industry loss trigger

A new venture named Catastrophe Indices and Quantification Inc. (CatIQ) has launched targeting the provision of Canadian catastrophe loss data, indices and analysis to the insurance and reinsurance industries.

Property Claim Services (PCS) has teamed up with Verisk Climate, both units of Verisk Analytics, to add natural hazard and weather analysis maps of affected areas to its PCS catastrophe designation and loss estimate bulletins.

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 […]