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Insurance Solutions

Formerly Moody’s RMS

In the wake of the devastating and rapidly progressing Maui wildfires, it’s crucial for stakeholders in our industry to stay informed and understand the depth of the impacts. Four fires erupted on August 8th 2023, spanning a total of 5.7 square miles. Over 2,400 buildings have been reduced to ashes, with a tragic loss of over 100 lives, making it the deadliest US fire in more than a century. With three fires still burning and access to the area restricted, we are witnessing an unprecedented catastrophe and the gravity of this event is still unfolding.

This webinar aims to shed light on the unfolding situation, ensuring you have the information needed to make informed decisions and respond effectively.

View this webinar to gain insights into:

  • Event Overview: A detailed breakdown of the event’s timeline, affected areas, and current status.
  • Historical Context: A comparison of the Maui wildfires with past significant wildfire events, providing broader understanding of the magnitude of this disaster.
  • Impact Analysis: Our team’s in-depth analysis of the likely impacts based on current data and expert knowledge.
  • Industry Loss Estimate: A projection of the potential financial toll this event will take on the industry.

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Note: the details provided on this landing page are based on data available as of August 18th and are subject to change as more information becomes available.

Speakers

Sarah Hartley
Sarah Hartley Senior Manager, Event Response, Moody's RMS

Sarah leads the Moody’s RMS Event Response team, which is responsible for providing real-time…

Sarah Hartley
Sarah Hartley Senior Manager, Event Response, Moody's RMS

Sarah leads the Moody’s RMS Event Response team, which is responsible for providing real-time guidance and modeling products across a wide breadth of global natural catastrophes.

She has a master’s degree in Applied Meteorology from the University of Reading.

Michael Young
Michael Young Vice President, Model Product Management, Moody's RMS

Michael leads a team that establishes requirements and features for all of the Moody's RMS North…

Michael Young
Michael Young Vice President, Model Product Management, Moody's RMS

Michael leads a team that establishes requirements and features for all of the Moody's RMS North and South America climate models. Michael's responsibilities include overseeing the submission of Moody's RMS products to regulatory reviewers, such as the Florida Commission on Hurricane Loss Projection Methodology (FCHLMP).

Michael has led studies of insurance mitigation programs for the state of Florida, as well as the World Bank. In his past 14 years at Moody's RMS, Michael has also worked as a lead wind vulnerability engineer, a director of claims and exposure development, and as the head of the mitigation practice. He has worked in commercial wind-tunnel laboratories doing studies on wind loads for a variety of buildings.

Before joining Moody's RMS, he was involved in the development of Federal Emergency Management Agency (FEMA) HAZUS-MH software for hurricane risk assessment, and he taught courses on the use of HAZUS hurricane and flood components. Michael has also led studies on mitigation cost effectiveness for building codes such as the 2001 Florida Building Code and the North Carolina Building Code.

Michael holds a bachelor's degree in Civil Engineering and a master's degree from the University of Western Ontario in Canada in Wind Engineering.

RAJKIRAN VOJJALA
Rajkiran Vojjala Vice President, Model Development, Moody's RMS

Raj Vojjala is the head of vulnerability & exposure modeling at Moody's RMS. He leads a global…

RAJKIRAN VOJJALA
Rajkiran Vojjala Vice President, Model Development, Moody's RMS

Raj Vojjala is the head of vulnerability & exposure modeling at Moody's RMS. He leads a global team of engineers, scientists, and modelers responsible for damage quantification across all Moody's RMS probabilistic risk models for wildfire, hurricane, earthquake, flood, tornado, hail, and specialty risks. He also leads the exposure and geospatial modeling teams at Moody's RMS responsible for R&D on economic and insured exposure data for property, casualty, auto, and terrorism lines.

Over the last 17 years at Moody's RMS, Raj has been involved in the design & development of many of Moody's RMS flagship probabilistic risk models such as its North America Hurricane, Offshore Energy, Global Marine Cargo, and US Flood models. More recently, he co-led the development of Moody's RMS high-definition North America Wildfire model.

Raj has authored several scientific publications, led numerous post-disaster field investigations and research collaboration projects with partners in the cat modeling domain. Raj did his Masters in Structural Engineering from Stanford University and is a frequent speaker at risk management industry events.

Auguste Boissonnade
Auguste Boissonnade Vice President, Model Development, Moody's RMS

Dr. Auguste Boissonnade has more than 30 years of experience in managing and developing natural…

Auguste Boissonnade
Auguste Boissonnade Vice President, Model Development, Moody's RMS

Dr. Auguste Boissonnade has more than 30 years of experience in managing and developing natural hazard risk models  around the world. He is currently leading the development of state-of-the art wildfire modeling capabilities. He has been working at Moody’s RMS since 1992 where he was the original architect of the RMS hurricane catastrophe loss model for the US and subsequently led the technical developments of hurricane, tornado, hail and wildfire catastrophe models, weather derivatives risk products, and the ‘Post Event Loss Amplification’ modules that explicitly consider the potential indirect economic impacts following catastrophic events on insurance claims.

Auguste was detached to Asia Risk Centre (ARC) between 2012 and 2016, as Chief Technical Officer leading the development of (re)insurance crop risk models and weather-based indices agricultural contracts with teams in the United Kingdom, California, Singapore and India. Before joining Moody’s RMS, Auguste was project leader at Lawrence Livermore National Laboratory (LLNL), USA. Auguste received his Ph.D. from Stanford University.

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