risk model

International catastrophe modelling firm AIR Worldwide has released an earthquake risk model for India, which it hopes will provide a comprehensive tool that enables insurance, reinsurance, and ILS players to attain a better view of the exposure in the region.

International risk modelling firm RMS has announced the release of version 16.0 of its catastrophe modelling platform, which includes enhancements to its European windstorm and global terrorism models, as well as a new marine cargo & specie model, and new data for U.S. flood risks.

Inertia is a scary thing. We tend to get used to doing things in a certain way, because “that’s the way we’ve always done it”, even if we know the thing is clearly broken.

A newly launched high-resolution, multi-peril UK flood model from JBA Risk Management, designed to help insurers and reinsurers to work with the governments Flood Re reinsurance facility, could also be applied to help issue a UK flood catastrophe bond.

A catalyst for the growth of insurance-linked securities (ILS) in the property catastrophe reinsurance sector is the capabilities of third-party modelling, but a lack of predictive modelling within the casualty arena mitigates entry and impact of a similar scale, according to industry experts.

A report has highlighted the potential for risk models in the insurance and reinsurance industry to cause systemic risk, signalling a need for underwriting discipline alongside advanced and robust modelling capabilities, an area the insurance-linked securities (ILS) space is now embracing.

Accurate and adequate risk models are a necessity to the operations of the insurance and reinsurance industry, but they are sometimes viewed as a black box which underlines the need for common sense and underwriting judgement to enable a more holistic view of risks.

Reinsurance broker Willis Re wants to help its insurer clients to enhance their views of global catastrophe risks, with a new dual approach to catastrophe risk modelling and risk analytics, something that would also benefit insurance-linked securities (ILS) investor or fund managers.

A new report published by the Lloyd’s of London insurance and reinsurance market concludes that by underpinning liability catastrophe models with big data techniques, opportunities could be found for the ILS market to get more deeply into casualty risks.

RMS, one of the world’s leading catastrophe risk modelling firms, has announced the acquisition of HWind Scientific, LLC, a provider of real-time, objective, observation-based hurricane data, for an undisclosed fee.