Reinsurance News
Moody’s RMS
Korean Re partners with Moody’s RMS to provide risk analysis across Europe and Asia
26th July 2023
Moody’s RMS risk models will now be available across Europe and Asia as Korean Re and the catastrophe risk modelling and solutions company have announced a new agreement to licence the products in these regions. These models include: Europe Inland Flood HD Models and Europe Severe Convective Storm (SCS) HD Models ... Read the full article
K2 signs new multi-year deal with Moody’s RMS
29th June 2023
K2 Insurance Services LLC, an independent specialty insurance program manager, has signed a new multi-year deal with global catastrophe risk modeling and solutions firm, Moody's RMS. The new multi-year deal, which covers three of K2's managing general agents (MGAs), K2 CAT, K2 Property D&F, and Vikco Insurance Services LLC, includes the ... Read the full article
Parametric insurance leaving the niche: Moody’s RMS & Swiss Re Corporate Solutions interview
29th June 2023
Helped by the capabilities of solutions such as Moody’s RMS’ HWind, parametric insurance is being leveraged more broadly to the benefit of the entire value chain, according to Callum Higgins, Moody’s RMS, and Martin Hotz, Swiss Re Corporate Solutions. Our insurance-linked securities (ILS) focused sister publication, Artemis, Read the full article
Moody’s RMS’ outlook for near-normal 2023 hurricane season amid competing factors
26th June 2023
Moody's Risk Management Services (RMS) has reviewed outlooks for the 2023 hurricane season, saying they are indicating that a near-normal season is most likely due to the competing and opposing influence of key factors such as the El Niño-Southern Oscillation (ENSO) and above-average North Atlantic Sea surface temperatures. While the overall ... Read the full article
Important to acknowledge warmer than average SSTs this hurricane season: Waters, Moody’s RMS
7th June 2023
With warmer than average sea surface temperatures (SSTs) expected close to the coast, there’s a chance storms could develop and make landfall very quickly, warns Jeff Waters, a meteorologist at Moody’s RMS. Waters has been the Product Owner for the RMS North Atlantic Hurricane models since 2018, ... Read the full article
Moody’s RMS receives FCHLPM approval for version 23 of North Atlantic Hurricane Models
6th June 2023
Catastrophe risk modeller Moody’s RMS has announced that version 23 of its North Atlantic Hurricane Models has received approval from the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). This certification allows the use of these models in residential rate filings with the Florida Office of Insurance Regulation. Moody’s RMS is ... Read the full article
Moody’s RMS integrating Nasdaq’s NRMC service into its Intelligent Risk Platform
11th May 2023
Catastrophe risk modeller Moody’s RMS is integrating Nasdaq’s Risk Modelling for Catastrophes (NRMC) service into its Intelligent Risk Platform. The integration will provide consolidated access to over 300 risk models offered through Nasdaq’s platform, in addition to more than 400 existing risk models already provided by Moody’s RMS. A recent preview of ... Read the full article
We really need to understand what cyber insurance is: Matt Harrison, Moody’s RMS interview
3rd May 2023
As the cyber insurance and reinsurance market continues to develop and expand, with the risk also growing in popularity within the insurance-linked securities (ILS) space, Matt Harrison, Director of Product Management for Cyber at Moody’s RMS, highlights the importance of understanding exactly what cyber insurance is. Read the full article
2017-22 losses a “wake-up call” to better assess climate risk, Moody’s Rahnama
16th March 2023
The record global natural catastrophe losses between 2017-22 are a “wake-up call” for the industry to “better assess, manage, and transfer” the risks of future climate-related events, saids Mohsen Rahnama, Chief Risk Modeling Officer and Executive Vice President, Models and Data of Moody's RMS. Writing in the Moody's RMS Catastrophe Review ... Read the full article
Industry must resist temptation to pull from cat-exposed areas: Moody’s RMS
15th March 2023
In an interview with the Financial Times (FT), Michael Steel, General Manager of Moody’s RMS, suggested that a combination of better analysis, new forms of loss prevention and higher prices should encourage reinsurers to take more risk amid the allure to pull from cat-exposed areas. In the FT interview, Steel noted ... Read the full article
Moody’s RMS expects insured loss from Turkey earthquakes to exceed $5bn
23rd February 2023
Catastrophe risk modeller Moody's RMS anticipates economic losses from the two February 6th earthquakes in southern Turkey to surpass $25 billion, with insurance and reinsurance industry losses likely to exceed $5 billion. These estimates from Moody's RMS exclude any losses in Syria, so are based only on the impacts of the ... Read the full article
Ocean Re announces new agreement with Moody’s RMS
21st February 2023
Ocean Reinsurance has signed a new agreement with Moody’s RMS, a global catastrophe risk modelling and solutions company, to help develop and expand client opportunities. The reinsurer aims to do this through the use of the Risk Modeler and ExposureIQ applications, both running on the Moody’s RMS Intelligent Risk Platform. Carlos Chamorro, ... Read the full article
Moody’s RMS estimates $5-7bn in economic losses from California flooding
25th January 2023
Global catastrophe and risk modelling solutions firm, Moody’s RMS estimates total US economic losses from the recent California flooding to be between $5-7 billion. This estimate reflects inland flood impacts for the US, which includes damage to infrastructure. The insured losses are anticipated to be between $0.5-1.5 billion, including losses to ... Read the full article
Moody’s RMS Intelligent Risk Platform passes 100 clients landmark
20th January 2023
Catastrophe risk modeller Moody’s RMS has announced that over 100 active clients across insurance and finance markets have adopted applications and services on the Moody’s RMS Intelligent Risk Platform (IRP). According to the firm, the platform has gained significant traction among brokers, insurers, reinsurers, managing general agents (MGAs), and Lloyd’s syndicates ... Read the full article
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