Risk modelling news

RMS, one of the world’s leading catastrophe risk modelling firms, has announced the acquisition of HWind Scientific, LLC, a provider of real-time, objective, observation-based hurricane data, for an undisclosed fee.

Catastrophe modelling and risk analytics firm, AIR Worldwide (AIR), estimates that on average just a quarter of annual global economic losses from natural disasters are insured, while covered losses from all regions and perils modelled by AIR have increased over the last four years.

The insurance-linked securities (ILS) market can be a future provider of capacity to help to transfer the enormous exposures presented by cyber risks, according to risk modelling firm AIR Worldwide which has announced a new collaboration to build an advanced cyber risk model.

A new platform named PACE, launched by global reinsurance intermediary and capital advisor Aon Benfield, has been designed to help reinsurers monitor catastrophe exposures and can also help ILS fund managers to create optimal portfolios of insurance risk.

New analysis by catastrophe risk modelling and management firm RMS, reveals that rising sea levels signal a potential rise in economic and insured losses from hurricane-driven storm surge across the U.S. coastline.

Nephila Capital, the largest investment fund manager in the insurance-linked securities (ILS) and reinsurance-linked investment space, has selected risk modeller AIR Worldwide’s Touchstone platform for access to detailed risk analytics.

Catastrophe risk modeling company AIR Worldwide has released Version 3.0 of its catastrophe modeling platform, Touchstone®, today. The new version brings some new features to the platform that allows insurance and reinsurance users to develop their own view of risk.

The amount of homes at risk of storm surge along the Gulf and Atlantic coasts has increased to 6.6 million from 2014, while the total reconstruction cost values (RCV) of the properties has remained at an estimated $1.5 trillion, according to CoreLogic.

Global reinsurance broker Guy Carpenter has launched a new division named CAT Risk Studio (CRS), to support its Model Suitability Analysis (MSA)® initiative and work with capital markets team GC Securities to develop parametric catastrophe risk transfer solutions.

Catastrophe and hazard risk modelling company JBA Risk Management today launched its first catastrophe risk modelling platform, JCalf 15, featuring multi-peril probabilistic models and is relevant to both reinsurance and ILS users.