modelled loss


PERILS upgrades windstorm loss forecast tool, expands it to Australia

Catastrophe data aggregator PERILS AG has upgraded its European windstorm industry loss forecasting software tool and expanded it to cover Australian tropical cyclones as well. PERILS launched the tool named Wind-Jeannie in 2015, to provide forecasts of potential insurance or reinsurance industry losses from European windstorms as they approached the continent. The read the full article →

Investor confidence in catastrophe models underpins ILS growth: JLT Re

The development of sophisticated catastrophe risk models has been integral to the growth of the insurance-linked securities (ILS) market, making it easier to understand and visualise risk exposures, roll up portfolios and identify insurance and reinsurance linked investment opportunities. In a recent report that looked at the use of catastrophe risk read the full article →

Risk models challenged in estimating complex hurricanes losses: JLT Re

Risk models are challenged when it comes to estimating losses from complex hurricane events, according to a study by reinsurance broker JLT Re, which finds that overall there is a trend towards significant loss underestimation and that accuracy suffers when events have unforseen on un-modelled) consequences. The study looked at significant read the full article →

The catastrophe bond triggers utilised in transactions to date

Catastrophe bond transactions can utilise a range of different types of triggers as points of measure to define whether they have experienced a loss or not. The types of triggers used by cat bond deals have changed over the years the market has existed as some come into favour and read the full article →

Catastrophe bond triggers through the ages

The latest Swiss Re sigma study, which I posted about yesterday, contains some great graphics which demonstrate how the market has evolved over time. Imagery makes it really easy to visualise the changes the market has undergone. One particular graphic that I like shows the different types of triggers utilised read the full article →