industry loss trigger

Share

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 →

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 →

Tremor sees higher live cat interest for hurricane Sally than with Laura

Tremor Technologies, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, experienced higher activity in its live cat ILW marketplace yesterday for hurricane Sally, than it did a few weeks ago for Laura. The company launched a live cat industry loss warranty (ILW) marketplace for hurricane Sally yesterday, read the full article →

Tremor to run live cat auctions for every hurricane, including today for Sally

Tremor Technologies, the insurtech company that offers a technology-based programmatic insurance and reinsurance risk transfer marketplace, is set to make its marketplace available for every major hurricane threat, with live cat auctions set to be run by the insurtech, including today for hurricane Sally. Hurricane Sally is heading for a northern 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 →

Live cat ILW’s fail to trade as Laura’s track stays east of Houston: Tremor

While hurricane Laura was intensifying rapidly on its path towards the Gulf Coast, insurtech firm Tremor Technologies ran a series of industry loss warranty (ILW) auctions, but no trades were made as the market assumed the loss would not be significant enough to warrant the added coverage. Interest in trading live read the full article →

Tremor to run hurricane Laura ILW auctions today

Just an hour ago, we published a piece asking why acquiring hedging capacity when a major hurricane threat is in the water isn't easier and as if by magic it transpires that insurtech Tremor Technologies will run a series of industry loss warranty (ILW) auctions this afternoon, U.S. time, which read the full article →

“Material increase” in ILW purchasing seen at renewals: Aon

Purchasing of retrocessional reinsurance coverage in industry-loss warranty (ILW) form was seen to show a "material increase" around the mid-year renewal season, according to broker Aon. In the companies' latest reinsurance market report, Aon said that the industry loss warranty (ILW) market is one area where a lot of activity has 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 →