Reinsurance News
Moody’s RMS
CatX partners with Moody’s RMS to bolster analytics capabilities
21st February 2024
CatX, the regulated digital marketplace connecting insurers, reinsurers and brokers with alternative capital, has strategically partnered with risk modeller Moody’s RMS to support brokers and cedents in accessing a broader capacity base and model and price risk more effectively. Under this partnership, CatX is enhancing its capabilities with the addition of ... Read the full article
Arrival of cyber catastrophe bonds a ‘pivotal step’: Moody’s RMS video interview
30th January 2024
The introduction of the first 144A cyber catastrophe bond transactions in the final quarter of last year was an important step in the development and advancement of the broader cyber risk transfer market, according to Damini Mago and Alice Woolley of Moody's RMS. The latest video interview in ... Read the full article
Moody’s RMS puts Japan earthquake insured loss at $3bn – $6bn
12th January 2024
Catastrophe risk modeller Moody's RMS estimates that the total insurance industry loss from the magnitude 7.5 earthquake that struck Japan on New Year's Day will likely fall between $3 billion and $6 billion. This estimate from Moody's RMS is based on analysis of the devastating quake using the risk modellers Japan ... Read the full article
Climate Change a challenge to UK flood defences: Moody’s RMS & Flood Re
1st December 2023
A joint study by Moody’s RMS, the risk modeling and solutions company, and UK flood reinsurance scheme Flood Re, warns of the limitations of current flood defences in the face of climate change, and calls for the UK to invest further. The main point put across in the report is that ... Read the full article
Redline Underwriting adopts Moody’s RMS Risk Modeler application on the IRP platform
22nd November 2023
Redline Underwriting, a Lloyd’s coverholder specialty underwriting firm, has adopted Moody's RMS' Risk Modeler application on the Moody's RMS Intelligent Risk Platform (IRP). This comes as Redline Underwriting enters into a long-term agreement with the leading risk modeling and solutions company. By being able to use the Risk Modeler, this will ... Read the full article
Taiping Re adopts Moody’s RMS Risk Modeler
21st November 2023
Taiping Reinsurance Co. Ltd (TPRe) and Taiping Reinsurance Brokers Ltd. (TPRB) have licensed Moody’s RMS Risk Modeler, an application on the cloud-native Intelligent Risk Platform. According to the firm, TPRe and TPRB are the first reinsurance businesses based in the Hong Kong/China region to upgrade to the Risk Modeler application from ... Read the full article
Moody’s RMS estimates Hurricane Otis insured losses at $2.5bn-$4.5bn
14th November 2023
Moody’s RMS has estimated that private market insured losses from Hurricane Otis will be between $2.5 billion and $4.5 billion. According to the firm, this estimate represents insured losses associated primarily with wind damage in the Category 5 hurricane that made landfall in Acapulco, Mexico. The figures reflect property damage and ... Read the full article
Moody’s RMS estimates Windstorm Ciarán insured losses of up to €1.5bn
13th November 2023
Moody’s RMS has released a report estimating that insured losses from Windstorm Ciarán, will likely fall between €0.9 billion and €1.5 billion. Windstorm Ciarán (also named Emir by the Free University of Berlin), struck Western Europe on November 1-2. According to Moody's RMS, France accounts for the majority of the loss estimate, ... Read the full article
Florida bolsters coastal defense in response to rising hurricane threat: Moody’s RMS Study
30th October 2023
Florida is actively implementing stringent building codes and strategic adaptation investments to protect its booming coastal real estate markets from the increasing danger of hurricanes and rising sea levels, according to a Moody's RMS case study. The United Nations estimates that by 2050, over 2.5 billion more people will call cities ... Read the full article
Deploying tools for climate risk management is where the industry faces a huge gap: RMS
24th October 2023
Reinsurance News recently spoke to Joss Matthewman, Senior Director, Product Management & Strategy, RMS, about what he believes the re/insurance industry needs to do to try and combat the effects of climate change. He highlighted how this topic is particularly important, because, as physical risks change as the climate changes, the ... Read the full article
Moody’s RMS launches Cyber Industry Steering Group
12th September 2023
Moody’s RMS has announced the launch of its Cyber Industry Steering Group to develop industry initiatives that respond to the growth of the global cyber insurance market. According to Moody's RMS, leading market participants Munich Re and Gallagher Re, and global cyber risk management leader Bitsight have joined the steering group, ... Read the full article
Moody’s RMS estimates Hurricane Idalia’s insured losses to range between $3bn-$5bn
4th September 2023
The total private market insured losses from Hurricane Idalia are estimated to be between $3bn and $5bn, with a best estimate of $3.5bn, according to Moody’s RMS. This estimate represents insured losses associated with wind (between $2.2bn-$3.4bn); storm surge (between $0.5bn-$1.3bn); and precipitation-induced flooding ($0.3bn). Moody’s based its estimates of insured wind ... Read the full article
Secondary perils are starting to take a much greater share of losses: Moody’s RMS’ Stevenson
30th August 2023
The insurance industry has essentially focused its attention on what is regarded as "primary’ perils", which mainly involves tropical cyclones and earthquakes, according to Rob Stevenson, Senior Client Director of Moody’s RMS. In a recently published blog, authored by Stevenson, he highlights how secondary perils – either perils that follow on ... Read the full article
Economic losses from Hawaii wildfire to be between $4-6bn: Moody’s RMS
23rd August 2023
The global catastrophe risk modeling and solutions company, Moody’s RMS, has estimated $4 billion to $6 billion of economic losses from the recent Lahaina conflagration and Kula wildfires in Hawaii. The estimate includes property damage, contents, and business interruption, across residential, commercial, industrial, automobile, and infrastructure assets. Although the economic loss estimate ... Read the full article
Barents Reinsurance adopts Moody’s RMS models for property portfolio
7th August 2023
Barents Reinsurance SA, part of the Barents Re Group, has selected Moody’s RMS to provide natural catastrophe modelling services for its expanding property portfolio. As part of the multi-year agreement, data enhancement and modelling will be executed by Moody’s RMS Analytical Services team to cover multiple perils, including Europe earthquakes, windstorms, ... Read the full article
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