risk modelling

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.

Aeolus Capital Management Ltd., the specialist insurance-linked securities (ILS) and reinsurance investment manager, is researching and working with artificial intelligence tools to see how the technology can add detail to modelling of perils and aid in making risk selection decisions.

Technology advancements promise to transform modelling and analysis of weather and natural catastrophe perils and Planette, a company focused on long-range weather prediction technology, is aiming to provide more accurate forecasts and detect severe weather events weeks to six months in advance using its QubitCast system.

Stefano Nicolini, a well-known specialist industry loss warranty (ILW) focused reinsurance broker, has joined Moody’s broker and insurance-linked securities (ILS) focus team as a Director of Sales, where he will be tasked with helping market participants utilise Moody’s catastrophe models and technology solutions.

Findings from a new survey released by broker Aon has highlighted a significant gap in catastrophe model utilisation, which can ultimately impact how re/insurers assess risk, structure capital and respond to disaster scenarios.