Risk modelling news

Catastrophe risk modeller Moody’s RMS is integrating Nasdaq’s Risk Modelling for Catastrophes (NRMC) service into its Intelligent Risk Platform, providing consolidated access to more than 300 risk models.

Insurance and reinsurance market losses from the severe convective storm (SCS) peril in Europe are starting to run a little ahead of losses from the more widely accepted European peak peril of extratropical windstorms, according to data from Aon’s Impact Forecasting.

The insurance and reinsurance industry loss estimate for the European windstorm series that struck in February of 2022 has been raised again by another 3% to now be finalised at EUR 3.851 billion by data aggregator PERILS AG.

Broking giant Aon is embracing the Open Exposure Data (OED) Standard for the risk modelling of property reinsurance placements, working alongside leading reinsurers to test the hypothesis that this can enhance the sector’s operational efficiency.

Fermat Capital Management, one of the largest specialist investment managers of catastrophe bonds and insurance-linked securities (ILS) assets, has licensed the Applied Research Associates, Inc. (ARA) HurLoss hurricane model, as it seeks to add new insights from additional views of risk.

Cyber risk analytics and quantification software specialist CyberCube has now confirmed that its Portfolio Manager risk model was used for the landmark first catastrophe bond deal sponsored by re/insurer Beazley.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has announced the launch of complete stochastic climate-conditioned catalogs for the weather-related perils its sees as the most impacted by climate change, hurricanes, floods, and wildfires.

Reask, a provider of catastrophe modelling, climate analytics and data that leverages machine learning techniques and artificial intelligence, has hired nat cat risk modelling expert David Schmid to lead its parametric insurance product offering.

Reask, a catastrophe modelling, climate analytics and data company that uses machine learning techniques and artificial intelligence, has announced the hire of former Twelve Capital executive Jamie Rodney as its new CEO, adding significant reinsurance capital and ILS market experience.

The impacts of climate change could drive the economic costs of flooding in the United Kingdom some 42% higher by 2050, according to analysis by specialist flood risk modeller JBA.