Exceedance 2022 – Delivering on a World of Opportunity

Exceedance® has built a reputation over the years as a premier conference for the risk management community, one that has never been afraid to set out a bold agenda, tackle industry challenges, and work toward shared goals.

If you joined us for Exceedance on Tuesday and Wednesday, then you know this year was no exception. The all-virtual Exceedance 2022 saw attendees from around the globe join us from the comfort of their computers to explore this year’s theme: “A World of Opportunity.”

Our theme acknowledged that there are significant challenges facing the risk management community, from rising insured losses and technological and societal shifts to perhaps the biggest challenge of our lifetime – climate change. But we also wanted to show that there are many opportunities to understand what lies ahead, be part of the solution, and build businesses that can thrive.

With the range of solutions from RMS® and Moody’s Analytics together, and the depth of insight and analysis we can provide, this world of opportunity is certainly opening up.

Industry Transformation

Exceedance centered around five main keynotes. Karen White from RMS looked back at the last four years and how collectively we saw the need to transform and take advantage of new technology, such as the RMS Intelligent Risk Platform™, to propel risk analysis to new heights with the use of the cloud.

In her keynote, Karen was joined by Cihan Biyikoglu, executive vice president, product, and Moe Khosravy, executive vice president, software and platform, who introduced a new wave of innovations and a slew of new IQ applications, global peril and climate change models, and an ever-growing portfolio of RMS HD Models™.

We were also honored to be joined by Rob Fauber, president and CEO of Moody’s, who along with Mike Steel, general manager of RMS, brought the partnership between RMS and Moody’s to life. They shared the vision of how together we can realize the risk analytics demands for a growing risk community.

Climate Change Insights

Climate change was high on the Exceedance agenda, and we welcomed three highly insightful keynotes examining climate change from a range of angles.

Robert Muir-Wood, RMS chief risk officer, looked to quantify, through the use of attribution, the impact that climate change has already had on catastrophic events. He examined what effect adaptation actions have had so far in terms of mitigating climate change risk and outlined what might be coming next.

Mohsen Rahnama, RMS chief risk modeling officer, then picked up the baton and suggested that climate change presented the biggest interconnected risk with significant systemic potential, and delaying actions now will only exacerbate risk in the future. Mohsen looked at the risk analytic solutions that can help to understand and move forward with managing and mitigating climate change risk.

Lastly, Mark Carney, former governor of the Bank of England and now a UN special envoy on climate action and finance, was in conversation with Mike Steel. Mark reminded us about the need to place a value on the societal and community impact of climate change.

He presented a challenge for those in the risk management community: How can the financial sector better serve society and account for the degradation of habitats, livelihoods, and even the supply of food and water – the basics of life.

Shaping the World’s View of Risk

In addition to major press announcements, there was plenty for the market to talk about and a wealth of content to explore at Exceedance 2022. In addition to five keynotes, registered attendees selected from over 50 sessions across seven content tracks covering risk modeling, technology, environmental, social, and governance (ESG), and much more.

All content is available on demand for the next 90 days for registered Exceedance attendees, who can log in with their registration email address.

Exceedance is certainly a team effort, and we would like to thank everyone who contributed and attended – and to our Moody’s colleagues for supporting our first joint RMS and Moody’s event. We look forward to continuing the important conversations started at Exceedance, and we hope to welcome you to future RMS events.

Learn more about RMS, our solutions, and the RMS Intelligent Risk Platform.