Verisk Extreme Event Solutions (formerly known as AIR Worldwide) has appointed insurance expert, Eric Gesick, as Senior Vice President of Casualty Analytics, a position based in New Jersey.
According to Dr. Jay Guin, Chief Research Officer and EVP at Verisk Extreme Event Solutions, Gesick’s knowledge and expertise will be applied to focus on accelerating wider adoption of Verisk’s casualty modelling solutions in the re/insurance industry as the best-in-class tool for managing risk in casualty lines of business.
Gesick has almost thirty years of experience in the global re/insurance industry and over the last two years has been examining climate risk issues and solutions through academic research and advisory services.
He joins the firm from PartnerRe, where he served as Global Chief Actuary. Prior to that he served as he Global Chief Actuary, Global Chief Risk Officer, and Global Chief Underwriting Officer of AXIS Capital, with leadership responsibilities including pricing, portfolio management, underwriting standards, reserving, ERM, natural catastrophe modelling, exposure management, and capital modelling for multiple lines of business, including liability, property, and specialty insurance.
Gesick commented: “In the last few years, we have seen a growing need for more powerful industry standard modelling applications that can help insurance companies evaluate global systemic and emerging liability risk.
“The future of liability underwriting, from exposure management to pricing and portfolio management, will include modelling systemic and emerging liability risks, with integrated risk modelling and metrics.
“A robust and current view of systemic and emerging liability risk with risk modelling capability will transform the liability insurance market similar to how natural catastrophe modelling transformed the property insurance market.
“As Verisk’s liability risk modelling solutions continue to evolve, I look forward to engaging with the insurance industry to help make this future a reality.”
