exceedance probabilities


PML’s leave re/insurers over-exposed to losses, ILS can help: Karen Clark

As U.S. property values and catastrophe risks increase, the insurance-linked securities (ILS) sector can help to mitigate the “false sense of security” PML's offer the global insurance and reinsurance market, according to Karen Clark & Company. Catastrophe risk modelling and management firm, Karen Clark & Company (KCC) has released a new read the full article →

Catastrophe model gaps an opportunity for reinsurance and ILS: Karen Clark

For those in management tasked with risk analysis, risk strategy implementation and long-term views of risk, the probable maximum loss (PML) “is not a useful number,” stressed Karen Clark during a speech at the SIFMA event in the U.S. last week. The original founder of AIR Worldwide and now Chief Executive read the full article →

EQECAT releases U.S. Earthquake insured loss database

Risk modelling firm EQECAT has released the third update to its five-peril range of insured loss databases and event libraries, with the release of version 2 of its U.S. Earthquake Insured Loss Database (ILD) version 2 and its Event Library for the U.S. Earthquake (USQuakeTM) Model. EQECAT released updates to its read the full article →

EQECAT releases updated hurricane insured loss database

Risk modelling firm EQECAT has released new versions of its U.S. Hurricane Insured Loss Database and Event Library, which allow insurers, reinsurers and catastrophe bond issuers or investors to model the frequency and severity distribution of industry losses from hurricanes. Having a robust view of potential hurricane insured losses is vital read the full article →