Risk modelling news

One of the insurance and reinsurance market’s leading catastrophe risk modelling firms, RMS, is being offered for sale by its owner DMGT.

Insurance and reinsurance broker Aon has announced the launch of a new Florida hurricane catastrophe risk model developed by its specialist Impact Forecasting unit, as it seeks to provide an alternative view of the risk to market participants.

Insurance and reinsurance focused private equity firm Stone Point Capital LLC and New York venture and private equity firm Insight Partners have completed their roughly $5.9 billion acquisition of CoreLogic, the property risk modelling, data and analytics company.

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has launched a new initiative through which it aims to democratise access to climate data that is useful for risk transfer, insurance or reinsurance transactions.

ERS ILS Ltd., the dedicated insurance-linked securities (ILS) management division of specialty insurance and reinsurance player ERS, is set to benefit from climate-finance prediction modeling and risk transfer analytics services provided by AbsoluteClimo and AKR Zell.

A number of the newly established Class of 2020 insurance and reinsurance companies and ILS fund specialists have signed up to use AIR Worldwide risk models to help them manage catastrophe risk.

Catastrophe risk modelling specialist RMS has announced the launch of what it calls “significant updates” to its North Atlantic Hurricane (NAHU) Models, incorporating data from recent active years, including from 2017’s Harvey and Irma.

CoreLogic, the property risk modelling, data and analytics company, has announced that it is being acquired by reinsurance focused private equity firm Stone Point Capital LLC and New York venture and private equity firm Insight Partners for roughly $5.89bn.

The insurance and reinsurance industry loss estimate for damages from hailstorms that struck the Central Queensland region of Australia on April 19th 2020 has now been raised 39% to A$839 million by PERILS.

Insured property asset values continues to expand at a rate generally faster than GDP growth despite the effects of the pandemic and the recessions it has caused around the world, according to PERILS AG.