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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RMS updates its HWind hurricane forecasting products

Catastrophe risk modelling specialist RMS has updated its suite of HWind hurricane forecasting products, which are part of the RMS HWind Real-Time Analysis solution. Coming as the 2020 hurricane season moves towards the peak of what is forecast to be an incredibly active year, RMS' tools that help insurance, reinsurance and read the full article →

AIR updates U.S. hurricane & inland flood catastrophe models

Catastrophe risk modelling specialist AIR Worldwide announced this week some timely updates to its Hurricane and Inland Flood Models for the United States. With hurricane season now underway and all forecasts pointing to an active year for tropical storms near the U.S., AIR's risk model updates come at just the right read the full article →

Risk of large San Andreas quake up 3 to 5-fold since Ridgecrest: Temblor

The Ridgecrest, California sequence of earthquakes has increased the risk of a major San Andreas fault earthquake event occurring, according to newly published research. The paper published by Ross Stein of specialist seismic hazard catastrophe modelling company Temblor, Inc. and Shinji Toda of the International Research Institute of Disaster Science (IRIDeS) read the full article →

Artemis Live: Interview with RMS’ Jin Shah & Jeff Waters

This week our new video interview features RMS' Jin Shah and Jeff Waters, who joined us to discuss the 2020 Atlantic hurricane season and how technology and analytics can help insurance, reinsurance and ILS market participants be better prepared and respond as storms threaten. All of our Artemis Live video interviews read the full article →

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 →