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Natural Hazards for Insurers
A combination of climate change, increasing urbanization and wealth concentration, and mounting exposure to natural hazards, are progressively ramping up economic and insured losses and imposing growing pressure on insurers and reinsurers to seek ways of limiting exposure. One of the most effective is through developing a better understanding of natural hazards, the processes that cause them, and the means by which their impacts on the market can be mitigated or avoided.
Top hazard scientists at UCL and other leading academic institutions have worked with the Under 35s reinsurance group and market professionals, to develop this targeted and flexible course designed to address the needs of the insurance market. The programme is part-time and taught within three blocks over a period of 10 months. Total course length is 600 hours, of which 140 hours is 'contact time' with tutors. This takes the form of lectures, seminars, and discussions.The balance is made up of directed reading, essay writing, problem-solving exercises and the preparation of an independent project report. Out-of-office time is limited to 20 afternoons during the taught part of the programme.
Strong emphasis is placed on developing an improved understanding of natural hazards - the nature of available data, the conclusions we can draw from them, limitations, and relevant cutting-edge research. Content focuses on hazards of most interest to the market - windstorm, flood and earthquake - but also addresses geotechnical issues such as contaminated land and energy resource issues.
The two 10 week taught modules - Geological & Geotechnical Hazards and Meteorological Hazards - are timetabled to run, respectively, in October-December and January-March. The Independent Project is undertaken during April-July.