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Risk Modelling

RMS signs consultancy agreement with Tunis Re

30th December 2021

Catastrophe risk modelling and solutions company RMS has signed a consulting agreement with Tunis Re to create an exposure and accumulation study, with a focus on Flood, Terrorism and other natural catastrophes. It's hoped the work will enable Tunis Re to increase monitoring of its exposures and further expand its risk ... Read the full article

Climate models are becoming increasingly critical: Aeolus

23rd November 2021

Insurance and reinsurance companies are naturally at the forefront of understanding climate change risk, and as the climate and resilience debate intensifies around the world, climate models are becoming more important, according to Aeolus Capital Management Ltd. Artemis, our insurance-linked securities (ILS) focused sister site, recently hosted a live ... Read the full article

Climate modeller Terrafuse AI launches platform for Cali wildfire risk

22nd October 2021

Terrafuse AI, a climate and weather risk forecasting tool developer, has launched a new platform for assessing and mitigating the growing property risk from wildfires in California, called Wildfire AI. Nearly 4.5 million U.S. homes were identified at high or extreme risk of wildfire, with more than 2 million in California ... Read the full article

RMS being offered for sale by owner DMGT

12th July 2021

RMS, one of the leading catastrophe risk modelling companies serving the insurance and reinsurance industry, is being offered for sale by its ultimate owner DMGT (Daily Mail and General Trust plc). DMGT said this morning in announcing a possible reorganisation and acquisition of all of its shares by its main holder, ... Read the full article

New Zealand’s EQC says hazard data key to reinsurance confidence

18th June 2021

New Zealand’s Earthquake Commission (EQC) has said that ongoing investment in natural hazard science, including the geological hazard monitoring service GeoNet, is key to maintaining the confidence of international reinsurance markets in providing coverage for the country. Fraser Gardiner, Chief Financial Officer at the EQC, noted that the GeoNet platform not ... Read the full article

Hurricane risk landscape is becoming more complex: RMS

3rd June 2021

RMS' latest update to its North Atlantic hurricane model continues to evolve the science of hurricane risk modelling, as the changing climate, growing exposures and changing market conditions drive an increasingly complex risk landscape, according to Jeff Waters and Ben Brookes. The latest in our sister publication Artemis' series ... Read the full article

North Atlantic Hurricane losses could increase 24% by 2050: RMS

7th May 2021

Catastrophe risk modelling and solutions company RMS has revealed that according to its new Climate Change Models, insured average annual losses (AAL) from North Atlantic Hurricane wind could potentially increase by as much as 24% by 2050. It also noted that European Flood risk AAL could increase by up to 59% ... Read the full article

RMS launches new climate change models

22nd March 2021

Catastrophe risk modeller RMS has launched new climate change models to help its customers assess the near and long-term impacts of climate change on physical assets and their businesses. The new models include RMS’s economic modelling framework which uses climate science consensus, including from the Intergovernmental Panel on Climate Change (IPCC). The ... Read the full article

To cut uninsured risks & prevent bankruptcies use more models, finds Oxford study

12th March 2021

The use of a more diverse set of risk models by the catastrophe re/insurance industry would reduce the level of uninsured risks by 50%, significantly raise the volume of available capital and, importantly, prevent a potential insurance industry "bankruptcy cascade", according to a new Oxford study. The study, authored by Professor ... Read the full article

QOMPLX to develop multi-peril modeling platform

11th March 2021

Risk analytics provider QOMPLX has revealed that it plans to develop a dynamic multi-peril modeling platform following its acquisition of insurance modelling and actuarial platform Tyche. The acquisition of Tyche was announced recently alongside news that QOMPLX has elected to go public via a merger with special purpose acquisition company, ... Read the full article

Praedicat and Lloyd’s Lab develop risk model for casualty insurers

25th November 2020

Lloyd’s Lab and risk modelling firm Praedicat have developed a series of scenarios for the casualty insurance market in the face of the COVID-19 pandemic. The scenarios are designed to help insurers that have a clash risk from COVID-19 that impact general liability and directors & officers (D&O) lines within an ... Read the full article

AbsoluteClimo upgrades global risk models

18th November 2020

AbsoluteClimo has announced an enhanced version of its global risk models GOTCHA and ClimoCats, both of which are linked to climate physics and machine learning predictions. The enhancements include upgraded machine learning and AI tools, wider tail risk probability forecasts, differential and departure forecasts, and a new global pandemic climate-epidemiology prediction ... Read the full article

Human behaviour critical to pandemic & cyber modelling: CyberCube

16th November 2020

A new report by cyber analytics provider CyberCube stresses the importance of understanding and predicting human behaviour when it comes to modelling both pandemic and cyber risk. According to the report, which sets out to understand the lessons both pandemic and cyber modelers could learn from each other, the potential for ... Read the full article

More collaboration needed on cat modelling: Twelve Capital’s Jamie Rodney

13th November 2020

Dr. Jamie Rodney, Executive Director of ILS Analytics at ILS investment manager Twelve Capital, has argued that more collaboration is needed across the re/insurance industry when it comes to catastrophe modelling. Rodney’s keynote speech at the online Prospectus 2021 conference yesterday offered some insights into peak catastrophe perils and the ... Read the full article

CoreLogic & Munich Re partner on climate risk modelling

24th September 2020

Property information and analytics provider CoreLogic has partnered with Munich Re to model climate risk exposures for individual properties in Australia and New Zealand. The partnership will combine Munich Re’s climate analytical capabilities with CoreLogic’s property data coverage and connection to banking, valuation, insurance and real estate systems. Together, they will aim ... Read the full article

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