industry loss index

Risk Management Solutions (RMS) have announced that they have added a new peril to their suite of Paradex parametric indices for estimating insured industry losses. They already cover U.S. hurricane, U.S. earthquake, European windstorm, Japan earthquake and now have added Japan typhoon to the service.

PERILS AG seem to be experiencing very positive growth of transactions utilising their industry loss indices. They last reported the volume of transactions using their index at $250m for the first six months of 2010. Judging by their latest announcement they are successfully building on that momentum and their products are becoming widely accepted.

Here’s a copy of the latest press release from PERILS AG detailing the successful first half of 2010 they have experienced and with some details of the latest transaction (a private placement between Allianz Risk Transfer and Munich Re) to utilise their industry loss index. PERILS seems to be gaining traction and becoming accepted by […]

Risk Management Solutions has expanded its range of Paradex parametric industry loss indices to include U.S. earthquakes. Previously Paradex just covered U.S. hurricane and European windstorms. The windstorm loss index for Europe was recently used to structure SCOR’s Atlas VI Capital Ltd. catastrophe bond so this new earthquake index should help future issuers of U.S. […]

PERILS AG, the independent company based in Zurich which was set up to aggregate and report on European catastrophe insurance data, has announced the placement of the first two transactions which utilise its industry loss index.

PERILS, the independent company based in Zurich which was set up to aggregate and report on European catastrophe insurance data, has announced the launch of an industry loss index for European windstorm events.