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Gero Michel

Global Head of Underwriting Decision Support

AIG

"Dr. Gero Michel is the Global Head of Underwriting Decision Support at AIG and responsible for all analytics associated with the global CUO office at AIG. Before this, Dr. Michel was Chief Risk Officer of AIG Re including Validus Re, Talbot Re, and AlphaCat, the related investment manager and part of the executive board of AIG Re.

Dr. Michel has over 30 years of risk management and risk analytics experience and over 20 years of insurance and underwriting experience. Prior to this, Dr. Michel headed up Analytics for AON Reinsurance EMEA/UK and was Managing Director of Chaucer Underwriting A/S in Copenhagen, Denmark and responsible for the insurance and reinsurance business underwritten out of Copenhagen. Dr. Michel also served as Senior Vice President, Chief Risk Officer and Head of Risk Analytics at Montpelier Re where he was responsible for innovations in risk supervision, underwriting strategy, risk reporting, as well as the Montpelier Group’s own view of risk and risk modeling, along with being responsible for risk analytics for Blue Capital, Montpelier Re’s investment manager. Dr. Michel also oversaw climate risk model development at RMS and has worked for Sompo International (formerly Endurance Specialty Holdings Ltd.), Willis Towers Watson (formerly Willis Group) (Managing Director of Willis Research Network and Model Development), and Hannover Re.

Dr. Michel holds a Ph.D. and a MSc in Geoscience from the University of Tübingen, is a Harvard Business School Alumni, and has been an adjunct professor and lecturer for universities, most recently at Frankfurt Business School and the University of Western Ontario, Canada. Dr. Michel is the author of numerous papers presented at conferences and for inclusion in science and insurance magazines and was the principal editor and organizer of one of the more recent books on “Risk Modeling for Hazards and Disasters” (Elsevier, 2018).

SESSIONS

Day 1

9:30

Panel Discussion: Retrospective Look at Key Extreme Events and Risks in 2024

  • A deep dive into the key extreme Nat-CAT events of 2024, including:

      - Japan Earthquake

      - Hurricane Milton

      - SCS in Europe & US i.e. Italian Hailstorms

      - Europe Wildfire

      - Central European Floods

  • Exploring how different types of extreme events (e.g. wildfires and earthquakes) interconnect and compound one another

  • Evaluating model performance and the market’s response to these extreme events

  • Assessing underwriting strategies for risk appetite and pricing in response to risks in 2024

Moderator: Emma Watkins, Head of Exposure Management & Aggregation, Lloyd’s

Christian Wittmann, Head of Natural Perils Modelling, Munich Re

Anna Neely, Managing Director - Head of Catastrophe R&D and Cat Response, HowdenRe

Gero Michel, Global Head of Underwriting Decision Support, AIG

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