Principle 5 - Inform public policy making (continued) RenaissanceRe Risk Sciences has close partnerships Institute of Catastrophe Risk Management (“ICRM”) with the following global scientific and mitigation RenaissanceRe’s SVP Chief Underwriting Officer in organizations to enhance its risk intelligence: Singapore served on the International Advisory Board (“IAB”) for the ICRM at Nanyang Technical University • Earthquake Engineering Research Institute in Singapore. The mission of the ICRM is multi- • Florida Coastal Monitoring Program disciplinary research projects in science, engineering, • Insurance Institute for Business & Home Safety finance, technology, economics and socio-political • National Hurricane Center aspects related to catastrophe risk and to help the • National Oceanic and Atmospheric Administration community to better understand the fundamental characteristics of risks related to natural and non- • Pacific Earthquake Engineering Research Center traditional disasters such as earthquakes, tsunamis, • Risk Management Center at the Wharton School, typhoons, volcanic eruptions, floods and droughts. University of Pennsylvania The IAB is comprised of globally leading academics, • University of Rhode Island, Graduate School of researchers and representatives from the industry, Oceanography academia, research organizations and government agencies to guide the ICRM’s strategic plans. The Natural Catastrophe Data and Analytics Reference sub-principle 5.1 for further details of Exchange (“NatCatDaX”) Alliance RenaissanceRe’s engagement in research-focused industry forums. RenaissanceRe was a founding member of the NatCatDaX Alliance, which was launched at the 7th International Symposium on Catastrophe Risk Management and is an industry-led catastrophe data and analytics platform for Asia. The Alliance is a partnership with Nanyang Technological University (Singapore’s Institute of Catastrophe Risk Management), Aon Benfield, Mitsui, Risk Management Solutions and PERILS, with support by the Monetary Authority of Singapore. The aim of the Alliance was to generate a rigorous database by tapping into national and industry data. Such high- quality data, market analytics and product innovations are currently lacking in the region, and the output of this Alliance could be used to help analyze key cities and regions within Asia to understand both the insurance exposure to a loss as well as the economic exposure more generally as a result of an event. Page 21
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