PCS

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.

The volume of catastrophe bonds issued during the first-quarter of 2014 which utilised data from Property Claim Services (PCS) within their triggers totalled $465m, accounting for 50% of the applicable deals issued.

Over the course of 2013 the volume of catastrophe bonds issued which utilised data from Property Claim Services (PCS) within their triggers totalled $2.8 billion, accounting for nearly 40% of risk capital issued.

In the first nine months of 2013 approximately $2.1 billion catastrophe bond risk capital issued was based on a trigger which utilises data from Property Claims Services (PCS). This is 24% higher than a year earlier in 2012 when PCS triggers were used in $1.7 billion of cat bond issuance.

In what could prove to be one of the most important developments in the catastrophe reinsurance market in some time, Property Claim Services (PCS) has announced that it is working with the Cayman Islands Stock Exchange (CSX) on an initiative to launch exchange traded catastrophe derivatives on the CSX.

Of the catastrophe bonds issued in the first-half of this year, just over $1.6 billion of risk capital issued is based on a trigger which utilises data from Property Claims Services (PCS). PCS, the leading source of data on insured property losses from catastrophes in the U.S., is involved in the trigger of 7 transactions […]

The latest in our series of interviews with figures from the risk transfer and insurance-linked securities markets saw us speak with Joe Louwagie, assistant vice president at Property Claim Services® (PCS®), a unit of Verisk Analytics (Nasdaq:VRSK).

The latest re-survey of hurricane Sandy insurance industry loss estimates has now been completed and published by Property Claim Services (PCS). The loss estimate for Sandy has not changed after this re-survey, it remains at $18.75 billion, and PCS told us that it is going to perform another re-survey in 60 days time to ensure […]

According to an announcement from reinsurance-linked investment manager CATCo Investment Management, the latest re-survey of hurricane Sandy loss estimates has now been completed and published by Property Claims Services (PCS). After hurricane, or superstorm, Sandy struck the U.S. northeast last year, PCS first reported the industry loss estimate as $11 billion in November, a number […]

The second estimate of hurricane Sandy insured losses has been released by Property Claims Services (PCS) this week. The first estimate of $11 billion which PCS reported in November has been increased by 70% to a new total of $18.75 billion. This number is very close to the total of reported loss estimates from insurers […]