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The most powerful earthquake in Japan's recorded history struck off the
country's northeast coast on 11/03/2011
leaving thousands of people dead
injured or missing. It was a such unprecedented strength that it cause the
island of Honshū to move eight feet eastwood with the magnitude of 8.9
the earthquake triggered an extremely destructive tsunami with waves
of up to 40-50 meters which in some cases traveled up to ten
kilometers inland
immediately after an event such as the japanese earthquake my team is involved
in trying to *** and estimate what the loss potential could be
for SCOR
therefore account committee is in place with representatives from group risk
management as well as from the division
the committee is in charge of supervising the allocations of the
underwriting capacitors complying with SCOR ERM process
Risk is the raw material of reinsurance and re-insurance companies
constantly face and pay this risks
through a strong enterprise risk management an affair a governance
process across the whole group
SCOR management is making sure that risk underwriting creates value in the
interest of SCOR shareholders