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 new Risk Intelligence platform & sunsets RMS(One)

Catastrophe risk modelling specialist RMS has announced the launch of a new strategic risk modelling and risk management platform named Risk Intelligence, as it also announced that it would be sunsetting its beleaguered RMS(One) product.RMS said that it recognises the industry is facing undergoing a critical evolution, which has been read the full article →

RMS updates U.S. hurricane, Asia quake models. Hires MD for Asia-Pac & Japan

Catastrophe risk modelling specialist RMS has announced a raft of risk model updates, including to its U.S. hurricane model and Asia earthquake models, while also announcing a new Managing Director for Asia-Pacific and Japan.RMS said that it is releasing updates to its view of hurricane risk across hurricane-impacted countries in read the full article →

Stalling hurricanes not more frequent, but exposure to them rising: TigerRisk

Research performed by global reinsurance broker and risk capital advisory TigerRisk Partners finds that the phenomena of hurricane stalling over land has not become more frequent, but the dollar value of damages caused are rising as exposures increase.The United States saw two significant stalling hurricanes in the last two years, read the full article →

Catastrophe exposure increases for Euro windstorm & PERILS territories

Catastrophe exposure, as measured by insured property values featured in the PERILS AG Industry Exposure Database, increased for European windstorm risks and other territories covered by the service provider in its latest exposure database update.The 2019 update of the PERILS Industry Exposure Database (IED) shows that there is a constant read the full article →

Climate catastrophe risk models launched by AbsoluteClimo

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has launched what it calls the "World's First Catastrophic Risk Models Linked To Skillful Climate Physics Prediction."Climo๏Cats (ClimoCats), as its climate catastrophe risk models are called, will enable insurance, reinsurance and insurance-linked securities (ILS) market participants read the full article →

RMS to enhance view of U.S. wildfire risk with new HD model

Catastrophe risk modelling specialist RMS is hoping to enhance the insurance and reinsurance industries view of U.S. wildfire risks with a new high-definition risk model that was launched last week.After the severe California wildfire losses of 2017 and 2018 the subject of wildfire risk, the market's ability to underwrite it read the full article →

Descartes Underwriting launched as parametric, data-driven MGA

Descartes Underwriting has been launched as a start-up insurance technology (insurtech) managing general agency (MGA) with a focus on parametric and data-driven risk transfer products and an ambition to utilise the ILS market as a source of capacity.Launching Descartes Underwriting is Chief Executive Officer (CEO) Tanguy Touffut, who was previously read the full article →

Global Parametrics to use supercomputer to hone climate & seismic models

Global Parametrics, the parametric and index-based risk transfer company that launched with the backing of the UK and German governments, will utilise one of the world's fastest computers to enhance its climate and seismic risk models and help it develop products.Global Parametrics has signed a memorandum of understanding (MOU) with read the full article →

Sydney hail storm property loss estimated at A$635m: PERILS

The property loss caused by the December hail storm in Sydney and the surrounding area of Australia is estimated to have caused an insurance and reinsurance market loss of A$635 million (US$462m) by PERILS AG.The catastrophe insurance data and loss estimate provider only tracks property losses in Australia, hence its read the full article →

Storm Friederike industry loss finalised at $1.9bn by PERILS

The insurance and reinsurance industry loss estimate for extratropical cyclone, or European windstorm, Friederike (also known as David), has been finalised at roughly $1.9 billion (EUR 1.672bn).European windstorm Friederike struck the northern areas of Europe in January 2018, causing significant property damage as it tracked across countries including the British read the full article →