industry loss index


In uncertain times, industry loss triggers make sense: Johansmeyer

In light of current market conditions and a heightened awareness about the hidden costs of UNL or indemnity business, it makes sense to leverage the industry loss index product, according to Tom Johansmeyer, Head of PCS. Industry loss metrics provided by PCS are extremely valuable for the industry and increasingly utilised read the full article →

We’re at the start of an industry-loss trigger adoption wave: Johansmeyer at ILS NYC 2021

It’s just a matter of time before the use of industry loss triggers for risk transfer transactions broadens and is more widely used, which in turn will unlock more diversifying risk into certain sub-sectors of the insurance-linked securities (ILS) space, according to Tom Johansmeyer, Head of PCS. The fifth annual Artemis read the full article →

PCS designates record number of catastrophe events in 2020

Highlighting the truly exceptional level of severe weather and natural catastrophe activity in 2020 so far, Property Claim Services (PCS) has already designated a record number of PCS Catastrophe events, with just over two months of the year left to run. Property Claim Services (PCS), a division of Verisk Analytics, has read the full article →

PCS designates hurricane Delta as first Mexico catastrophe event

Property Claim Services (PCS) has designated recent hurricane Delta's impacts on the Yucatan region as the first catastrophe event under its recently launched PCS Mexico industry loss data aggregation and index reporting services. PCS teamed up with Asociación Mexicana de Instituciones de Seguros (AMIS) to launch the PCS Mexico service just read the full article →

CRESTA launches its global catastrophe industry loss index – CLIX

The CRESTA organisation has now launched its new global catastrophe industry loss index, which it has named CLIX, promising to cover all natural catastrophe industry loss events around the globe that cost insurance and reinsurance interests more than $1 billion. The CRESTA Industry Loss Index, or CLIX, will provide benchmark information read the full article →

PCS adds Gulf of Mexico elemental marine & energy losses, targets global coverage

Property Claim Services (PCS), a Verisk Analytics business, has now officially launched coverage of Gulf of Mexico elemental insurance industry loss events to its PCS Global Marine & Energy service. The launch is seen as the first step on the road towards global elemental loss event coverage for both marine and read the full article →

Global catastrophe industry loss index to be created by CRESTA

The CRESTA organisation will soon launch a global industry loss index solution, that will provide insured loss data and event descriptions for natural catastrophe insured loss events around the world. CRESTA was established by the insurance and reinsurance industry in 1977 as an independent body for the technical management of natural read the full article →

PCS explores adding elemental loss events to Marine & Energy service

In response to market discussions and recent hurricane activity in the Gulf of Mexico, Property Claim Services (PCS), a Verisk Analytics business, is exploring adding coverage of elemental loss events to its PCS Global Marine & Energy service. PCS launched the Marine & Energy service in 2017, to provide the insurance read the full article →

Why large risk loss ILW’s are coming back (Covid-19 a factor): PCS’ Johansmeyer

Property Claim Services (PCS) has seen growing interest for its service that tracks global large onshore property losses of $500 million or greater and expects the first large risk industry loss warranty's (ILW’s) will be transacted soon. PCS launched the Global Large Loss service in the fourth-quarter of 2019 in response read the full article →

ILW market growth to come from specialty & cyber risks: Johansmeyer

The industry-loss warranty (ILW) market can be a driver of diversification for the insurance-linked securities (ILS) market as a whole, with growth expected in specialty lines and cyber risks. This is according to Tom Johansmeyer, Head of PCS, who spoke with A.M. Best TV at our recent New York insurance-linked securities read the full article →