catastrophe model

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).

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.

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.

Investors are becoming increasingly engaged in understanding how climate change could affect portfolios of insurance-linked securities (ILS) and the work that is being done at investment managers to understand that, with many taking the time to “come back to the table”, according to Aeolus Capital Management’s Frank Fischer.

This new Artemis Live video saw us interviewing senior executives at insurance-linked securities (ILS) and reinsurance investment manager Aeolus Capital Management, to discuss their ongoing program of climate risk research and how that is playing into investment decision-making at the firm.

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.

As the US Securities & Exchange Commission (SEC) publishes a new set of proposed rules on climate risk disclosure, it’s becoming increasingly clear regulating for climate risk reporting is going to drive risk management and risk transfer spend, with ramifications and opportunity for insurance, reinsurance and insurance-linked securities (ILS).

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.

The insurance-linked securities (ILS) market has long designed its risk transfer products and solutions using the insights gleaned from the outputs of catastrophe risk models, but in the future a “digital twin” could be a far more intuitive solution that can drive significant ILS innovation, we believe.