National Insurance Conference of Canada

Loews le Concorde, Quebec City, Canada
September 30, 2012 - October 2, 2012

Kyle Beatty, CCM, AER’s VP Business Solutions and Swiss Reinsurance Company Ltd.’s Senior Emerging Risk Manager, Iordanis Chatziprodromou, will discuss "Space Weather and Grid Infrastructure Risk", at the National Insurance Conference of Canada (NICC).

Solar Storms in form of Coronal Mass Ejections (CME) and Solar Flares can cause near earth geomagnetic disturbances at varying levels of severity and frequency. Strong space weather events can affect satellites in space as well as high voltage power lines and transformers on the ground. In 1989, a very strong geomagnetic storm caused a 9 hour power outage over the whole province of Quebec in Canada.

The biggest recorded event was in 1859, a Super Storm known as the Carrington Event. Auroras around the world were seen as far south as the Caribbean. Telegraph systems failed in Europe and North America. If such an event were to happen today, the implications on today’s electrical power grid might be of enormous scale although there is a lot of technical potential available in reducing the risk of such an impact.

The fragility of the North American power grid infrastructure as well as the mind boggling amount of exposure today’s electricity dependent society has compared to exposure in 1859 and even 1989 will be covered in this discussion.

Click here to read about AER’s ground-breaking research in the Space Weather Industry Initiative where AER pioneered the first technology to fully assess the likelihood of power outage, from advanced space physics to the complex and interdependent electrical grid infrastructure.

The discussion on "Space Weather and Grid Infrastructure Risk" will be on October 1st from 3:30pm-5:00pm Click here for NICC's full agenda.