modelled loss

Catastrophe data aggregator PERILS AG has expanded its real-time industry loss forecasting software tool to cover Australian hail storm events and has upgraded the European windstorm and Australian tropical cyclones versions as well.

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.

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.

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.

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 others receive less attention. A […]

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 in transactions over the years. […]