Risk modelling news

Risk modelling specialist RMS has made a new senior appointment, hiring Michael Steel, previously of AXIS and in the past head of capital markets at Benfield to its executive team in the position of Global Head of Solutions.

Verisk Analytics, Inc. has announced the acquisition of Analyze Re, a specialist provider of software analytics tools and services for the insurance, reinsurance and insurance-linked securities (ILS) industries.

The launch of Oortfolio™, a liability insurance risk modeling platform from Praedicat, could stimulate innovation in liability insurance risk transfer, such as attracting new capital by enabling it to better quantify liability exposures and even liability catastrophe bonds.

AIR Worldwide (AIR) has expanded its terrorism risk model to support scenario testing and analysis for the United States and 27 other countries, to help companies better manage terror risk and assess the impact of different attack scenarios on their insurance, reinsurance and ILS portfolios.

International catastrophe risk modeling firm AIR Worldwide has been selected by the World Bank to model the Pandemic Emergency Financing Facility (PEF), and has also announced substantial enhancements to its Global Pandemic Model.

AIR Worldwide has launched a new practice group to be focused on disaster resilience and disaster risk reduction initiatives around the world, which will ultimately help insurance, reinsurance and capital or ILS markets better provide risk financing capacity.

Following its launch in 2014, not-for-profit catastrophe risk organisation, Oasis Loss Modelling Framework (Oasis), has announced a global endorsement that will enable vital funding for insuring against climate risks.

International catastrophe modelling firm AIR Worldwide has released an earthquake risk model for India, which it hopes will provide a comprehensive tool that enables insurance, reinsurance, and ILS players to attain a better view of the exposure in the region.

International risk modelling firm RMS has announced the release of version 16.0 of its catastrophe modelling platform, which includes enhancements to its European windstorm and global terrorism models, as well as a new marine cargo & specie model, and new data for U.S. flood risks.

Risk modelling firm AIR Worldwide has announced an expansion and update of its Southeast Asian earthquake and typhoon risk models, aiming to provide insurance and reinsurance capital providers with a comprehensive and up-to-date view of risk.