Research and Development - Argo Group

Who We Are

Argo Group is focused on helping businesses stay in business. To achieve that mission we constantly explore the evolution of our clients’ industries, the corresponding threats, and how to minimize or even eliminate their effect on business. We have built a robust research and development (R&D) program creating state-of-the-art models outperforming the competition in risk selection, maximizing return on equity while minimizing capital expenditures.

Areas of focus in constant states of change from a variety of factors include Cyber, Clean Energy, Natural Catastrophes (CAT), Climate Change, Mortgages and Pandemics.

“As global climate continues to change, it’s predicted that while hurricanes may become less frequent overall, they are likely to be more intense, with stronger winds and extreme precipitation. The intensity of storms creates a growing problem as well as an opportunity for our industry, particularly in the U.S., where flood insurance reform has become an urgent priority for both the industry and government institutions.”

Federico Waisman, Ph.D., Argo Group SVP, Research and Development

Our Research & Data Models

Argo Group has organized external events to raise awareness within the reinsurance market of the various third-party models and their underlying assumptions and data and, specifically, their application in the context of climate risk/climate change.

High flood waters beneath a highway overpass

The U.S. Flood Model Showcase

Overview and analysis of the new U.S. inland flood models from all the major CAT modeling firms along with commentary on the results and their implications for the industry.

View Showcase

The U.S. Hurricane Model Showcase

Overview and analysis of the U.S. hurricane models from 2017 events from all the major CAT modeling firms along with commentary on the results and their implications for the industry.

View Showcase

Argo Group recognizes the impact of climate change on the global community, affecting nearly every sector of business. It has been the inspiration for the development of new clean energy models. It is a catalyst for the predictive climatology models that call for stronger and more frequent hurricanes, earthquakes, droughts, wildfires and floods. The changing climate is expected to add fuel the fires of political instability in certain global markets.

We have developed our own view of risk, which is used to make underwriting and management decisions. It is based on a combination of third-party vendor models, plus our proprietary adjustments.

In cases where a model does not exist or is not appropriate, we have developed proprietary models: for example, for North American wildfires, marine, political violence, clean energy and others.

Argo Group is an active participant in ClimateWise, a global insurance industry leadership group facilitated by the University of Cambridge Institute for Sustainability Leadership. In 2019, we were honored to have Argo Group SVP, Head of Analytics, Dr. Federico Waisman elected to the ClimateWise Managing Committee. Argo Group has also organized external events, linked below, to raise awareness within the reinsurance market of the various third-party models and their underlying assumptions and data, and specifically, their application in the context of climate risk/climate change.

We developed the Argo View of Risk (AVR) to keep current through the development of our own proprietary models and calibrated with validated models from third-party vendors. We constantly review and analyze risk through this lens in order to develop new services, tools and products, and improve existing ones.

Since the AVR informs our team’s work, it is vital that it stay current. Doing that requires continual work by a dedicated team of innovative peril scientists armed with extensive insurance experience. They provide tools to Argo Group’s underwriting divisions that allow them to outsmart the competition in risk selection and return on equity while minimizing capital requirements.

The Argo Group Perils Steering Committee (PSC) governs potential changes to the AVR. Its recommendations are communicated to the Group Internal Model Steering Committee, Group Property Steering Committees and the Executive Group. Any changes are reviewed and challenged by key stakeholders in the appropriate business. Once ready, they are submitted for approval to the PSC.

Conferences & Events

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Upcoming Past Events Reset

RMS Exceedence 2020

Rising to the Climate Change Challenge: Managing Regulatory Certainty for an Uncertain Risk

 May 5, 2020
 Virtual

Moderated by Federico Waisman

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CAT Risk Management & Modelling Conference

Model Review: Flood from US Hurricane

 March 12, 2020
 London

Moderated by Federico Waisman, Elizabeth Harris, Marco Carenzo

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CAT Risk Management & Modelling Conference

Climate Change: Science, Modelling, Regulation and Initiatives

 March 11, 2020
 London

Moderated by Federico Waisman and Elizabeth Harris

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AGU Ocean Sciences Meeting

Drivers of Multi-decadal North Atlantic Warming in Relation to Hurricane Frequency by Elizabeth Harris

 February 26, 2020
 San Diego

U.S. Flood Model Showcase

Model Comparison: Flood From US Hurricane – Vendor Model Evaluation And Analysis

 November 17, 2017
 London

Moderated by Federico Waisman

Watch Presentation

CAT Risk Management & Modelling Conference

UK Flood Model Comparison

 March 1-2, 2017
 London

Moderated by Federico Waisman

CAT Risk Management & Modelling Conference

US Hurricane Vendor Model Comparison

 March 3-4, 2016
 London

Moderated by Federico Waisman

IUA Catastrophe Risk Management Conference

Where could the next large catastrophic insured loss be?

 October 4, 2013
 London

Moderated by Federico Weisman