Risk modelling news

Reask, a provider of catastrophe modelling, climate analytics and data that leverages machine learning techniques and artificial intelligence, has hired nat cat risk modelling expert David Schmid to lead its parametric insurance product offering.

Reask, a catastrophe modelling, climate analytics and data company that uses machine learning techniques and artificial intelligence, has announced the hire of former Twelve Capital executive Jamie Rodney as its new CEO, adding significant reinsurance capital and ILS market experience.

The impacts of climate change could drive the economic costs of flooding in the United Kingdom some 42% higher by 2050, according to analysis by specialist flood risk modeller JBA.

Catastrophe risk modelling specialist RMS has hired back a well-known industry executive who was previously an employee, with risk modelling, disaster and climate risk specialist Claire Souch rejoining the company as its new Head of Global Models and Climate Risks.

ICEYE, a provider of satellite data and services to inform decision-making and analysis, has announced the launch of a new platform that will enable insurance, reinsurance and insurance-linked securities (ILS) players to analyse flood impacts to their portfolios of property risks.

Insurance and reinsurance broker Aon is embedding climate change considerations into its Impact Forecasting flood catastrophe risk models for Europe, thanks to a collaboration with the Karlsruhe Institute of Technology (KIT).

Almost three years after setting its sights on expansion into Japan, PERILS AG, the Zurich headquartered provider of catastrophe loss data and indices, has now launched its first industry loss data service there, with a focus on wind and flood loss events.

With property catastrophe reinsurance rates having risen by at-least double-digits for many cedents at the renewal seasons so far in 2022, analysts from RBC Capital Markets pose a valid question. Why aren’t we seeing a wall of capital flood into the space?

One Concern, a resilience-as-a-service solutions provider with a focus on providing upfront information on potential financial impacts of climate related loss events, and broker plus advisor WTW, have teamed up with a goal to accelerate the adoption of parametric insurance solutions.

According to new research from Ross S. Stein, Ph.D., Temblor, Inc., a catastrophe modeling company specializing in seismic hazard and risk assessment, and Shinji Toda, Ph.D., International Research Institute of Disaster Science, Tohoku University, the insurance, reinsurance and insurance-linked securities (ILS) markets may be underestimating the hazard associated with some earthquake aftershocks.