industry loss index

In the first nine months of 2013 approximately $2.1 billion catastrophe bond risk capital issued was based on a trigger which utilises data from Property Claims Services (PCS). This is 24% higher than a year earlier in 2012 when PCS triggers were used in $1.7 billion of cat bond issuance.

Zurich based PERILS AG, the independent provider of industry-wide European catastrophe insurance data and loss indices, has announced that the total limits at risk which use PERILS industry loss data as at the 1st September 2013 reached $4.3 billion.

Industry-loss based reinsurance contracts, catastrophe bonds and industry-loss warranties (ILW’s) could be coming to the South Korean reinsurance market if Property Claim Services (PCS) has its way, having reached an agreement in principle to work with the KFPA to bring its catastrophe loss index to South Korea.

Expanding the remit of the reinsurance and capital markets convergence arena seems to be high on the list of priorities for Property Claim Services (PCS) at the moment. The latest area of expansion it believes it can help to facilitate is transferring wildfire risks to capital market investors.

Property Claim Services (PCS), a division of Verisk and the leading source of data on insured property losses from catastrophes in the U.S. and Canada, has a desire to expand its industry loss data reporting services. PCS is looking at international expansion options for its catastrophe data services as well as marine & energy as a […]

Of the catastrophe bonds issued in the first-half of this year, just over $1.6 billion of risk capital issued is based on a trigger which utilises data from Property Claims Services (PCS). PCS, the leading source of data on insured property losses from catastrophes in the U.S., is involved in the trigger of 7 transactions […]

Zurich based PERILS AG, an independent provider of industry-wide European catastrophe insurance data and loss indices, has seen continued strong usage of its loss data and indices by the reinsurance and catastrophe bond sector in the last twelve months. The total amount of PERILS-based limits at risk has grown by 22% over the course of […]

An announcement this morning from Zurich based PERILS AG, an independent provider of industry-wide European catastrophe insurance data and loss indices, suggests that it may not be too much longer before we see a catastrophe bond featuring Italian earthquake risk. The catastrophe insurance data provider has extended its coverage to Italy and in a first […]

Zurich based PERILS AG, the independent provider of industry-wide European catastrophe insurance data and loss indices, has announced the release of a 2013 update to its PERILS Europe Industry Exposure Database. The database contains updated European windstorm property exposure information as well as property sums insured exposed to UK flood.

The latest firm to publish a report reviewing the 2012 catastrophe bond market is Property Claims Services (PCS), a leading source of data on insured property losses from catastrophes in the U.S. and part of the Verisk group of companies. The report looks back at 2012 from PCS’ perspective and highlights the continuing use of […]