Risk modelling news

Yesterday we wrote that U.S. insurer Travelers had successfully completed their latest catastrophe bond Long Point Re III Ltd. but today we’ve seen that Travelers 2009 issue cat bond Longpoint Re II Ltd. is a cause for some concern for the firm. Cat bonds usually contain clauses that state the triggering parameters such as attachment […]

AIR Worldwide has announced that they have expanded their suite of Catastrophe Risk Engineering (CRE) solutions to add the ability to better quantify, mitigate, and manage the risk associated with the impact of catastrophes on supply chain networks. Supply chain business interruption is a huge insurance risk which was highlighted by catastrophes last year including […]

EQECAT recently announced that their new catastrophe risk modeling platform, RQE™ (Risk Quantification & Engineering) version 13 would launch in the autumn of 2012. The new RQE V13 platform will replace WORLDCATenterprise™ and is the culmination of three years of work which involved a significant amount of collaboration with their clients, prospects and industry experts […]

Risk modeller AIR Worldwide have issued a press release discussing how a new client of theirs, ILS Capital Management Ltd. a company established with the help of reinsurance industry veteran Don Kramer, has signed up to use their risk models and portfolio management tools for a portfolio of insurance-linked securities, catastrophe bonds and reinsurance contracts. […]

The risk of Japan suffering another major earthquake has increased since the M9.0 Tohoku quake of March 2011 according to research from risk modeller AIR Worldwide. In a report published yesterday AIR discuss the way the energy released by the massive quake last year has put stress on other areas of fault lines throughout the […]

It’s been another busy week in the cat bond, insurance-linked securities and reinsurance markets and we’ve had a lot of new topics to cover. As well as our usual market news and analysis we’ve published some interviews which asked leading market participants for their predictions for the year ahead, unsurprisingly these have proved popular. Here […]

One of the topics we discuss regularly on Artemis is the potential for the cat bond and ILS market to broaden their scope to include new classes of risk and new geographical locations. Broadening the scope of the market by enabling new risks and locations to be included in transactions is one of the key […]

2011 saw a big change in the use of risk models for catastrophe bond and insurance-linked securities transactions. The launch of a new U.S. hurricane model by risk modelling firm RMS at the end of February 2011, which increased modelled expected loss across many cat bond covered regions, caused a slowdown in issuance as the […]

CatVest Petroleum Services LLC, who launched last year offering oil spill risk modelling  and transfer services (specifically the creation of parametric triggers to allow for oil spill ILS issuance), have today announced the launch of a new model which targets more comprehensive energy industry losses. The CatVest EnergyRisk model is a suite of tools which […]

Broker Guy Carpenter has published a report looking at effective uses of catastrophe models by property insurers, uncertainty in risk modelling and advocating a multi-model approach to catastrophe models. The report suggests that a multi-model approach is better for estimating risk and controlling uncertainty, particularly given the ever-present factor of uncertainty in risk modelling.