Workshops Insurance Quantum Risk Modelling

Insurance Full Day Workshop

Quantum Risk Modelling for Insurance Underwriters

Catastrophe models run overnight. Reserve calculations take hours. Capital optimisation across business lines is a combinatorial problem that classical solvers approximate rather than solve. Quantum computing promises speed-ups for all three. This workshop separates the credible from the speculative and gives actuarial teams a framework for evaluating when to pilot.

Full day (6 hours + Q&A)

In person or online

Max 30 delegates

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Workshop Description

Quantum Amplitude Estimation offers a theoretical quadratic speed-up for Monte Carlo simulation. For catastrophe modelling, this translates to reducing a 10-hour overnight batch to approximately 3 hours with equivalent confidence intervals, or achieving tighter confidence bounds in the same run time. The algorithm encodes loss distributions as quantum states and uses quantum interference to estimate expected values with fewer samples than classical random sampling requires.

QAOA (Quantum Approximate Optimisation Algorithm) addresses the combinatorial problems that actuaries face in reinsurance treaty structuring and Solvency II capital allocation. Optimising excess-of-loss layer attachment points, quota share percentages, and aggregate deductibles across a multi-line book is NP-hard. Classical solvers use heuristics that find good solutions but rarely the optimal one. QAOA explores the solution space more efficiently for problem sizes that fit on current hardware, though production-scale reinsurance portfolios remain out of reach on NISQ devices. This workshop maps both QAE and QAOA against real actuarial workflows, gives honest hardware assessments, and builds a vendor evaluation framework specific to insurance.

What participants cover

Quantum Amplitude Estimation for Monte Carlo: encoding catastrophe loss distributions, estimating expected annual loss, and reducing cat model batch run times
QAOA for reinsurance portfolio optimisation: formulating treaty structures as QUBO problems, Solvency II SCR optimisation across business lines
NISQ hardware assessment: IBM and Quantinuum demonstrations at 50-100 qubit scale achieve benchmark-specific performance comparisons, not general advantage
D-Wave quantum annealing: practical experiments in financial portfolio optimisation and direct applicability to insurance capital allocation
Vendor evaluation framework: IBM Quantum Network, AWS Braket, Azure Quantum, D-Wave access models and pricing for insurance pilot programmes
Timeline and investment planning: NISQ-era pilots (2025-2028), early fault-tolerant applications (2029-2032), production deployment (2032+)

Preliminary Agenda

Full day workshop structure with scheduled breaks. Content is configurable to your organisation's cat modelling platform, actuarial toolchain, and Solvency II reporting requirements.

#	Session	Topics
1	Actuarial Computing and Its Quantum FrontierWhere current infrastructure hits walls and quantum may help	Monte Carlo simulation in insurance: catastrophe modelling, reserve calculation, pricing, and capital allocation Computational bottleneck: typical cat model run times (RMS RiskLink, AIR Touchstone) and why overnight batch windows constrain decision speed Quantum Amplitude Estimation (QAE): the theoretical quadratic speed-up for Monte Carlo and what it means for run time reduction
2	QAE for Insurance Risk QuantificationQuantum Amplitude Estimation applied to actuarial problems	QAE algorithm structure: how amplitude estimation replaces classical random sampling with quantum interference Catastrophe model acceleration: encoding loss distributions as quantum states and estimating expected annual loss (EAL) Reserve calculation: QAE for loss reserve development triangles and incurred-but-not-reported (IBNR) estimation Current hardware reality: IBM and Quantinuum demonstrations at 50-100 qubit scale achieve benchmark-specific performance comparisons only, not general advantage
Break, after 55 min
3	QAOA for Portfolio Optimisation in InsuranceCombinatorial optimisation for reinsurance and capital allocation	Reinsurance treaty structuring as a combinatorial problem: optimising excess-of-loss layers, quota share percentages, and aggregate deductibles Capital allocation under Solvency II: QAOA for optimising SCR (Solvency Capital Requirement) across business lines Formulating insurance optimisation as QUBO: the mapping from actuarial objective function to quantum hardware D-Wave quantum annealing: practical experiments in financial portfolio optimisation and their insurance applicability
4	Interactive Demonstration: QAE on a Simplified Cat ModelFacilitator-led walkthrough of quantum amplitude estimation on a catastrophe loss distribution	Encoding a simplified hurricane loss distribution (10 loss scenarios) as a quantum state Running QAE to estimate expected annual loss and comparing output against classical Monte Carlo baseline Interpreting confidence intervals and error bounds: what quantum estimation gives you versus classical sampling
Break, after 60 min
5	Vendor Landscape and Pilot DesignEvaluating quantum computing providers against actuarial requirements	IBM Quantum Network, AWS Braket, Azure Quantum, D-Wave: access models, pricing, and insurance-relevant benchmarks Pilot selection criteria: which actuarial problems to test first (pricing speed, reserve estimation, capital optimisation) Total cost of quantum experimentation: hardware access fees, quantum software developer hiring, integration with existing actuarial platforms Timeline: NISQ-era pilots 2025-2028, early fault-tolerant applications 2029-2032, production deployment 2032+
6	Q&A and Pilot Planning

Designed and Delivered By

Workshops are designed and delivered by QSECDEF in collaboration with sector specialists. All facilitators have direct experience in both quantum technologies and insurance systems.

QSECDEF brings world-leading expertise in post-quantum cryptography, quantum computing strategy, and defence-grade security assessment. Our advisory membership spans 600+ organisations and 1,200+ professionals working at the intersection of quantum technologies and critical infrastructure security.

Insurance workshops are co-delivered with sector specialists who bring direct operational experience in actuarial modelling, catastrophe risk assessment, and capital management within Lloyd's syndicates, composite insurers, and reinsurers.

Quantum technologies are evolving quickly and new developments emerge regularly. This page was last updated on 15/03/2026. For the most current information about course content and suitability for your organisation, we recommend contacting us directly.

Commission This Workshop

Sessions are configured around your cat modelling platform, actuarial toolchain, and capital optimisation requirements. Get in touch to discuss requirements and schedule a date.

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