Exposure Management Committee
24th June 2025
Committee
Sanjiv Sharma
Vanessa Jones
David Singh
Key issues covered
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:
Engagement with Lloyd’s
Collaborating with Lloyd’s on any proposals or changes that may impact exposure management, ensuring managing agents are represented in decision-making.
Market awareness
Monitoring market developments and initiatives that could influence catastrophe modelling and exposure practices.
Advancing catastrophe modelling
Enhancing the role of catastrophe models in pricing, portfolio management, scenario testing and probabilistic analysis to support data-driven decision-making.
Data quality and standards
Promoting consistent approaches to data quality, benchmarking and standards adoption across the market, ensuring clarity and reliability in exposure data.
Vendor coordination
Acting as the primary liaison with model vendors to clarify technical terminology, reduce confusion and ensure alignment between practitioners and providers.
Multi-model vs single-model considerations
Evaluating the implications and trade-offs between using multiple models versus relying on a single vendor solution.
Knowledge sharing
Exchanging insights on model-related challenges, including hardware requirements, parameter uncertainty and vendor communication practices.
Model change management
Building a shared market understanding of model updates, serving as a reference point for evaluating and interpreting changes across modelling platforms.