Risk modelling news

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.

Catastrophe risk modelling software specialist RMS has announced a number of its core models transitioning over to High Definition (HD) versions, while also adding more functionality to help users understand the influence of climate change on perils of note to the insurance, reinsurance and ILS market.

The Northwest Pacific typhoon season, which is one of the peak zone perils for reinsurance, catastrophe bond and other insurance-linked securities (ILS), is forecast to see activity levels roughly 20% below-normal, as the effects of La Niña are increasingly expected to last through summer and into Autumn.

The PERILS Insurance Exposure Database (IED) for 2022 shows that the largest exposure remains European windstorm with a huge EUR 64.8 trillion of insured values as of January 1st, 2022, up 5.2% on the previous year.

Catastrophe risk modelling firm RMS, one of the leading insurance and reinsurance market analytics providers, has announced a change of leadership as its CEO departs and the company promotes from within to a new General Manager position.