All catastrophe modelling articles
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NewsFrequency perils reshaping cat risk landscape – Verisk’s Garcia
Verisk’s Giovanni Garcia discusses the changing nature of catastrophe risk, the surge in so-called frequency perils, and how advances in modelling and data integration are reshaping insurers’ understanding of global exposure.
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NewsSynthetik hires Harris as global head of partnerships and distribution
Manmade and natural catastrophe data and analytics firm Synthetik brings in Argo and AIG veteran to support international growth of modelling platform
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NewsFrequency perils lead cat surge to $152bn expected insured annual cost – Verisk
A report from insurtech and catastrophe risk modeller Verisk highlights the strain on insurers as severe thunderstorms, wildfires and floods drive sustained losses, with exposure growth and climate change adding further pressure
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NewsInsurers divided on cat model usage, Aon study finds
Half of insurers still not licensing catastrophe models despite record nat cat losses, according to a survey by the re/insurance broker
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NewsOpen-Source Risk Modelling: Unlocking Global Access to Resilience
Open modelling is about more than individual loss events, it’s about global capacity building and risk understanding, writes Dickie Whitaker, CEO, Oasis Loss Modelling Framework.
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NewsWildfire, SCS, and the future of cat modelling – Karen Clark interview
Karen Clark, CEO of Karen Clark & Company (KCC), is a pioneer in catastrophe risk modelling. As the industry faces mounting challenges from wildfires, severe convective storms (SCS), and shifting market conditions, the looks to the future of cat models.
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NewsMulti-source data’s critical role in responding to the LA wildfires
The LA wildfires underscored the importance of balancing speed with precision, writes David Heathcote of McKenzie Intelligence Services.
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NewsLA firestorm: $20-30bn insured loss estimate from Moody’s RMS
Cat modeller’s preliminary estimate range reflects impacts observed to date, with significant uncertainty.
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NewsVerisk puts $30-50bn insured loss range on Milton
Hurricane Milton hit south of Tampa, making landfall in Siesta Key and South Sarasota around on 9 October as a Category 3 hurricane.
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NewsMoody’s RMS puts $35-55bn insured loss estimate on Helene and Milton combined
Catastrophe modeller Moody’s RMS will issue its final industry-insured loss estimate for Hurricane Milton later this week.
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NewsMoody’s RMS puts $11bn insured estimate on Helene
Hurricane Helene will cause an insured loss of between $8bn and $14bn, according to the estimate of catastrophe modeller Moody’s RMS.
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NewsNat cat insured bill hits ‘new high’ of $151bn annual loss average – Verisk
Exposure growth is expected to average 7.2%, according to a new report from catastrophe risk data and analytics firm Verisk.
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NewsKCC: What’s causing market disruption and how to fix It
Karen Clark writes on the challenge facing catastrophe modelling, and the need for a major upgrade.
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NewsDebby insured loss capped at $1.5bn – Moody’s RMS
Catastrophe modeller Moody’s RMS’s Hurricane Debby estimate represents insured losses associated with wind, storm surge, and precipitation-induced flooding.
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NewsMIS: Modelled Data vs Observed Intelligence
In a major paradigm shift, modelled data is being sidelined for tangible information sourced from observed intelligence. McKenzie Intelligence Services’ chief product officer Rosina Smith describes how we’re bridging the gap between prediction and knowledge.
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NewsReport tackles climate modelling uncertainty
Regulators have different approaches, resulting in a lack of consistency and hindering re/insurers efforts
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NewsTotal economic damage from Ian to breach $100 billion, says KCC
Cat modeller predicts high proportion of litigated claims due to ‘tremendous amount’ of coastal flooding
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NewsInflation a major wildcard for Florida recovery - RMS
’Wind versus water’ claims disputes to arise post Ian, with full recovery likely to “take years”
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NewsVerisk pegs Ian losses at $42 to $57 billion
Ian brought significant storm surge damage, however, the flood insurance take-up on residential risks in Florida are low
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NewsHurricane Ian close to Cat 5 in strength - RMS
NHC has Ian making landfall as a category 4 major hurricane near Port Charlotte shortly after 2pm local time
