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The Monte Carlo Rendez-Vous offers re/insurance executives the chance to discuss the challenges and opportunities facing their industry. Again at this year’s event, thousands of delegates congregated in the hotels, bars and cafés of the city. Intelligent Insurer pulls together some of main points of those discussions.


CATASTROPHE MODELLING As delegates arrived in Monte Carlo, many were still struggling to come


to terms with the release of RMS’s version 11 model for US Hurricane and European Windstorm and what the adjustments would mean for their coverage limits. As such, the more fundamental point of the industry’s reliance on such models was a major talking point at this year’s event.


At his official press conference, Jean-Phillipe Thierry, the former Allianz


board member who is now president of the Rendez-Vous, warned about the industry’s wide-spread reliance on external catastrophe modelling.


October 2011 | INTELLIGENT INSURER | 33


©iStockphoto.com/Sean_Warren


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