Enquiries +442076183094 [Teams]

ABDESSAMAD EL ANGOUDI

Head of Agriculture for EMEA and International Parametric Expert, GALLAGHER RE

Abdessamad EL ANGOUDI has recently joined Gallagher Re as the Head of Agriculture for EMEA and International Parametric Expert, based in the Dubai office. Prior to this, he spent 13 years at Liberty Mutual Re, where he served as a Senior Underwriter in the Agriculture and Parametric team. Before that, he was part of the Property CAT Treaty team and held various roles in actuarial pricing and CAT modelling. Abdessamad also worked as an ILS analyst at SCOR. He holds an Engineering degree from INSA Normandie and is a French actuary, graduated from CNAM.

Social Profiles

All Sessions by ABDESSAMAD EL ANGOUDI

  • 28 April - Monday


  • 10:00  - 10:30

    CHAIR: David Benyon, editor, Global Reinsurance

    Natural catastrophe exposure across MEASA could present a significant avenue for growth for the DIFC. The protection gap – the difference between economic losses and insured losses – for this region is higher than most, and most cruelly revealed when a disaster strikes. Earthquakes and cyclones are not unknown in the Middle East region itself. Turkey and Syria, for instance, suffered a severe earthquake in February 2023; Oman has been battered by cyclone activity in recent years; even

    Natural catastrophe exposure across MEASA could present a significant avenue for growth for the DIFC. The protection gap – the difference between economic losses and insured losses – for this region is higher than most, and most cruelly revealed when a disaster strikes.
    Earthquakes and cyclones are not unknown in the Middle East region itself. Turkey and Syria, for instance, suffered a severe earthquake in February 2023; Oman has been battered by cyclone activity in recent years; even Dubai in 2024 suffered from the effects of sudden and heavy rains.
    The region already has some national government-led natural catastrophe backstops, such as the successful example of Oman. Looking to the way the industry interacts with such schemes globally, reinsurance providing retrocessional support to public private partnerships, such as national level natural catastrophe protection funds, is one potential avenue for regional nat cat re/insurance growth.
    Property reinsurance buying at local insurer level in MEASA markets has been characterised by proportional treaties, rather than the excess-of-loss structures that tend to go with property catastrophe risk. This might change in the wake of recent loss events, with non-proportional buying is now the direction of travel.

    MAIN STAGE - LIGHTNING TALKS
    Where
    Main Stage



Share

ABDESSAMAD EL ANGOUDI