PCS
In uncertain times, industry loss triggers make sense: Johansmeyer
In light of current market conditions and a heightened awareness about the hidden costs of UNL or indemnity business, it makes sense to leverage the industry loss index product, according to Tom Johansmeyer, Head of PCS. Industry loss metrics provided by PCS are extremely valuable for the industry and increasingly utilised read the full article →
The unexpected could drive Covid industry loss higher: Johansmeyer, ILS NYC 2021
Widespread uncertainty remains around much of the ultimate industry loss from the ongoing Covid-19 pandemic, but if the numbers reach as high as some of the early estimates, it's likely to be for unexpected reasons, says Tom Johansmeyer, Head of PCS. So far, publicly reported pandemic-related losses, IBNR reserves and estimates read the full article →
We’re at the start of an industry-loss trigger adoption wave: Johansmeyer at ILS NYC 2021
It’s just a matter of time before the use of industry loss triggers for risk transfer transactions broadens and is more widely used, which in turn will unlock more diversifying risk into certain sub-sectors of the insurance-linked securities (ILS) space, according to Tom Johansmeyer, Head of PCS. The fifth annual Artemis read the full article →
Cyber ILS need to be repeatable, scalable & sensible: Johansmeyer, PCS
The increasingly sophisticated participants within the insurance-linked securities (ILS) market aren’t going to lap up just any cyber exposure that comes their way, the deals have to make sense, according to Tom Johansmeyer, Head of PCS. Cyber risk is a rapidly growing exposure which can accumulate in ways that suggests the read the full article →
No major change across cyber reinsurance amid Covid-19: Johansmeyer, PCS
Although cyber criminals tend to thrive on chaos, so far, the presence of a global pandemic hasn’t led to any significant rise in activity or threat, according to Tom Johansmeyer, Head of PCS. “Does a virus like a pandemic, an actual physical virus, make people hack or disrupt networks? Not directly. read the full article →
U.S. riot losses accelerated & worsened by pandemic: Johansmeyer at ILS Asia 2020
In an extensive and insightful keynote at the virtually held Artemis ILS Asia 2020 conference (now available on-demand), Head of PCS, Tom Johansmeyer discussed a number of Covid-19 loss scenarios, including the potential combined impacts of the virus and strike riot, civil commotion (SRCC) in the U.S. Triggered by the killing read the full article →
Is the ILS market ready to tackle cyber?
A lack of historical and contextual data continues to hinder the entry of the insurance-linked securities (ILS) market into the cyber re/insurance space, and with ‘silent’ cyber exposures adding further uncertainty, it might be easiest for the ILS sector to focus on affirmative cyber, at least to begin with. This is read the full article →
The ongoing, innovative evolution of PCS: Tom Johansmeyer
Over the last couple of years, Property Claim Services (PCS) has innovated and evolved to offer an enhanced, client-centric global strategy designed to serve both existing and new client needs. In light of a flurry of market activity, Artemis spoke with Tom Johansmeyer, Co-Head of PCS, about the firm’s undertakings over read the full article →
PCS enhances U.S. service with state-level market share data capture rates
Property Claim Services (PCS) is to provide greater transparency for U.S. catastrophe loss estimates via the delivery of state-level market share data capture rates for U.S. events with insured losses of at least $1 billion. PCS, a Verisk Analytics business, says that its state-level market share data capture rates for qualifying read the full article →
PCS county-level estimates to enhance industry loss risk transfer
PCS has announced that it's to deliver county-level resolutions for catastrophe events in the U.S. with insured losses of at least $1 billion, providing an enhanced level of granularity that contributes to lower basis risk in industry loss index trading. The new offering (that we wrote about previously here) is available read the full article →
