County Weighted Industry Loss

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PCS enhances U.S. service with state-level market share data capture rates

Property Claim Services (PCS) is to provide greater transparency for U.S. catastrophe loss estimates via the delivery of state-level market share data capture rates for U.S. events with insured losses of at least $1 billion.PCS, a Verisk Analytics business, says that its state-level market share data capture rates for qualifying read the full article →

PCS puts Typhoon Jebi at $10bn, loss creep may continue: Johansmeyer

Typhoon Jebi is estimated to have caused an insurance industry loss of $10 billion by Property Claim Services (PCS), with the potential for further loss creep apparent, according to Tom Johansmeyer, Co-Head PCS.PCS recently expanded its range of insurance and reinsurance market loss data aggregation and index reporting services to read the full article →

PCS county-level estimates to enhance industry loss risk transfer

PCS has announced that it's to deliver county-level resolutions for catastrophe events in the U.S. with insured losses of at least $1 billion, providing an enhanced level of granularity that contributes to lower basis risk in industry loss index trading.The new offering (that we wrote about previously here) is available read the full article →

PCS to launch Japanese industry loss estimates & index

Property Claim Services (PCS) is set to expand its range of industry loss data aggregation and index reporting services to include non-marine catastrophe losses in Japan, in response to demand from its client base.PCS provides estimates on catastrophe losses in a number of regions around the world, as well as read the full article →

PCS enhancing granularity with county-level loss data: Johansmeyer

Global catastrophe loss data aggregator, Property Claim Services (PCS), is “excited” at the prospect of its county-level industry loss data for all 50 U.S. states going live in early 2019, an enhancement that could make industry loss triggers more sensitive to losses at a county level.Co-Head of PCS Strategy & read the full article →

PCS to provide U.S. county-level industry loss estimates from 2019

Property Claim Services (PCS) has announced that in the first-quarter of 2019 it will provide county-level industry insured loss estimates and claim counts across all U.S. states and perils, for events with insured losses of at least $1 billion.PCS, a Verisk business, has revealed that it’s to provide a new read the full article →

Lloyd’s ICAT syndicate to look at reinsurance alternatives such as ILS and ILW

Lloyd's insurance market syndicate ICAT Syndicate 4242, who specialise in catastrophe lines of business in the U.S. including assisting some of the wind pools with cover, are said to be looking to the capital markets for alternative reinsurance sources according to the Insurance Insider. We've spoken with contacts in the read the full article →

Marsh to offer index-based earthquake and windstorm insurance solution

Marsh have announced that they are to begin selling the County Weighted Industry Loss (CWIL™) solution, which was developed in 2010 by Guy Carpenter as an index-based reinsurance contract issued by Nephila Capital. CWIL is now available to Marsh clients with exposure to U.S. windstorms or earthquakes and European windstorms.CWIL read the full article →