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Updated U.S. wildfire catastrophe risk model released by AIR

Catastrophe risk modelling firm AIR Worldwide has released an updated version of its United States wildfire risk model, a timely update given the impactful start to the California wildfire season in 2018.AIR said that the updated wildfire risk model will offer users, largely insurance, reinsurance and ILS market interests, a read the full article →

AIR launches next-gen reinsurance & ILS modelling tool Touchstone Re

AIR Worldwide has announced the launch of its awaited next-generation catastrophe risk modelling software solution, Touchstone Re which is designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities.Touchstone Re, which will become the reinsurance focused component of the Touchstone modelling suite, will read the full article →

RMS lifts number of risk models available on RMS(one) to nearly 300

Catastrophe risk modelling firm RMS has announced partnerships with companies whose risk models will be available through its RMS(one) platform, taking the number of fully probabilistic models that will be available on the platform to nearly 300.RMS has announced partnerships with the following five risk modelling companies, Catalytics, CatRisk® Solutions, COMBUS, read the full article →

Catastrophe loss modelling framework Oasis launches

The Oasis Loss Modelling Framework, a not-for-profit company backed by 21 insurers, reinsurers and brokers, including Lloyd’s and leading European and North American players, has launched and is now ready for use.The initiative was announced back in 2011 at the Monte Carlo Rendezvous and for the past two and a read the full article →

Guy Carpenter advocates multiple catastrophe model approach

Broker Guy Carpenter has published a report looking at effective uses of catastrophe models by property insurers, uncertainty in risk modelling and advocating a multi-model approach to catastrophe models. The report suggests that a multi-model approach is better for estimating risk and controlling uncertainty, particularly given the ever-present factor of read the full article →