RPI is currently accepting proposals for funding in 2018.
Contact us for more information.
RPI funds academic research relevant to the insurance and reinsurance industries and assists in translating your research into usable and actionable items for our member companies. Through sponsoring targeted research we offer our members unique access to scientific knowledge aimed at answering business relevant questions. By stimulating and supporting high-level research, we help you to increase the relevance of your research by turning scientific results into applications widely used in the (re)insurance industry.
We currently have interest in receiving proposals for short term (i.e. ≤1 year) projects which will enhance the understanding of catastrophic risk. Examples of the types of research we would like to pursue are as follows:
Flooding events - Economic losses in 2016 from floods in central Europe and the southern US highlight an industry desire to develop tools capable of assessing flood risk from tropical cyclone (TC), fluvial, and/or heavy precipitation events.
Paleotempestology data analyses - RPI is interested in investigating the applicability of available pre-historic data in risk analyses, with an overarching aim of refining model outputs. Existing output from paleotempestology studies can be homogenized for more direct comparison with hurricane event catalogues.
Tropical cyclone intensity metrics - RPI seeks to undertake an examination of different intensity metrics, which may more closely represent the potential for TC losses (e.g. Integrated Kinetic Energy) as compared with more traditional wind speed parameters. The development of more extensive catalogues of such metrics will allow for in-depth exploration of the relationships between storm size, intensity, wind speed distribution, storm surge inundation and associated economic loss.
Tropical cyclone hazard catalogue intercomparison - Using hazard models developed by both private sector and academic scientists, RPI is eager to facilitate an intercomparison of models used to assess the probability of TC occurrence and impacts. The successful project would provide a framework for the comparisons of available models, and examine the spread of current estimates of TC hazard.
Earthquake hazards - Over the past year, large earthquakes in Taiwan, Japan, Ecuador, Italy and New Zealand resulted in significant economic loss. RPI is keen to progress research in earthquake science, particularly studies which contribute to improving existing earthquake risk estimates for insured regions. Potential topics include (but are not limited to): empirically-based ground motion attenuation relationships, the location and geometry of seismic sources, the magnitude of potential induced earthquakes and their recurrence.
The RFPs listed above are not intended to be an exhaustive list of relevant research; if you have an idea or existing research project which could be of benefit to our members, please submit a proposal or contact us to discuss your idea(s).
Successful proposals for relevant research projects (duration of up to a year) are typically funded at an average of ~$50,000, including overhead expenses of no more than 15%. Your proposal should be around 5 pages and provide the following details:
If you feel it may help you to highlight the importance of your work, feel free to include in the proposal text, a link to a short audio/video clip. There is no requirement to do so.
Upload your proposal here.