Paul Davenport
Finance and Risk Director
Committee secretary
The Exposure Management Working Group (EMWG) supports the Lloyd’s market in strengthening catastrophe risk assessment and exposure management practices. Its key areas of focus include:
Collaborating with Lloyd’s on any proposals or changes that may impact exposure management, ensuring managing agents are represented in decision-making.
Monitoring market developments and initiatives that could influence catastrophe modelling and exposure practices.
Enhancing the role of catastrophe models in pricing, portfolio management, scenario testing and probabilistic analysis to support data-driven decision-making.
Promoting consistent approaches to data quality, benchmarking and standards adoption across the market, ensuring clarity and reliability in exposure data.
Acting as the primary liaison with model vendors to clarify technical terminology, reduce confusion and ensure alignment between practitioners and providers.
Evaluating the implications and trade-offs between using multiple models versus relying on a single vendor solution.
Exchanging insights on model-related challenges, including hardware requirements, parameter uncertainty and vendor communication practices.
Building a shared market understanding of model updates, serving as a reference point for evaluating and interpreting changes across modelling platforms.