Risk modelling news

An archive of all of our news articles on the topic of risk modelling. This chronological archive includes every article on Artemis related to risk models and risk modelling and their application to risk transfer transactions. For the latest news and full coverage visit the homepage.

Share

RMS launches model platform updates & new HD Euro SCS risk model

Catastrophe risk modelling specialists RMS have announced the launch of a range of product updates to its Risk Intelligence platform, including a new version of its Risk Modeler tool, updated models, plus new high definition risk models covering the European severe convective storm peril across 17 countries in the region.With read the full article →

European windstorm insured exposures rise 4.1% to €60 trillion in 2019

European windstorm exposures, as measured by insured property values, have risen to almost €60 trillion in 2019, an increase of 4.1% on the prior year according to the latest data from PERILS AG.Zurich-based PERILS AG, a provider of industry-wide catastrophe exposure, industry loss data and indices, has released a new read the full article →

WTW launches tool to track Covid-19 property exposure in real-time

Insurance and reinsurance brokerage Willis Towers Watson (WTW) has launched a tool to help risk managers assess their Covid-19 coronavirus property exposure in real-time.The tool delivers real-time, risk and analytics information as part of WTW's Global Peril Diagnostic modelling tool, which now offers up-to-date information on confirmed global COVID-19 cases read the full article →

RMS names Michael Steel as Global Head of Business Development

Global catastrophe risk modeller RMS has appointed Michael Steel, who previously served as the Group Chief Risk Officer at AXIS Capital, as Global Head of Business Development, joining the RMS Executive Committee.Steel first joined RMS in 2016 as Global Head of Risk Solutions and prior to his appointment, had been read the full article →

EU windstorms Dragi & Eberhard final loss estimate raised to EUR 782m: PERILS

The final insurance and reinsurance industry loss estimate for the combined impacts of European windstorms Dragi and Eberhard has been set at EUR 782 million (USD 890 million) by PERILS AG, slightly up on its last estimate of EUR 772 million.PERILS announced its first estimate for the two European windstorms, read the full article →

Aon & Brit back Icebreaker One’s open standard for climate data

Significant insurance and reinsurance industry players are backing a new non-profit start-up that aims to drive forwards the development of an open standard for sharing climate data, with the goal of enabling better design and development of climate risk related financial products along with the use of artificial intelligence.Icebreaker One read the full article →

Hyperion X builds out reinsurance analytics & capital advisory leadership

Hyperion X Analytics, a data, advisory and technology focused unit of the global Hyperion Insurance Group, has confirmed the hiring of Mark Shumway and announced two more senior leaders as it continues to build out its practice expertise in reinsurance analytics and capital advisory.Hyperion, a global insurance and reinsurance broking read the full article →

AbsoluteClimo’s climate risk models forecast fewer economic losses in 2020

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, says its models suggest that in 2020 global total economic losses from climate-driven natural catastrophes are most likely to meet or exceed $110 billion.That's significantly lower than the number seen this year and also lower than read the full article →

ILS investors need certainty on cyber, risk models are key: CyberCube

Insurance-linked securities (ILS) investors are looking for greater certainty on cyber risk before diving into underwriting cyber reinsurance contracts in ILS form. While this market is still developing, CyberCube is working directly with the industry to try to drive greater understanding and comfort of the risks involved.Cyber risk is often read the full article →

KatRisk adds treaty reinsurance capabilities to catastrophe risk model

KatRisk, a catastrophe risk modelling company with a focus on flood and wind related risks and the third-party risk modelling agency for the NFIP flood catastrophe bonds, has updated its SpatialKat product suite to add treaty reinsurance capabilities.KatRisk has been steadily updating its catastrophe risk modelling suite of underwriting related read the full article →