risk model

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has launched a new product designed to allow re/insurers to track potential claims and losses from hurricanes in real-time, while allowing them to analyse key exposure metrics.

Risk modelling firm AIR Worldwide has released what it calls the first severe thunderstorm risk model for Australia that captures the three main sub-perils of tornado, hail and straight-line winds, a move that will help insurance, reinsurance and also ILS fund managers to better assess and manage risks in Australia.

Risk modelling and analytics firm RMS has announced the launch and roll-out of new typhoon models (for both wind and flood) for South Korea and Taiwan, and new earthquake models for Singapore, Malaysia, Thailand and Vietnam, which it hopes will help to stimulate growth opportunities for insurance and reinsurance targeting the region firms.

CATRisk Solutions has released a new Oasis earthquake risk model for the Middle East, a region underserved by catastrophe modellers when compared with more advanced markets and, that will provide insurers, reinsurers, and insurance-linked securities (ILS) players with a more comprehensive view of earthquake risk across the Middle East.

Risk modelling and analytics specialists RMS has announced an expansion of its offering with the addition of new India and China agricultural risk models and plans to expand coverage of its agricultural models across Asia-Pacific and the Americas.

Risk modelling firm AIR Worldwide will benefit from liability and casualty risk modelling abilities after parent company Verisk Analytics announced the acquisition of Arium, an independent company focused on liability risk modeling and decision support.

New data and analysis from international catastrophe risk modeller, AIR Worldwide, reveals that a 1-in-100 year loss event is equivalent to an estimated $253 billion in global insured losses, an increase of roughly 8% on last year and, the trend is evident across all loss metrics.

The launch of Oortfolio™, a liability insurance risk modeling platform from Praedicat, could stimulate innovation in liability insurance risk transfer, such as attracting new capital by enabling it to better quantify liability exposures and even liability catastrophe bonds.

International catastrophe risk modeling firm AIR Worldwide has been selected by the World Bank to model the Pandemic Emergency Financing Facility (PEF), and has also announced substantial enhancements to its Global Pandemic Model.

Following its launch in 2014, not-for-profit catastrophe risk organisation, Oasis Loss Modelling Framework (Oasis), has announced a global endorsement that will enable vital funding for insuring against climate risks.