catastrophe model

Catastrophe risk modelling specialist AIR Worldwide announced this week some timely updates to its Hurricane and Inland Flood Models for the United States.

The Ridgecrest, California sequence of earthquakes has increased the risk of a major San Andreas fault earthquake event occurring, according to newly published research.

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.

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.

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.

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 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.

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.

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.

Catastrophe risk modeling company AIR Worldwide has released Version 3.0 of its catastrophe modeling platform, Touchstone®, today. The new version brings some new features to the platform that allows insurance and reinsurance users to develop their own view of risk.