Risk modelling news

Verisk Analytics, the parent company of AIR Worldwide and the Property Claims Services (PCS) brands, has expanded its Verisk Catastrophe Index to include U.S. earthquake risks. When the index was launched in July last year it only covered U.S. hurricane risks but Verisk planned to broaden its coverage to include other perils such as tropical […]

Risk Management Solutions (RMS) have released an upgrade to their Miu insurance-linked securities management platform. Version 2.6 of Miu, a platform that allows investors to analyse and manage portfolios of catastrophe bonds, sidecars, industry loss warranties and reinsurance contracts, includes some new features which provide better insight into underlying risk exposures and more powerful transaction […]

Risk modeller EQECAT have issued an update to their estimate of the insured loss due to the Tohoku earthquake which struck Japan on the 11th March causing massive damage from the widespread shaking and tsunami that followed. Now, almost two months after the earthquake, they have had time to gather data and perform greater analysis […]

A.M. Best have joined Standard & Poor’s and put the ratings of catastrophe bonds which utilise the Risk Management Solutions (RMS) U.S. hurricane model under review due to the changes in the latest version of the risk model. The model which was used to assess the cat bonds at the time of issue has undergone […]

Yesterday we wrote about the ratings impact of a new hurricane risk model on a number of cat bond transactions. Ratings agency Standard & Poor’s placed 16 tranches of catastrophe bond deals on CreditWatch negative because they believe that the changes to Risk Management Solutions (RMS) U.S. hurricane risk model are sufficient to cause concern […]

Risk Management Solutions (RMS) have finally issued an insured loss estimate for the earthquake and tsunami disaster in northeast Japan on the 11th March. RMS estimate that insured property losses from the event will be between $18 billion to $26 billion. Adding in life and health claims they put the final insured loss at somewhere […]

In our latest interview we spoke with Peter Nakada, Director of RiskMarkets at Risk Management Solutions (RMS) the risk modelling firm who provide services and expertise for the quantification and management of catastrophe risks.

Colorado State University have just issued their updated 2011 Atlantic tropical storm and hurricane season forecast, so in the interest of fairness (as we’ve already covered Accuweather’s and Tropical Storm Risk’s) here are the details.

In December last year Tropical Storm Risk, a research group backed by Aon Benfield, RSA and Crawford & Company, issued their first forecast for the 2011 Atlantic tropical storm and hurricane season which predicted an active year approximately 40% above historical norms. Their 1st April update has lowered that prediction to 25% above the historical […]

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has released an updated version of its PERILS Europe Windstorm Industry Exposure Database.