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 launches HWind forecasts for North Atlantic hurricanes

Catastrophe risk modelling specialist RMS has announced the launch of a new suite of hurricane forecasting products for the North Atlantic powered by RMS HWind.The tools are part of the firms RMS HWind Real-Time Analysis Solution suite and are designed to enable proactive decisions to be made as hurricanes approach read the full article →

Typhoon Faxai insured loss $5bn to as much as $9bn: RMS

Catastrophe risk modelling specialist RMS has estimated that the insurance and reinsurance market faces an industry loss of between $5 billion and $9 billion from recent typhoon Faxai in Japan.It's the highest estimate of industry losses from the typhoon so far, above the estimate from fellow catastrophe risk modeller AIR read the full article →

RMS sees Dorian wind & surge Caribbean industry loss at up to $6.5bn

Hurricane Dorian is estimated to have caused a wind and storm surge related insurance industry loss of between $3.5 billion and $6.5 billion in the Caribbean and Bahamas by catastrophe risk modelling specialists RMS.The figure is higher than another risk modelling firm AIR Worldwide which said the insurance industry loss read the full article →

EU storms Dragi & Eberhard industry loss lowered to EUR 772m

The insurance and reinsurance industry loss estimate for the combined market-wide impacts of European windstorms Dragi and Eberhard has now been reduced to EUR 772 million (US $850m) by PERILS AG, down from its last estimate of EUR 798 million.The two European windstorms struck on March 9th and 10th 2019, read the full article →

Risk models need to be recalibrated: Bentley, Guy Carpenter

The industries risk models "need to be recalibrated" in the wake of two years of catastrophe losses that have delivered significant loss creep, as well as to account for the changing climate, according to Robert Bentley, CEO, Global Strategic Advisory, Guy Carpenter.Despite the magnitude of recent losses, the reinsurance industry read the full article →

Tokyo area earthquake has potential to drive $3tn property loss: KCC

A repeat of the 1923 Kanto earthquake in the Tokyo region of Japan could result in property losses of as high as $1.5 trillion, while a higher magnitude quake could cost the country as much as $3 trillion, catastrophe modellers Karen Clark & Company believes.Karen Clark & Company's (KCC) latest read the full article →

Orbital Micro Systems targets enhanced weather insights for re/insurance & ILS

More granular and higher resolution satellite data from earth observations are set to improve weather and catastrophe event insights for the insurance, reinsurance and insurance-linked securities (ILS) industry, according to the CEO of Orbital Micro Systems.Orbital Micro Systems is a specialist in technology and data for space applications, with expertise read the full article →

Townsville, Queensland flood industry loss up 16% at A$1.217bn: PERILS

The insurance and reinsurance market loss to property lines of business from the Townsville area flooding in the Queensland region of Australia has been raised by 16% to A$1.217 billion (US $822m) by PERILS.Previously, PERILS had the estimated market loss to property insurance lines from the Townsville, Queensland flooding at read the full article →

Ridgecrest, California quake insured losses under $40m: KCC

The recent earthquakes that struck a sparsely populated region of California near the town of Ridgecrest are expected to drive around $200 million of economic losses, but only up to $40 million is expected to be covered by insurance.Catastrophe risk modelling specialists at Karen Clark & Company (KCC) said that read the full article →

Sydney hailstorm property insured loss rises 21% to A$766m: PERILS

The property loss from the December 2018 hail storm that struck the Sydney and surrounding area of Australia has been increased by 21% to a new estimated insurance and reinsurance market loss of A$766 million (US$530m) by PERILS AG.It's worth reminding you that PERILS only tracks insured property losses in read the full article →