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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Demex raises $9m Series A led by Anthemis, Blue Bear Capital & QBE

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has successfully raised $9 million in Series A funding as it looks to help businesses mitigate the risks of climate change. The Demex Group launched in 2020 and raised $4.2 read the full article →

40%+ chance of a $200bn catastrophe loss year in next decade: AIR

The 1% aggregate exceedance probability insured loss (also the 100-year return period loss) from global catastrophe events has been estimated as around $320 billion by risk modeller AIR Worldwide, while the average annual is now over $100 billion. On an annual average basis, catastrophes around the world are now anticipated to read the full article →

PERILS adds Australian hail to loss forecast tool, working on Florida hurricane

Catastrophe data aggregator PERILS AG has expanded its real-time industry loss forecasting software tool to cover Australian hail storm events and has upgraded the European windstorm and Australian tropical cyclones versions as well. PERILS launched the software tool named Wind-Jeannie in 2015, to provide forecasts of potential insurance or reinsurance industry read the full article →

Ida insured flood losses seen $11bn to $17bn by CoreLogic

Data and analytics company CoreLogic has provided an insurance market loss estimate for the flooding caused by hurricane Ida's remnants in the northeastern states of the US, saying it will range from $5 billion to as much as $8 billion. That's on top of CoreLogic's estimated $6 billion to $9 billion read the full article →

Vantage hires AIR’s Brent Poliquin to lead reinsurance data & analytics

Vantage Risk, one of the insurance and reinsurance start-ups that launched for the start of 2021, has added a new key hire in catastrophe modelling and data analytics for reinsurance, taking Brent Poliquin from AIR Worldwide. Poliquin is well-known in the insurance-linked securities (ILS) and catastrophe bond market, having been AIR read the full article →

European flood industry loss up to US $7.7bn: RMS

Catastrophe risk modelling firm RMS has provided an estimate of the insurance and reinsurance industry loss from July's devastating flooding across Europe, saying it could be as high as €6.5 billion (US $7.7bn). RMS's estimate is interesting, as the risk modeller has opted for a lower insured loss for Germany than read the full article →

Haiti quake insured loss ~$250m says KCC, some parametric exposure

The devastating earthquake that struck the Caribbean nation of Haiti on August 14th is only expected to drive insurance industry losses of around US $250 million, while we're hearing some parametric contracts are exposed. Catastrophe risk modeller Karen Clark & Company (KCC) has said that economic losses from the magnitude 7.2 read the full article →

RMS being sold to Moody’s for US $2 billion

Moody's Corporation has agreed to acquire one of the insurance and reinsurance market’s leading catastrophe risk modelling firms, RMS, for a reported price of US $2 billion, in a deal expected to close later this year. Moody's Corporation and RMS said they have entered into a definitive agreement for Moody’s to read the full article →

No room for complacency around earthquake risk: ILS Asia 2021

To the reinsurance and insurance-linked securities (ILS) market, earthquake risk is one of the biggest peril threats in the world and one that the market can’t be complacent about, according to Paul Wilson, Head of Non-Life Analytics at Securis Investment Partners. In recent years, the resilience of the ILS market has read the full article →

RMS sale on the cards as owner cites “possible disposal”

One of the insurance and reinsurance market's leading catastrophe risk modelling firms, RMS, is being offered for sale by its owner DMGT. This morning, in announcing a reorganisation and possibly buy-out by its major shareholders, DMGT noted that any such deal would be conditional on a sale of RMS. DMGT said, "Its read the full article →