risk modelling

Moody’s has announced that it has launched its North America Severe Convective Storm HD Models, which according to the firm redefines the standard for assessing tornado, hail and wind risk.

As catastrophe risk models for assessing wildfires continue to advance, and as the industry experiences ongoing refinements in pricing and coverage through lessons learned from each new fire season, wildfire catastrophe bonds are anticipated to persist as a permanent and growing feature of the cat bond market, according to Acrisure Re.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has launched Version 3.0 of its US Winter Storm Model, which captures two types of winter storms: extratropical cyclones (ETCs) and Arctic air outbreaks.

Catastrophe risk modelling specialist Karen Clark & Company (KCC), has launched a new version of its US Severe Convective Storm (SCS) model, with the firm indicating that this update is expected to provide the accuracy and stability required by reinsurers and ILS investors for capital allocation concerning the severe thunderstorm peril.

CyberCube, a specialist modelling firm for cyber risks and exposures that has also been the third-party modelling agent for a number of the cyber catastrophe bonds that have been issued so far, has announced a significant more than $180 million investment in the company to support its long-term growth ambitions.

As the insurance-linked securities (ILS) market continues to evolve, both catastrophe and non-catastrophe models are critical components for trading, particularly in the 144A format, according to executives at Moody’s, who told Artemis that they view the ILS sector as a “very important element” of the re/insurance market.

In a recent commentary authored by Schroders Capital’s Mark Gibson, Senior Investment Director ILS, and Christoph Hummel, Head of Analytics, ILS, both make the case for enhancing the trusted vendor models that underpin the catastrophe bond market with in-house expertise.

Karen Clark & Company (KCC), the catastrophe risk modelling specialist, has launched RiskInsight® Version 4.15, the latest version of its RiskInsight open loss modeling platform, which introduces advanced performance and system enhancements to accelerate and streamline risk analysis for insurers, reinsurers, and insurance-linked securities (ILS) managers.

Global broker Aon and risk modelling, data and analytics specialist Moody’s have said that they see the annual premiums from the casualty catastrophe reinsurance market as a potential $5 billion opportunity, with a named peril focus seen as the best way to foster development of the segment.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has announced the hiring of former Verisk Executive Dr. Milan Simic, who joins the firm as Global Strategy Advisor.