The new academic partners bring additional science to confront the industry challenges of managing extremes and supporting sustainability through research in natural catastrophes, building vulnerability, life reinsurance, capital modelling, workers’ compensation and other fields.
The new WRN members, senior academics and selected areas of collaboration include:
- NOAA Geophysical Fluid Dynamics Laboratory, Princeton: Prof. Isaac Held (Tropical Cyclones)
- Florida Catastrophic Storm Risk Management Center, Florida State University: Prof. Patrick Maroney (Tropical Cyclones)
- University of Oklahoma, School of Meteorology: Prof. Harold Brooks (Tornado & Hail)
- School of Engineering, University of California, Merced: Prof. Anthony Westerling (Wildfire)
- Institute of Building & Home Safety, North Carolina: Julie Rochman. (Building Vulnerability)
- Climate Decision Making Center, Carnegie Mellon University: Dr. Iris Grossmann (Climate Impacts)
- School of Civil & Environmental Engineering, Georgia Tech: Prof. Glenn Rix (Marine Port Seismic Risk)
- Wharton School, University of Pennsylvania: Prof. Howard Kunreuther (Catastrophe Risk Financing & Public Policy)
- Department of Strategic General Management, Fox School of Business, Temple University: Prof. James Hutchin (Sustainability & Risk Management)
- Department of Risk Management and Insurance, Georgia State University: Prof. Richard Phillips (Economic Capital Modelling, Life Reinsurance)
The new institutions join four existing US WRN members at Princeton, the National Center for Atmospheric Research, Scripps Institute and the University of Colorado.
Commenting on the growth of the Network, Jim Bradshaw, CEO, Willis Re North America, said: “The WRN is delivering remarkable improvements in the breadth and quality of science and modelling that will not only aid our clients in their risk management and reinsurance decision-making, but also assist society at large in its efforts to protect exposed populations and property. We are delighted to support such a broad spectrum of leading US institutions and bring their work and expertise to help our clients and the industry to achieve new levels of understanding and capability.”