Risk modelling news

Allianz Reinsurance have announced a new technology based approach to crop insurance that they have been working on. In cooperation with software company Sarmap, who specialise in finding ways to better manage earths resources, they have developed radar-based remote sensing software which will not only allow measurement of biomass growth, but also monitors and measures […]

Risk modeller AIR Worldwide have announced the release of a new tropical cyclone model for Central America. The new model covers Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama offering modelling technology for the effects of both wind and precipitation induced flooding which are the two main causes of damage from tropical storms […]

Last week Risk Management Solutions (RMS) announced the release of a new version of their Europe Windstorm Model. The new version increases the number of countries covered, enhances the dataset and offers a much improved view of European windstorm risk according to RMS.

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices, has announced that it has extended the region it covers to now include Norway and Sweden.

The second quarter of 2011 has been good for wind energy producers across the bulk of the U.S. after wind speeds have been reported to be generally elevated above normal across much of the country in a report from 3TIER®, a global leader in renewable energy risk analysis.

Risk modelling firm EQECAT have published a summary of the tornado and severe thunderstorm activity in the U.S. for the first half of 2011. You can access the full report, Summary of US Convective Storm Activity for First Half of 2011, from our CatWatch page.

Risk Management Solutions (RMS) has announced the release of an expanded and upgraded version of their Europe Windstorm Model. The new version now offers coverage across 15 countries in Europe through the addition of Poland, Slovakia and the Czech Republic and a much improved dataset with inclusion of analysis of over two million claims and […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), a non-profit multi-country risk pooling facility who provide parametric hurricane and earthquake cover to Caribbean countries, has had to delay the launch of its long awaited excess rainfall insurance product.

Risk Management Solutions (RMS) has announced that its new U.S. hurricane model, which has been the subject of much debate recently, has been approved by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) for use in residential rate filings with the Florida Office of Insurance Regulation.

Here’s a piece of news that you may not be expecting which has just broken and could hint at how the much discussed RMS risk model change may be reacted to by the ratings agencies. One tranche of USAA’s 2009 Residential Reinsurance 2009 Ltd. catastrophe bond has been downgraded due to an updated risk model, […]