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.

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Aon launches Florida hurricane catastrophe risk model

Insurance and reinsurance broker Aon has announced the launch of a new Florida hurricane catastrophe risk model developed by its specialist Impact Forecasting unit, as it seeks to provide an alternative view of the risk to market participants. Aon said that the new Florida hurricane model brings together the latest research read the full article →

Stone Point Capital & Insight Partners complete CoreLogic acquisition

Insurance and reinsurance focused private equity firm Stone Point Capital LLC and New York venture and private equity firm Insight Partners have completed their roughly $5.9 billion acquisition of CoreLogic, the property risk modelling, data and analytics company. The acquisition deal was announced back in April, providing CoreLogic with a route read the full article →

Demex democratises access to climate data useful for risk transfer

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has launched a new initiative through which it aims to democratise access to climate data that is useful for risk transfer, insurance or reinsurance transactions. The Demex Group launched last read the full article →

ERS ILS to get climate risk insights from AbsoluteClimo & AKR Zell

ERS ILS Ltd., the dedicated insurance-linked securities (ILS) management division of specialty insurance and reinsurance player ERS, is set to benefit from climate-finance prediction modeling and risk transfer analytics services provided by AbsoluteClimo and AKR Zell. ERS Administration Services Ltd., which is a unit of ERS domiciled in Bermuda, has signed-up read the full article →

Class of 2020 reinsurers & ILS specialists sign up to AIR models

A number of the newly established Class of 2020 insurance and reinsurance companies and ILS fund specialists have signed up to use AIR Worldwide risk models to help them manage catastrophe risk. They include London-listed Bermuda re/insurer Conduit Re, excess and surplus lines (E&S) specialist underwriter Core Specialty, London headquartered and read the full article →

RMS Atlantic hurricane model update may adjust cat bond risk metrics

Catastrophe risk modelling specialist RMS has announced the launch of what it calls "significant updates" to its North Atlantic Hurricane (NAHU) Models, incorporating data from recent active years, including from 2017's Harvey and Irma. RMS said that version 21.0 of its North Atlantic Hurricane risk model now includes medium-term event rates, read the full article →

CoreLogic to be acquired by Stone Point Capital & Insight Partners for $5.89bn

CoreLogic, the property risk modelling, data and analytics company, has announced that it is being acquired by reinsurance focused private equity firm Stone Point Capital LLC and New York venture and private equity firm Insight Partners for roughly $5.89bn. CoreLogic has been the subject of a number of unsolicited bids over read the full article →

Industry loss from April 2020 Queensland hailstorms rises 39% to A$839m

The insurance and reinsurance industry loss estimate for damages from hailstorms that struck the Central Queensland region of Australia on April 19th 2020 has now been raised 39% to A$839 million by PERILS. After this hailstorm event occurred, insurance and reinsurance industry loss reporting agency PERILS AG decided not to provide read the full article →

Insured property asset growth outpaces GDP, despite pandemic: PERILS

Insured property asset values continues to expand at a rate generally faster than GDP growth despite the effects of the pandemic and the recessions it has caused around the world, according to PERILS AG. In releasing the latest update to its industry sums insured data set, containing exposures as at an read the full article →

Oasis gets industry backing for Loss Modelling Framework & open source standards

Oasis, the open source catastrophe risk modelling platform, has received significant backing from insurance and reinsurance sector leading firms for the continued development and expansion of its Oasis Oasis Loss Modelling Framework and open source standards. Among the backers are leading insurance and reinsurance brokers and underwriting companies: Aon, Allianz, AXA, read the full article →