On the morning of November 26, 2018, Dr. Shen xianneng, President of Shanghai JunYao investment management consulting partnership, was invited by our school to carry out academic work exchange activities and gave an academic report entitled “Weather Hazard. Insurance, Reinsurance, Today and Tomorrow” in conference room 310, meteorology building. Some teachers and students of the college of atmospheric science and representatives of enterprises who have cooperative relations with our university participated in the exchange, and the report was presided over by Fan guangzhou, vice President of chengdu university of information technology.

In the report, Dr. Shen introduced the impact of meteorological disaster activities on people, listed the types of catastrophe and the losses caused, and highlighted the emotional damage caused by the catastrophe. Dr. Shen pointed out that the loss caused by the catastrophe increased year by year, and the probability of the occurrence of new type of catastrophe increased, in order to ensure the interests of the people, the risk forecast work is more and more important. On this basis, Dr. Shen explained how insurance can help the management of risk and disaster from the perspective of insurance, explained people’s misunderstanding of insurance, and made a general evaluation of the work of insurance companies on the current situation of insurance participation in China. In addition, Dr. Shen made a detailed explanation on the construction of risk model, and explained the four important factors necessary for it one by one, and illustrated the role played by reinsurance companies when insurance companies could not bear the amount of risk with an example. Corresponding to the risk model, Dr. Shen introduced the RMS structured risk modeling technology and made a general explanation of the modeling steps. Taking the major agricultural risks as examples, he emphasized the close connection between meteorological work, insurance companies and agricultural risks, aiming at the different countermeasures of insurance companies in agricultural risk estimation. Finally, Dr. Shen summarized the current development level of catastrophe models, including the problems of low resolution, incomplete data and weak competitiveness caused by a small number of enterprises. He emphasized again that meteorological work occupies a large proportion in risk estimation and that meteorological science is increasingly influencing people’s lives.

After the end of the report, Dr. Shen had an exchange and discussion with the teachers and students present, focusing on the construction of risk model. President Fan once again expressed his gratitude to Dr. Shen, and asked teachers and students to improve their scientific thinking, technical thinking, engineering thinking, disaster thinking, management thinking and economic thinking, so as to improve their social vision and become inter-disciplinary talents.

[expert profile]: Shen xianneng, president of Shanghai JunYao investment management consulting partnership (limited partnership), doctor of electronic engineering from Syracuse university, master of computer engineering, senior expert member of hedge fund talent association, has many years of experience in IT and financial risk control and fintech. He once worked as IBM senior software engineer, VERITAS senior engineer, SymentacCorp. Senior engineer and senior manager. He has served as a senior engineer, software architect, managing director and general manager of a Chinese company.