems.
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Presentation Transcript
GEM Partnership Workshop Pavia, November 29, 2017 Claudio B ttcher Group Head of Property & Business Interruption Group Underwriting
Zurich Rationale for becoming a GEM founding sponsor (2008) Increase individual awareness of the risk, especially in emerging markets Support the science without interference from us Promote risk management, especially facilitated by increased awareness. For some, this might mean buy some insurance For others it would mean improve building codes, life line protection, metropolitan safety planning etc. Additional points: Corporate Responsibility Zurich Commitment (Communities) Thought Leadership Sustainable Societies 2
Zurich Perception in GEM GEM outreach Meeting 2010 Washington 3
Current collaboration Diana Contreras (GEM) and Michael Szoenyi (Zurich) are exchanging and leveraging GEM s Resilience Performance Scorecard (RPS) methodology and Zurich s Flood Resilience Program methodology (5C-4R framework) This consists of 5 capitals (human, social, physical, natural and financial) as well as 4 properties of a resilient system (robustness, redundancy, resourcefulness and rapidity). It is then translated into a risk grading scale with A being best practice and D significantly below good standard. We believe that there are opportunities for both GEM and Zurich to further leverage knowledge and expertise in the resilience area. 4
Potential future collaboration Meeting held in Zurich on November 8, 2017 for GEM: John Schneider and Anselm Smolka for Zurich s Global Cat Management: Iwan Stalder, Mathias Graf, Roland Schoebi , for Zurich s Group Underwriting Claudio B ttcher. The potential agenda is currently being worked out (some of the ideas discussed included OASIS, validation of models, closing gaps around the globe, etc.) 5
