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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 →

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 →