catastrophe model


Where possible, climate risk must be explicitly baked into models: Prospectus 2021

As vendor catastrophe models and elevated annual losses show that secondary perils have grown in prevalence for the re/insurance and insurance-linked securities (ILS) markets, climate risk needs to be explicitly baked in, according to Kelly Hereid, Director, Catastrophe Research & Development, Liberty Mutual Insurance. On day four of Prospectus 2021, the read the full article →

AIR updates U.S. hurricane & inland flood catastrophe models

Catastrophe risk modelling specialist AIR Worldwide announced this week some timely updates to its Hurricane and Inland Flood Models for the United States. With hurricane season now underway and all forecasts pointing to an active year for tropical storms near the U.S., AIR's risk model updates come at just the right read the full article →

Risk of large San Andreas quake up 3 to 5-fold since Ridgecrest: Temblor

The Ridgecrest, California sequence of earthquakes has increased the risk of a major San Andreas fault earthquake event occurring, according to newly published research. The paper published by Ross Stein of specialist seismic hazard catastrophe modelling company Temblor, Inc. and Shinji Toda of the International Research Institute of Disaster Science (IRIDeS) read the full article →

KatRisk adds treaty reinsurance capabilities to catastrophe risk model

KatRisk, a catastrophe risk modelling company with a focus on flood and wind related risks and the third-party risk modelling agency for the NFIP flood catastrophe bonds, has updated its SpatialKat product suite to add treaty reinsurance capabilities. KatRisk has been steadily updating its catastrophe risk modelling suite of underwriting related read the full article →

Reinsurance modelling capabilities added to Simplitium’s Oasis powered ModEx

Reinsurance contract modelling capabilities have been added to the Simplitium owned ModEx catastrophe risk modelling platform, which is an independent multi-vendor solution powered by open-source platform Oasis. It's the first time that an Oasis platform has included specific modelling functionality for reinsurance contracts, a step forwards for the use of the read the full article →

Cat risk modelling “duopoly” limits re/insurance industry view of risk: Simplitium

The insurance, reinsurance and insurance-linked securities (ILS) market faces a catastrophe risk modelling duopoly as 30 years after the commercialisation of cat risk models the industry is still dominated by just two vendors, says Simplitium. A paper from the firm, a provider of a platform that encourages multiple vendor model views read the full article →

Updated U.S. wildfire catastrophe risk model released by AIR

Catastrophe risk modelling firm AIR Worldwide has released an updated version of its United States wildfire risk model, a timely update given the impactful start to the California wildfire season in 2018. AIR said that the updated wildfire risk model will offer users, largely insurance, reinsurance and ILS market interests, a read the full article →

AIR launches next-gen reinsurance & ILS modelling tool Touchstone Re

AIR Worldwide has announced the launch of its awaited next-generation catastrophe risk modelling software solution, Touchstone Re which is designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. Touchstone Re, which will become the reinsurance focused component of the Touchstone modelling suite, will read the full article →

RMS expands Asia Pacific model coverage, enhances U.S. hurricane & specialty

Catastrophe risk modelling specialists RMS have launched version 18 of their risk model suite, brining with it a raft of additions and expansions, particularly in the Asia Pacific region where new perils have been added including a focus on flood risks. V18 is the latest incarnation of RMS' catastrophe risk modelling read the full article →

Is the re/insurance industry really prepared for a large tail event?

It’s been questioned whether the insurance and reinsurance sector is ready for a significant tail event that could cause losses of $150 billion or more, or if the industry is too focused on being ready for the next Katrina. For the first time since 1851 the state of Florida has gone read the full article →