risk model

Karen Clark & Company (KCC) has announced the release of a new update to its RiskInsight® open loss modeling platform, which will “make it easier for model builders to create high resolution probabilistic catastrophe models reflecting their own knowledge, expertise and views of risk.”

Nephila Capital, the largest investment fund manager in the insurance-linked securities (ILS) and reinsurance-linked investment space, has selected risk modeller AIR Worldwide’s Touchstone platform for access to detailed risk analytics.

Catastrophe risk modeling company AIR Worldwide has released Version 3.0 of its catastrophe modeling platform, Touchstone®, today. The new version brings some new features to the platform that allows insurance and reinsurance users to develop their own view of risk.

Investors in the insurance-linked securities (ILS) and catastrophe bond markets deserve to have equal levels of data transparency in transaction submissions, to enable allocation decisions to be made on a level playing field, according to Ben Brookes of RMS.

Catastrophe and hazard risk modelling company JBA Risk Management today launched its first catastrophe risk modelling platform, JCalf 15, featuring multi-peril probabilistic models and is relevant to both reinsurance and ILS users.

New risk models for European windstorms and North Atlantic hurricanes have been released by RMS, offering insurance, reinsurance and ILS market users the ability to make enhanced risk selection and portfolio management decisions.

The Insurance Institute for Business & Home Safety (IBHS) is collaborating with HWind Scientific, LLC, a provider of real-time, objective, observation-based hurricane data, in order to better understand how hurricane winds affect building structures.

As the world met in Sendai, Japan last week to discuss increasing global economic resilience against natural disasters, a new set of Economic Exposure Datasets (EEDs) was released by RMS, providing a more detailed view of potential global risks.

For those in management tasked with risk analysis, risk strategy implementation and long-term views of risk, the probable maximum loss (PML) “is not a useful number,” stressed Karen Clark during a speech at the SIFMA event in the U.S. last week.

Actuarial, underwriting and claims statistical analytics provider, ISO, has announced the launch of a new platform, ISO RiskElements, that aims to help companies develop their own predictive analytics capabilities.