forecasting

Technology advancements promise to transform modelling and analysis of weather and natural catastrophe perils and Planette, a company focused on long-range weather prediction technology, is aiming to provide more accurate forecasts and detect severe weather events weeks to six months in advance using its QubitCast system.

A new report published today by reinsurer Swiss Re says that the approaches currently taken to forecast longevity are inadequate and can lead to inaccuracies. The unprecedented increases in life expectancies experienced in recent decades have been consistently underestimated due to the use of inadequate methods for assessing future longevity. This leads to funding difficulties […]

Many weather and peril re/insurance pricing decisions have tended to be made based on analysis of historical data rather than on forecasts. Historical data has always been seen as the best way to predict weather trends and assess riskiness of a specific peril in a specific geographic location. Forecasts were seen as too inaccurate and […]