Howden Re, the reinsurance, capital markets and strategic advisory business of Howden Group, and Synthetik Insurance Technologies, a leader in modelling political violence and terrorism perils, have launched UNREST, an analytics tool to better manage strikes, riots and civil commotion (SRCC) risk, through an exclusive partnership.
Built on the heels of Synthetik’s srccQuantum, UNREST is an analytics capability designed specifically to provide re/insurers enhanced insight to understand, quantify, and manage SRCC risk, by combining dynamic, property-level modelling and event simulation.
The pair explained that the offering aims to support underwriting, portfolio management, and reinsurance decision-making by enabling users to identify risk concentration, assess accumulation potential, and understand the potential impact of SRCC events across portfolios.
The Howden Re Marine, Energy & Terror team is undertaking a model enhancement process in order to bring real value and significant benefits to clients.
The two companies said, “UNREST is the first model capable of quantifying existing market event definitions for SRCC. It will give both parties clear insight into the potential loss quantum associated with the variance in the radii/hour clauses that make up current occurrence wordings.”
While traditional approaches rely on broad geographic assessments or aggregate loss data, UNREST generates realistic event scenarios and models their potential impact at the property level, providing more localised insight across portfolios.
Andrew Foot, Managing Director, Howden Re, commented, “SRCC has become an increasingly important consideration for insurers and reinsurers, but the tools available to assess the risk have struggled to keep pace with how these events actually unfold. UNREST sets a new standard for how this risk is assessed and managed.
“By pairing Howden Re’s market expertise with Synthetik’s modelling technology, we are giving both clients and Reinsurers, a far more granular view of exposure, accumulation, and potential loss at the property level. That means better-informed underwriting, sharper portfolio management, and a clear advantage over those still relying on tools that were not built for how SRCC risk actually behaves.”
Brian Watson, Chief Executive Officer, Synthetik, added, “Modelling SRCC risk with real precision has long been a challenge for the industry, partly because these events don’t follow the kind of consistent historical patterns that other perils do.
“Our approach generates realistic event routes and footprints at the property level, rather than relying solely on broad historical or demographic trends. We are pleased to partner with Howden Re, working closely with their team to further enhance and customize that approach, and bring exclusive capabilities to their clients as they navigate an evolving SRCC risk landscape.”
