County Weighted Industry Loss

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PCS launches AUS, NZ, SE Asia industry loss estimates & indices

Property Claim Services (PCS) is greatly expanding its range of industry loss data aggregation and index reporting services to include Australia, New Zealand and also the Southeast Asia region, as it looks to capitalise on growing demand for its products.PCS, a division of Verisk, said that significant global reinsurance market read the full article →

PCS starts Mexico industry loss index & estimates service

Property Claim Services (PCS) has launched Mexico as the latest addition to its range of industry loss data aggregation and index reporting services, teaming up with Asociación Mexicana de Instituciones de Seguros (AMIS) for PCS Mexico.PCS, a Verisk Analytics business, will now cover four countries with loss aggregation and reporting read the full article →

First PCS triggered Japan ILW brokered by Willis Re

Property Claim Services (PCS) industry loss data aggregation and index reporting services for non-marine catastrophe losses in Japan has already been used for an industry loss warranty (ILW).We've learned that reinsurance broker Willis Re has become the first to structure and trade an industry loss triggered retrocessional risk transfer instrument read the full article →

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 →