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RMS launches HWind forecasts for North Atlantic hurricanes

Catastrophe risk modelling specialist RMS has announced the launch of a new suite of hurricane forecasting products for the North Atlantic powered by RMS HWind.The tools are part of the firms RMS HWind Real-Time Analysis Solution suite and are designed to enable proactive decisions to be made as hurricanes approach read the full article →

Risk models need to be recalibrated: Bentley, Guy Carpenter

The industries risk models "need to be recalibrated" in the wake of two years of catastrophe losses that have delivered significant loss creep, as well as to account for the changing climate, according to Robert Bentley, CEO, Global Strategic Advisory, Guy Carpenter.Despite the magnitude of recent losses, the reinsurance industry read the full article →

PERILS targets expansion into Japan

PERILS AG, the Zurich headquartered provider of catastrophe loss data and indices, is targeting expansion into the Japanese market and has hired an adviser to assist it.PERILS provides catastrophe loss data aggregation services, collecting data from certain insurance and reinsurance industry participants and reporting on losses, as well as providing read the full article →

Orbital Micro Systems targets enhanced weather insights for re/insurance & ILS

More granular and higher resolution satellite data from earth observations are set to improve weather and catastrophe event insights for the insurance, reinsurance and insurance-linked securities (ILS) industry, according to the CEO of Orbital Micro Systems.Orbital Micro Systems is a specialist in technology and data for space applications, with expertise read the full article →

Miami area Cat 5 hurricane like Irma would be $200bn+ residential loss: KCC

A Category 5 hurricane striking the Miami area of Florida, as 2017's Irma looked set to do, would result in over $200 billion of insured residential property losses alone, according to Karen Clark & Company (KCC), suggesting the full toll to insurance and reinsurance interests would be much higher.Catastrophe risk read the full article →

RMS launches new Risk Intelligence platform & sunsets RMS(One)

Catastrophe risk modelling specialist RMS has announced the launch of a new strategic risk modelling and risk management platform named Risk Intelligence, as it also announced that it would be sunsetting its beleaguered RMS(One) product.RMS said that it recognises the industry is facing undergoing a critical evolution, which has been read the full article →

Above average Atlantic hurricane & west-Pacific typhoon seasons forecast by AbsoluteClimo

Hawaii based climate and weather modeling, forecasting and risk management firm AbsoluteClimo has forecast an above average number of Atlantic hurricanes and west-Pacific typhoons will form during the 2019 seasons.The forecast goes a little against the grain of other meteorological organisations, who currently predict a relatively average hurricane season in read the full article →

RMS updates U.S. hurricane, Asia quake models. Hires MD for Asia-Pac & Japan

Catastrophe risk modelling specialist RMS has announced a raft of risk model updates, including to its U.S. hurricane model and Asia earthquake models, while also announcing a new Managing Director for Asia-Pacific and Japan.RMS said that it is releasing updates to its view of hurricane risk across hurricane-impacted countries in read the full article →

Physical & financial effects of climate change are accelerating: WMO

The physical and financial impacts of climate change are accelerating, according to the World Meteorological Organization, who says that record greenhouse gas concentrations are pushing global temperatures towards increasingly dangerous levels.The impacts and effects of climate change on the frequency, intensity and overall occurrence of severe weather related catastrophes and read the full article →

Climate catastrophe risk models launched by AbsoluteClimo

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has launched what it calls the "World's First Catastrophic Risk Models Linked To Skillful Climate Physics Prediction."Climo๏Cats (ClimoCats), as its climate catastrophe risk models are called, will enable insurance, reinsurance and insurance-linked securities (ILS) market participants read the full article →