Reinsurance News
catastrophe modelling
Catastrophe modelling is a critical piece of the insurance and reinsurance market chain and product offering. Using catastrophe risk models, insurers and reinsurers analyse risks to inform their pricing and risk appetites.
Read our catastrophe modelling insurance or reinsurance related news and analysis below.
Rates need to reflect changing risk perception, suggests industry execs
3rd November 2017
The pricing of catastrophe risks in the insurance and reinsurance sector needs to reflect the increased severity and frequency of events, and the extremely costly third-quarter could lead to a change in risk perception, according to industry executives. Historically, the occurrence of significant price increases across the reinsurance market happens at ... Read the full article
RMS hires ex-Munich Re board member Ludger Arnoldussen
23rd October 2017
Catastrophe risk modelling and analytics firm RMS has announced the hiring of Dr. Ludger Arnoldussen, previously a board member at reinsurance firm Munich Re, in a move designed to strengthen the firms position in Europe. Dr. Arnoldussen has a long history in business development across both insurance and reinsurance sectors, most ... Read the full article
KCC’s new RiskInsight-lite facilitates tracking of hurricane losses in real-time
5th September 2017
Global catastrophe risk modeller, Karen Clark & Company (KCC), has announced the launch of a new modelling platform that gives insurers and reinsurers the ability to track claims and losses in real-time from live hurricanes, called RiskInsight-lite. The new modelling platform also enables insurance and reinsurance companies to estimate their exceedence ... Read the full article
CatIQ adds Canadian flood event footprints from Aon to platform
10th August 2017
Catastrophe Indices and Quantification Inc. (CatIQ) has entered into an arrangement with insurance and reinsurance broker Aon's Impact Forecasting division to add flood footprints for recent Canada flooding events to its platform. Impact Forecasting’s Cat Event Response flood footprints for Canada will be made available as a layer on CatIQ’s CatHUB ... Read the full article
Patria Re licenses full range of RMS models for LatAm and the Caribbean
28th April 2017
Global catastrophe risk analytics and modelling firm, RMS, has revealed that Latin American reinsurance entity, Reaseguradora Patria (Patria Re), has licensed the full range of RMS catastrophe models and analytics services for Latin America (LatAm) and the Caribbean. Parts of LatAm are extremely exposed to a variety of natural catastrophe events ... Read the full article
AIR Worldwide launches new cyber risk application for re/insurance markets
24th April 2017
Catastrophe risk modeling firm AIR Worldwide today released ARC (Analytics of Risk from Cyber), a cyber risk modeling application that can evaluate any commercial policy, and measure aggregations of cyber risk within a company's portfolio, allowing for easy assessment of key firms' cyber risk from across the globe. The application uses ... Read the full article
Swiss Re’s pioneering volcano model highlights multi-billion dollar exposure
23rd March 2017
A new, world first international volcano risk model has been launched by reinsurance giant Swiss Re, and reveals that some of the planet's largest cities have an economic exposure of up to $30 billion, underlining the need for effective insurance solutions. More than 1 billion people around the world live within ... Read the full article
Lloyd’s backs liability catastrophe risk modelling methodology
14th March 2017
Insurers and reinsurers will be able to model liability exposures across entire portfolios thanks to the development of an innovative methodology that offers a new way of analysing casualty events, ultimately improving the robustness of the marketplace. The innovative data-driven methodology has been developed by risk modeller Arium in collaboration with ... Read the full article
Shree Khare joins Hiscox from RMS as Head of Catastrophe Research
9th March 2017
Global insurer and reinsurer Hiscox has announced the appointment of Shree Khare from RMS as Group Head of Catastrophe Research, a role that will see him work closely with the firm's reinsurance and London Market operations. Khare will be responsible for leading research that directly informs Hiscox's own view of risk ... Read the full article
RMS Colombia Earthquake Model approved by regulator
21st February 2017
International catastrophe risk management and modelling firm, RMS, has received approval from the Colombian insurance regulator to provide catastrophe modelling services for earthquake risks in the region. Colombian insurance regulator, Superintendencia Financiera de Colombia (SFC), has given approval for the RMS Colombia Earthquake Model to be utilised by national and global ... Read the full article
Lloyd’s Market Association (LMA) publishes cat model guide
4th January 2017
The Lloyd’s Market Association (LMA) has published a new guide on catastrophe risk models today, as it seeks to bring more clarity to the subject, as the use of, range and complexity of catastrophe models has increased. The guide focuses on uncertainty in catastrophe risk modelling and is targeted at helping ... Read the full article
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