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Chapter Meeting

Beyond Claims – How Insurance Market Is Navigating Natural Catastrophe Events

October 8, 2025 6:00 PM | Hungary Chapter | Online

Details

October 8, 2025
6:00 PM - 7:30 PM |

Online
Link Emailed Upon Registration

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GARP Budapest Chapter hosted in association with Hungarian Actuarial Society

Natural catastrophes are becoming more frequent, more severe, and more costly. From devastating wildfires and hurricanes to unprecedented floods and droughts, the impact of these events extend far beyond human and environmental tolls, they shake financial systems and test the resilience of the insurance sector too. 

Join the GARP Budapest Chapter for an online discussion among industry experts as they examine more specifically how physical risks are evolving across the continent, with insights into regional vulnerabilities and adaptation strategies, as well as how the insurance market has responded to these events. We will also examine expected changes in regulatory requirements as well. 

Key topic we'll cover include:

  • How physical risks are evolving across Europe, with insights into regional vulnerabilities and adaptation strategies.
  • How insurance experts are adjusting underwriting practices, pricing models, and portfolio exposures in response to climate change.
  • Understand how European regulators are directing the insurance market to incorporate sustainability considerations into their insurance operations, with particular regard to climate change and environmental risks.

Topics: Physical Risk, Transition Risk, Nature Risk Management

Speakers

Dr. Frank Schiller

Dr. Frank Schiller

Group Actuarial Function & Head of Internal Model, MünichRE
Dr. Frank Schiller

Dr. Frank Schiller

Group Actuarial Function & Head of Internal Model, MünichRE

Dr Frank Schiller has been Head of Risk Analytics and Reporting in Integrated Risk Management at Munich Re since 2024 and holds the Actuarial Function for the Munich Re Group. Prior to this, he was Head of Actuarial & Pricing for Life and Health Reinsurance at Munich Re for the European and Middle Eastern markets from 2015. In this position, he was responsible for pricing, data analytics and business development. Prior to this appointment, he was Chief Risk Officer at Swiss Life from 2011 to 2015, initially for the Swiss market and later as a member of the Executive Board for the German market. From 2001 to 2011, he held various positions as an actuary and risk manager at ERGO Direkt and Munich Re.

Dr Frank Schiller is a member of the Executive Board and Chair of the Enterprise Risk Management Committee of the German Actuarial Association (DAV). He is a member of the Executive Board of the Actuarial Association of Europe (AAE) and was previously Deputy Chairman of the Risk Management Committee and Chairman of the Sustainability and Climate Risk Working Group.

Dr Frank Schiller holds a degree in mathematics and a doctorate in stochastics from Friedrich-Alexander University Erlangen-Nuremberg. Frank has been a certified actuary (DAV) since 2004 and a certified enterprise risk actuary (CERA) since 2013.

Alexandra Berényi

Alexandra Berényi

Sustainable Finance Data Scientist, Morgan Stanley
Alexandra Berényi

Alexandra Berényi

Sustainable Finance Data Scientist, Morgan Stanley

Alexandra is a data scientist in sustainable finance with a PhD in climate research. Her work focused on extreme events and climate variability, contributing to several projects in climate science. She now applies this expertise to bridge climate science and finance, with a focus on understanding and quantifying physical climate risks.

Norbert Holczinger

Norbert Holczinger

Head of Sustainable Finance Department, Central Bank of Hungary (MNB)
Norbert Holczinger

Norbert Holczinger

Head of Sustainable Finance Department, Central Bank of Hungary (MNB)

Norbert Holczinger is the Head of Sustainable Finance Department at the Central Bank of Hungary (MNB). He is responsible for the MNB’s Green Programme. He coordinates supervisory actions to identify and mitigate environmental risks and to expand green financial services in Hungary. Norbert graduated as a Quantitative Economic Analyst, also holds a Finance and MBA degree. Currently he is a PhD student at the Budapest University of Technology and Economics. 

Moderators

Gábor Hanák

Gábor Hanák

Former President, International Actuarial Association
Gábor Hanák

Gábor Hanák

Former President, International Actuarial Association

Gábor has spent over three decades in the insurance industry, mostly as an actuary serving insurers as an employee, an external adviser, and an external auditor in Hungary and in the Central Eastern European region. He has played a significant role in advancing the actuarial profession and professional actuarial associations in Hungary, in Europe and globally.

Chapter Directors

Peter Sziklai
Executive Director, Morgan Stanley

David Marczis
Senior Risk Manager, Magyar Nemzeti Bank (the central bank of Hungary)

Committee Members

Tamas Gombar
Quantitative Analyst Vice President, Citi

Csaba Novaky
Vice President, Morgan Stanley

Norbert Pálmai
Quantitative Research Vice President, BlackRock

Daniel Homolya
Enterprise Risk Management, Managing Director, OTP Group

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