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 →

Property Claim Services (PCS) leadership changes announced

Leadership changes have been announced at Property Claim Services® (PCS), the division of Verisk Insurance Solutions that collects and aggregates insurance industry loss data which is widely used in reinsurance, industry loss warranty (ILW) and catastrophe bond transaction. Tom Johansmeyer has been appointed assistant vice president of PCS Strategy and Development, read the full article →

PCS index triggers widely utilised in 2015 cat bond issuance

The latest catastrophe bond report from Property Claim Services (PCS) highlights the continued use of PCS data for both index triggers and independent catastrophe designations, in the maturing insurance-linked securities (ILS) space. Excluding cat bond lite transactions, private ILS deals, and deals focused outside of the property catastrophe insurance or reinsurance read the full article →

Use of PCS industry loss triggers up in Q1 2015 cat bond issuance

Use of insurance industry loss triggers using data supplied Property Claim Services (PCS) increased in the first-quarter of 2015, as a record first-quarters' catastrophe bond issuance saw PCS' data used in $800m of transactional volume across 4 deals. In PCS’ latest catastrophe bond market report, titled 'Heavy and Lite: PCS® First-Quarter read the full article →