Risk Mitigation Activities
RenaissanceRe – A Positive Force For Change
For 20 years, RenaissanceRe has been committed to being a leader in researching and modeling atmospheric hazards and the economic impact of catastrophic storms. As a reinsurance company, large insurance companies around the world are our primary clients – and their millions of homeowners are our ultimate clients.
By being a positive force for change by creating and sponsoring numerous risk mitigation efforts, we believe we can:
- Increase the resiliency of storm-exposed communities by introducing them to the most effective mitigation techniques and products
- Reduce the frequency of claims and the severity of the financial impact of storms to the (re)insurance industry
RenaissanceRe Risk Mitigation Efforts
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The RenaissanceRe Risk Sciences Foundation
|RenaissanceRe created the RenaissanceRe Risk Sciences Foundation to support advanced scientific research in natural catastrophes, the development of risk mitigation and adaptive techniques to safeguard communities, efforts that reduce the economic turmoil following disasters, and organizations that preserve coastal and other risk-exposed habitats.The Foundation promotes education, preparation, adaptation and mitigation of catastrophic risks through a number of activities, including as the primary sponsor of the Risk Mitigation Leadership Forum Series, StormStruck, the RenaissanceRe Wall of Wind, the Insurance Institute for Business and Home Safety, and the Federal Alliance for Safe Homes.|
|RenaissanceRe invests in cutting-edge weather risk research like the RenaissanceRe Wall of Wind so we may help our clients and storm-exposed communities better understand their vulnerabilities to storm hazards and, ultimately, help build safer, more resilient communities.The RenaissanceRe Wall of Wind was launched in 2007 as a public-private partnership with the International Hurricane Research Center at Florida International University.It revolutionized wind engineering research by replicating the effects of Category 3 Hurricane winds and rain on full-scale residential structures and building components a laboratory environment.The RenaissanceRe Wall of Wind was featured in the Wall Street Journal, Newsweek, Discovery Channel, ABC World News Tonight, and USA Today.|
|Our award-winning series of 11 forums featuring world-renowned speakers have been attended by over 4,000 disaster-safety representatives. These invitation-only events bring together emergency responders, scientists, policy-makers, academics, and private sector representatives to advance natural hazards risk mitigation efforts and awareness. Our forums to date are as follows:
RenaissanceRe is the proud recipient of the 2011 National Hurricane Conference Outstanding Achievement Award in recognition of our Risk Mitigation Forums and “for outstanding and innovative achievement in any hurricane-related activity, which serves as a model to others”.
|Insurance Institute for Business and Home Safety (IBHS)RenaissanceRe is a proud sponsor and founding supporter of IBHS and their Research Center. IBHS is a nonprofit, scientific research organization wholly supported by the property insurance industry. IBHS works to reduce the social and economic effects of natural and man-made disasters, as well as other risks to residential and commercial property by conducting research and advocating improved construction, maintenance and preparation practices.Their state-of-the-art, multi-peril research facility in South Carolina launched in 2010 provides: