casualty risk

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Praedicat aims to help ILS enter the casualty space: CEO Reville

Robert Reville, Chief Executive Officer (CEO) of Praedicat, an InsurTech risk modelling and analytics company for casualty re/insurers, has claimed that the company’s approach to disease litigation may create an opportunity for ILS to enter into the casualty space.Praedicat uses scientific literature to model more than 60,000 potential disease litigation read the full article →

AIR & RenRe collaborate on probabilistic casualty risk model

AIR Worldwide and Bermudian reinsurance firm RenaissanceRe are collaborating on the development of what they call the industry's first probabilistic casualty catastrophe risk model, which the pair say will enhance the industry's modeling of long-tail casualty risk.AIR's parent Verisk Analytics announced the acquisition of Arium, an independent company focused on read the full article →

Praedicat raises $6m for casualty cat model development

Praedicat, a leading casualty catastrophe risk modelling company, has secured a $6 million Series AA round of investment, from sources including existing investor catastrophe risk modelling specialist Risk Management Solutions, Inc. (RMS) and Jacques Dubois.Praedicat hopes the investment will accelerate its growth, by funding the development of its latency casualty read the full article →

AIR to get casualty risk modelling ability with Arium acquisition

Risk modelling firm AIR Worldwide will benefit from liability and casualty risk modelling abilities after parent company Verisk Analytics announced the acquisition of Arium, an independent company focused on liability risk modeling and decision support.This acquisition is expected to enable AIR to provide risk modelling products and analytics for the read the full article →

London market casualty reserves vulnerable to adverse run-offs: PwC

With adequate profits on investment and underwriting sides of the balance sheet increasingly hard to come by for insurers and reinsurers, reserve releases have helped to bolster returns. However, casualty reserves in the Lloyd’s and London market are vulnerable to adverse run-offs in the future, according to PwC.Insurers and reinsurers read the full article →

Lack of predictive modelling a factor limiting ILS casualty growth

A catalyst for the growth of insurance-linked securities (ILS) in the property catastrophe reinsurance sector is the capabilities of third-party modelling, but a lack of predictive modelling within the casualty arena mitigates entry and impact of a similar scale, according to industry experts.The entry of alternative capital in the global read the full article →

Big data liability catastrophe models to help ILS into casualty risks

A new report published by the Lloyd's of London insurance and reinsurance market concludes that by underpinning liability catastrophe models with big data techniques, opportunities could be found for the ILS market to get more deeply into casualty risks.The topic of how or when the insurance-linked securities (ILS) market and read the full article →

Casualty risks the largest threat to reinsurance industry – Willis Re

Exposures in the casualty insurance and reinsurance sector are inherently difficult to predict and model, meaning until a market transformation occurs the casualty space is likely the biggest threat to the re/insurance industry, according to Wills Re’s Andrew Newman.Discussions of the pressures and ongoing challenges in the insurance and reinsurance read the full article →

Alternative capital & ILS in early stages of casualty growth: Morgan Stanley

The presence of alternative capital in the global reinsurance market has, due to various factors, largely focused on property catastrophe business lines to date, but analysts’ predictions signal greater expansion of ILS into casualty risks ahead.Discussing the impact alternative, or third-party capital is having on the reinsurance market environment, analysts read the full article →

Casualty ILS or cat bonds need to have a clear exit point: Parry

For casualty risks to become a meaningful part of the insurance-linked securities (ILS) and catastrophe bond market, transactions need to be structured in such a way that investors can see a clear exit point, according to Chris Parry of Aon Securities Limited.Parry was speaking during a panel discussion at an read the full article →