All catastrophe modelling articles
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NewsICEYE pushes satellite intelligence from claims response into underwriting
Stephen Lathrope told GR the satellite intelligence provider is expanding beyond catastrophe response into underwriting and predictive analytics as its insurance customer base grows
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NewsVerisk lifts global yearly insured cat loss benchmark to $171bn
Modelled average annual losses rise $19bn in a year, according to cat modeller Verisk, with the US accounting for 68% of global insured cat risk
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NewsVerisk puts Kumamoto earthquake insured losses at up to $2.1bn
Howden Re commented saying it expects losses to remain well below the 2016 Kumamoto earthquake, although the extent of business interruption will depend on restart timelines at semiconductor facilities
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NewsVerisk estimates Venezuela quake losses above $10bn
The June 24 earthquake sequence was the strongest to affect Venezuela since 1900, according to Verisk, striking 100 miles west of Caracas
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NewsVerisk launches reengineered US hurricane model
The updated tropical cyclone model will be available through Verisk’s new cloud-native Synergy Studio platform from 15 June
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NewsMoody’s warns US flood protection gap could top $1trn
A report co-authored by Jennifer Chang, senior vice president for sustainable finance credit, Moody’s Ratings, and Firas Saleh, director of North American flood models, Moody’s, looks at flood scenarios facing the US and warns of a yawning protection gap
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NewsOasis SaaS aims to promote choice and safeguard independence in cat modelling
Dickie Whitaker, chair of Oasis SaaS, says the new platform is designed to expand choice in catastrophe modelling, giving re/insurers and brokers access to multiple views of risk rather than relying on a small number of vendor sources
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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.
