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RMS upgrades more catastrophe models to HD, adds climate risk features

Catastrophe risk modelling software specialist RMS has announced a number of its core models transitioning over to High Definition (HD) versions, while also adding more functionality to help users understand the influence of climate change on perils of note to the insurance, reinsurance and ILS market. RMS said that its Europe read the full article →

Investors coming back to the table on climate change: Aeolus’ Fischer

Investors are becoming increasingly engaged in understanding how climate change could affect portfolios of insurance-linked securities (ILS) and the work that is being done at investment managers to understand that, with many taking the time to "come back to the table", according to Aeolus Capital Management's Frank Fischer. Speaking with us read the full article →

Leveraging climate research in ILS decision-making: Aeolus interview

This new Artemis Live video saw us interviewing senior executives at insurance-linked securities (ILS) and reinsurance investment manager Aeolus Capital Management, to discuss their ongoing program of climate risk research and how that is playing into investment decision-making at the firm. Aeolus' Chief Analytics Officer, Frank Fischer and Head of Research, read the full article →

Howden, Munich Re & Skyline create Jamaican parametric hurricane cover

Broking group Howden, global reinsurance firm Munich Re and UK insurtech Skyline Partners have teamed up to develop a parametric hurricane insurance product for Jamaican farmers. The parametric insurance is designed to stabilise Jamaica's financial system for its farming community, which it is said is coming under significant stress due to read the full article →

Parametric risk transfer interest drives innovation, but consolidation possible

Rising interest in parametric insurance and risk transfer has resulted in an influx of investor capital into the space, the development of new MGA's and capacity, as well as new technology platforms. While this is driving innovation in the parametric risk transfer space, the market is only so big for parametric read the full article →

RMS names Michael Steel GM as CEO White departs

Catastrophe risk modelling firm RMS, one of the leading insurance and reinsurance market analytics providers, has announced a change of leadership as its CEO departs and the company promotes from within to a new General Manager position. Michael Steel now takes what is the top leadership position of General Manager at read the full article →

Skyfora updates AI-powered tropical cyclone model, gets ILS adoption

Skyfora, a Helsinki-based weather intelligence startup that utilises artificial intelligence to derive tropical cyclone intensity forecasts, has announced an updated model and also noted that it has on-boarded a customer from the insurance-linked securities (ILS) market. Skyfora believes its model forecasts can provide a new source of enhanced insights into potential read the full article →

SEC’s climate risk disclosure rules to drive risk mgmt & transfer spend

As the US Securities & Exchange Commission (SEC) publishes a new set of proposed rules on climate risk disclosure, it's becoming increasingly clear regulating for climate risk reporting is going to drive risk management and risk transfer spend, with ramifications and opportunity for insurance, reinsurance and insurance-linked securities (ILS). Yesterday, the read the full article →

RMS hires Serakos from BMS Re to lead Model Product Management

RMS, the catastrophe risk modelling specialist company, has announced the hiring of reinsurance focused catastrophe analytics specialist Julie Serakos as its new Senior Vice President, Head of Model Product Management. Serakos joins RMS from her most recent role at BMS Re, having spent more than 30 years' working at reinsurance brokers read the full article →

RMS expands climate change models to assess long-term impacts

Catastrophe risk modeller RMS has revealed some changes to its climate change models in the U.S. and Japan, designed to address the growing need for climate change analytics in operational underwriting and portfolio management activities. The need for risk models to account for the impacts of climate change is a hot read the full article →