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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Aon & Brit back Icebreaker One’s open standard for climate data

Significant insurance and reinsurance industry players are backing a new non-profit start-up that aims to drive forwards the development of an open standard for sharing climate data, with the goal of enabling better design and development of climate risk related financial products along with the use of artificial intelligence. Icebreaker One read the full article →

Hyperion X builds out reinsurance analytics & capital advisory leadership

Hyperion X Analytics, a data, advisory and technology focused unit of the global Hyperion Insurance Group, has confirmed the hiring of Mark Shumway and announced two more senior leaders as it continues to build out its practice expertise in reinsurance analytics and capital advisory. Hyperion, a global insurance and reinsurance broking read the full article →

AbsoluteClimo’s climate risk models forecast fewer economic losses in 2020

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, says its models suggest that in 2020 global total economic losses from climate-driven natural catastrophes are most likely to meet or exceed $110 billion. That's significantly lower than the number seen this year and also lower than read the full article →

ILS investors need certainty on cyber, risk models are key: CyberCube

Insurance-linked securities (ILS) investors are looking for greater certainty on cyber risk before diving into underwriting cyber reinsurance contracts in ILS form. While this market is still developing, CyberCube is working directly with the industry to try to drive greater understanding and comfort of the risks involved. Cyber risk is often read the full article →

KatRisk adds treaty reinsurance capabilities to catastrophe risk model

KatRisk, a catastrophe risk modelling company with a focus on flood and wind related risks and the third-party risk modelling agency for the NFIP flood catastrophe bonds, has updated its SpatialKat product suite to add treaty reinsurance capabilities. KatRisk has been steadily updating its catastrophe risk modelling suite of underwriting related read the full article →

Multi-peril crop insurance model for India launched by AIR Worldwide

Catastrophe risk modelling specialist has launched a new multi-peril crop insurance risk model for India, which it believes will help underwriters better understand and estimate potential losses due to yield shortfalls. The firm said that its Multiple Peril Crop Insurance (MPCI) Model for India will assist insurance and reinsurance firm sin read the full article →

Typhoon Hagibis industry loss estimated from $8bn to $16bn: AIR

Typhoon Hagibis is estimated as likely to cause an insurance and reinsurance market loss somewhere in a range from $8 billion to as much as $16 billion, by AIR Worldwide. The significant size of that range reflects the significant uncertainty in the eventual industry toll from the most recent typhoon to read the full article →

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 →