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AIR & RenRe collaborate on probabilistic casualty risk model

AIR Worldwide and Bermudian reinsurance firm RenaissanceRe are collaborating on the development of what they call the industry's first probabilistic casualty catastrophe risk model, which the pair say will enhance the industry's modeling of long-tail casualty risk.AIR's parent Verisk Analytics announced the acquisition of Arium, an independent company focused on read the full article →

AIR to get casualty risk modelling ability with Arium acquisition

Risk modelling firm AIR Worldwide will benefit from liability and casualty risk modelling abilities after parent company Verisk Analytics announced the acquisition of Arium, an independent company focused on liability risk modeling and decision support.This acquisition is expected to enable AIR to provide risk modelling products and analytics for the read the full article →

Casualty catastrophe risks remain (mostly) out of reach of ILS capital

The practice of successfully and accurately modeling casualty or liability catastrophe risks is something that continues to prove difficult for insurance and reinsurance firms, making them most likely a slow area of expansion for ILS and alternative capital.As the unpredictability, increased frequency and severity of events continues, and technological limitations read the full article →