risk modelling

Share

RMS launches model platform updates & new HD Euro SCS risk model

Catastrophe risk modelling specialists RMS have announced the launch of a range of product updates to its Risk Intelligence platform, including a new version of its Risk Modeler tool, updated models, plus new high definition risk models covering the European severe convective storm peril across 17 countries in the region.With read the full article →

WTW launches tool to track Covid-19 property exposure in real-time

Insurance and reinsurance brokerage Willis Towers Watson (WTW) has launched a tool to help risk managers assess their Covid-19 coronavirus property exposure in real-time.The tool delivers real-time, risk and analytics information as part of WTW's Global Peril Diagnostic modelling tool, which now offers up-to-date information on confirmed global COVID-19 cases read the full article →

RMS names Michael Steel as Global Head of Business Development

Global catastrophe risk modeller RMS has appointed Michael Steel, who previously served as the Group Chief Risk Officer at AXIS Capital, as Global Head of Business Development, joining the RMS Executive Committee.Steel first joined RMS in 2016 as Global Head of Risk Solutions and prior to his appointment, had been read the full article →

Insured catastrophe losses reach $72bn in 2019: Aon

Natural catastrophe events cost the global economy an estimated $232 billion in 2019, while the insurance and reinsurance industry is estimated to have paid for roughly 31% of this at $72 billion, according to broker Aon.The insurance and reinsurance broking professional services firm has estimated 2019's insurance industry loss from read the full article →

AbsoluteClimo’s climate risk models forecast fewer economic losses in 2020

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, says its models suggest that in 2020 global total economic losses from climate-driven natural catastrophes are most likely to meet or exceed $110 billion.That's significantly lower than the number seen this year and also lower than read the full article →

KatRisk adds treaty reinsurance capabilities to catastrophe risk model

KatRisk, a catastrophe risk modelling company with a focus on flood and wind related risks and the third-party risk modelling agency for the NFIP flood catastrophe bonds, has updated its SpatialKat product suite to add treaty reinsurance capabilities.KatRisk has been steadily updating its catastrophe risk modelling suite of underwriting related read the full article →

PERILS investigates Venice & UK floods and Australian bush fires

Industry backed catastrophe loss data aggregator and estimator PERILS AG is investigating three recent events around the globe, to establish whether they will meet the various thresholds for each region and peril to warrant regular reporting.Severe weather has led to a number of catastrophe events in countries where PERILS tracks read the full article →

PERILS expands loss aggregation services to include New Zealand

PERILS AG, the Zurich based provider of industry-wide catastrophe exposure, industry loss data and indices, is expanding its services to include New Zealand.PERILS, which is a non-profit but industry-supported service provider, already collects and distributes data on catastrophe insurance and reinsurance losses in Australia, so adding New Zealand is a read the full article →

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 →