industry loss trigger

Property Claim Services (PCS) has announced that in the first-quarter of 2019 it will provide county-level industry insured loss estimates and claim counts across all U.S. states and perils, for events with insured losses of at least $1 billion.

Catastrophe data loss aggregation and estimation firm, PERILS AG, has revealed that since January 1st, 2010, a total of 233 transactions have been placed using its industry loss triggers and data, resulting in combined limits placed of $14.9 billion.

Property Claim Services (PCS), a Verisk Analytics business, has now launched its awaited latest industry loss data solution for global specialty insurance and reinsurance lines, a new loss aggregation solution and risk transfer index for terrorism risks.

Property Claim Services (PCS), a Verisk Analytics business, has announced plans to launch a new loss aggregation solution for terrorism risks in the opening months of 2018, its latest industry loss data solution for global specialty insurance and reinsurance lines.

Analysis from Property Claim Services (PCS), a Verisk Analytics company, reveals that the use of PCS data in 2017 catastrophe bond issuance increased by 77% to $5.3 billion when compared with the previous year, as total issuance broke records.

During the first-nine months of 2017 the use of the PCS industry loss trigger for catastrophe bond issuance increased substantially when compared with the same period in 2016, to a huge $4.54 billion, according to analysis from Property Claim Services (PCS), a Verisk Analytics company.

The first marine and energy industry loss warranty (ILW) transaction has been traded using the PCS Global Marine and Energy non-elemental industry loss index service, with insurance and reinsurance linked investment manager Twelve Capital providing the capacity to back the deal.

After a record-breaking first and second-quarter for catastrophe bond and insurance-linked securities (ILS) issuance, use of Property Claim Services (PCS) data in H1 transactions increased significantly to $4.5 billion when compared with the previous year, according to the PCS H1 2017 Catastrophe Bond Report.

Industry loss triggers continue to play a vital role in risk transfer transactions, such as catastrophe bonds, industry loss warrants (ILW’s) and other private ILS or collateralized reinsurance arrangements, and now PERILS AG has reached $14.2 billion of limit placed using its triggers and data.

Property Claim Services (PCS) recently launched a new service offering non-elemental industry loss estimates for the global marine and energy insurance and reinsurance sector, as well as a risk-transfer index to facilitate transactions. Following this launch Artemis spoke with Tom Johansmeyer, assistant vice president, PCS Strategy and Development to discuss what could be a resurgent […]