Risk modelling news

We’ve written a lot about the potential for flood risks to be structured and sold as catastrophe bonds on Artemis. You can read some of our more recent articles on this topic here and here. Still there is no sign in the cat bond pipeline of anyone putting together a flood cat bond but we’re […]

The last time we wrote about PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices, they had just reported that their industry loss index had been used for over $2.79 billion worth of risk transfer transactions (including ILW’s and catastrophe bonds). Now, just a month and a half later […]

Risk modeller AIR Worldwide have launched a new crop weather insurance model for China today. The new model is being hailed as the industry’s first Multiple Peril Crop Insurance (MPCI) Model for China and provides a fully probabilistic approach for determining losses to China’s main crops: corn, cotton, rapeseed, rice, soybeans, and wheat.

Risk Management Solutions (RMS) has announced the release of its U.S. Storm Surge Hazard Dataset today which will allow underwriters to better determine properties at risk of storm surge. Data is available across all 21 U.S. states with exposure to hurricanes and tropical storms and Washington D.C. and RMS say this will help underwriting decisions […]

Risk Management Solutions (RMS) have finalised their modelling work to estimate final index values from their Paradex tool for hurricane Irene which hit the U.S. eastern coastline recently. The final Paradex index value is $2.82 billion which is 85% attributed to residential losses.

Risk modeller AIR Worldwide has announced tha launch of updated versions of their European windstorm and European earthquake catastrophe risk models. The new versions of the models feature updates, include new data, cover new countries and AIR say provide “a consistent and comprehensive assessment of the extratropical cyclone and earthquake risk throughout Europe.”

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices, continues to gain traction as the preferred source of European windstorm loss data and index tools. They announced today that their PERILS industry loss index has been involved in just over $2.79 billion worth of risk transfer transactions since the […]

Ratings agency Standard & Poor’s has issued a statement on the topic of using risk models from multiple vendors to assist in the rating of catastrophe bonds. Back in April, S&P put 15 catastrophe bond ratings on CreditWatch negative due to the introduction of a new version of the RMS U.S. hurricane risk model. The […]

A new report published today by reinsurer Swiss Re says that the approaches currently taken to forecast longevity are inadequate and can lead to inaccuracies. The unprecedented increases in life expectancies experienced in recent decades have been consistently underestimated due to the use of inadequate methods for assessing future longevity. This leads to funding difficulties […]

Risk Management Solutions (RMS) have issued a press release regarding their involvement in the recently completed Vita Capital IV Ltd. mortality risk catastrophe bond issued on behalf of Swiss Re. It contains a little more detail on the risk modelling tools used to get the transaction to market which we thought would interest our readers. […]