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Risk models challenged in estimating complex hurricanes losses: JLT Re

Risk models are challenged when it comes to estimating losses from complex hurricane events, according to a study by reinsurance broker JLT Re, which finds that overall there is a trend towards significant loss underestimation and that accuracy suffers when events have unforseen on un-modelled) consequences.The study looked at significant read the full article →

Guy Carpenter launches satellite service for evaluating catastrophe losses

Reinsurance broker Guy Carpenter has launched a new satellite-based service, GC CAT-VIEWSM, which aims to provide initial loss estimates of catastrophe events using satellite imagery and other data sources.The new service has launched to some of Guy Carpenter's clients with exposure to the recent UK floods and the broker is read the full article →