Broking giant Aon is embracing the Open Exposure Data (OED) Standard for the risk modelling of property reinsurance placements, working alongside leading reinsurers to test the hypothesis that this can enhance the sector’s operational efficiency.
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As insurers and reinsurers continue to advance their data analytics capabilities, parametric structures will increasingly be leveraged for more traditional classes of business, according to James Harrison, UKI Head of Insurance at global data and analytics firm, Dun & Bradstreet (D&B).
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The Insurance Services Office (ISO) has announced that it is to bring Property Claims Services PCS to Canada. The new service named PCS Canada aims to provide insurers, reinsurers, brokers and other stakeholders with Canadian catastrophe information to enable them to better manage their natural and man-made catastrophe risks.
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It’s time for our monthly look at how the Swiss Re published catastrophe bond price and total return indices are fairing. You can find our commentary from last month here for comparison.
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Perils AG, the company set up by a group of leading reinsurers to aggregate and distribute European catastrophe loss data (blogged about previously here) has released it’s own estimates for European windstorm Klaus which hit France and Spain in January. They’ve released a figure of €1.55b ($2.12b) which comes in the range issued by the […]
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