Risk modelling news

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.

Skyfora, a Helsinki-based weather intelligence startup that utilises artificial intelligence to derive tropical cyclone intensity forecasts, has announced an updated model and also noted that it has on-boarded a customer from the insurance-linked securities (ILS) market.

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has launched a new climate appraisal service that is designed to provide an assessment of climate-driven risk and provides an input to help companies hedge their climate exposure.

RMS, the catastrophe risk modelling specialist company, has announced the hiring of reinsurance focused catastrophe analytics specialist Julie Serakos as its new Senior Vice President, Head of Model Product Management.

Insurance-linked securities (ILS) investment fund manager Fermat Capital Management has entered into a partnership with ICEYE, a provider of satellite data and services to inform decision-making and analysis, to gain more granular data and insights into flood events and other natural hazards.

Catastrophe risk modeller RMS has revealed some changes to its climate change models in the U.S. and Japan, designed to address the growing need for climate change analytics in operational underwriting and portfolio management activities.