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

Where possible, climate risk must be explicitly baked into models: Prospectus 2021

As vendor catastrophe models and elevated annual losses show that secondary perils have grown in prevalence for the re/insurance and insurance-linked securities (ILS) markets, climate risk needs to be explicitly baked in, according to Kelly Hereid, Director, Catastrophe Research & Development, Liberty Mutual Insurance. On day four of Prospectus 2021, the read the full article →

AbsoluteClimo updates climate catastrophe risk & financial models

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has announced upgrades to its core service of climate catastrophe risk models and climate financial modelling tools. The two products, G๏TCHA and Clim๏Cats, are financial models linked to global climate physics and machine learning predictions and for read the full article →

1-in-100 year global insured loss now over $300 billion: AIR

The 1% aggregate exceedance probability insured loss (also the 100-year return period loss) from catastrophe events around the globe has risen to more than US $300 billion, according to risk modeller AIR Worldwide. This figure has been rising steadily in recent years and now reaching almost $301 billion it is at read the full article →

Climate not the only uncertainty with peak perils: Dr. Jamie Rodney, Twelve Capital

In light of its uncertain but apparent influence on both the frequency and severity of natural catastrophe events, it's no surprise that climate change is at the forefront of the minds of catastrophe risk underwriters, investors and of course model vendors, but it's important to remember that this is not read the full article →

CoreLogic hires Wiart in Australia as Head of Consulting & Risk Management

CoreLogic, the property risk modelling, data and analytics company, has hired experienced insurance-linked securities (ILS) and reinsurance executive Pierre Wiart in Australia, to become its regional Head of Consulting and Risk Management. Wiart has most recently been consulting on insurance-linked securities with an Australian investment client, prior to which he worked read the full article →

Nephila backed Jupiter launches ClimateScore risk analytics product

Jupiter, a tech company focused on provision of predictive data and climate risk and resilience analytics that counts the largest ILS fund manager Nephila Capital as one of its investors, has launched a new product that it boasts provides "analytics of physical climate risks for the entire planet." Jupiter's products and read the full article →

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 →