catastrophe model

Catastrophe risk modelling firm RMS has announced partnerships with companies whose risk models will be available through its RMS(one) platform, taking the number of fully probabilistic models that will be available on the platform to nearly 300.

The Oasis Loss Modelling Framework, a not-for-profit company backed by 21 insurers, reinsurers and brokers, including Lloyd’s and leading European and North American players, has launched and is now ready for use.

Broker Guy Carpenter has published a report looking at effective uses of catastrophe models by property insurers, uncertainty in risk modelling and advocating a multi-model approach to catastrophe models. The report suggests that a multi-model approach is better for estimating risk and controlling uncertainty, particularly given the ever-present factor of uncertainty in risk modelling.

Karen Clark & Co., the catastrophe risk consultancy, has updated its report looking into near-term hurricane catastrophe models. The company have been investigating near-term risk modelling for a few years now and this is the third update to their report which looks at near-term hurricane risk models from the major risk modelling firms Risk Management […]