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Reinsurance News

Risk Modelling

Applied Research Associates pairs with Simplitium & Oasis to offer U.S. hurricane risk model

13th November 2017

Applied Research Associates (ARA) has joined forces with Simplitium and Oasis to offer a cost-effective solution for re/insurers' U.S. hurricane risk modelling. ARA and Simplitium have formalised an agreement for ARA’s cat risk modelling software, HurLoss TM, which ensures the availability of the U.S. hurricane model on the catastrophe risk modelling ... Read the full article

FEMA selects AIR Worldwide flood risk model for NFIP

13th November 2017

The Federal Emergency Management Agency (FEMA) has selected AIR Worldwide’s Inland Flood and Storm Surge risk models for the United States to help it to get a better understanding of the National Flood Insurance Program’s (NFIP) loss potential. By taking up the AIR flood risk model, FEMA will benefit from a ... Read the full article

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

RMS announces release of Location Intelligence API solution

3rd October 2017

RMS has released a new product offering, dubbed Location Intelligence API, which provides location-based hazard, risk and loss metrics to offer re/insurers a consistent view of risk from underwriting to portfolio management. The risk solution compiles big data simulations of catastrophic events into loss costs, with optional additional details on key ... Read the full article

RMS appoints Pete Dailey VP, Global Flood Models team

25th September 2017

International catastrophe risk modeller, RMS, has named Pete Dailey Vice President (VP), to oversee the impending launch of the company's U.S. Inland Flood Model, which is scheduled for spring 2018. Dailey brings more than 15 years of industry experience to the role, and will lead flood model development in RMS' California ... Read the full article

JBA’s flood risk models added to Aon Benfield and Boat Oasis platforms

5th September 2017

The JBA Risk Management probabilistic UK flood risk model has been included in the Elements platform by reinsurance broker Aon Benfield and a range of JBA flood models have also been added to the Boat Oasis shared services risk modelling platform. Aon Benfield said it was teaming up with JBA to ... Read the full article

Cape Analytics announces product for improved assessment of cedant’s portfolio risks

4th September 2017

Structured property data provider, Cape Analytics, has launched a new cedent portfolio product offering for reinsurers that claims to enable more accurate judgement of risk exposure of cedent's portfolios. The Cape Analytics data solution relies on CAT risk models from AIR and RMS. Barney Schauble, Managing Partner at Nephila Advisors, said; "Cape Analytics ... Read the full article

Spinnaker selects TigerEye platform to structure reinsurance portfolio

11th August 2017

Spinnaker has chosen to use TigerRisk Partners’ TigerEye® platform to help the company structure its reinsurance portfolio and support its existing underwriting strategy, particularly for catastrophe exposure management. TigerEye is a portfolio roll-up and reinsurance structuring tool, created by the reinsurance broker and capital advisor TigerRisk Partners, that helps insurers make data-driven ... Read the full article

Boat Oasis integrates TigerEye Cat risk model management platform

28th July 2017

Boat Oasis has expanded its catastrophe risk modelling platform with its first integration of an external analytics platform, TigerEye, reinsurance broker and capital advisor TigerRisk's Applied Insurance Technologies portfolio management and pricing platform. Boat Oasis provides an independent, transparent and secure platform for re/insurers to try out catastrophe risk models - generating ... Read the full article

Boat Oasis adds Australian modeller COMBUS to global CAT risk platform

27th July 2017

Boat Oasis has expanded its shared services platform with its first catastrophe simulation models for Australia with the addition of the COMBUS model that assesses risk for Australian Bushfire, Severe Convective Storm, Low Pressure System, Tropical Cyclone and Earthquake. "By integrating with Boat Oasis, COMBUS becomes more easily accessible to re/insurance firms ... Read the full article

AIR Worldwide announces release of severe thunderstorm model for Australia

26th July 2017

Catastrophe risk modeller AIR Worldwide has released the industry's first Australia severe thunderstorm model, offering re/insurers a comprehensive view of risk by incorporating the three sub perils of hail, tornado, and straight-line wind. The new model simulates daily severe thunderstorms activity based on historical occurrence rates and local and seasonal weather ... Read the full article

RMS highlights potential of catastrophe re/insurance schemes in low income countries

17th July 2017

Catastrophe risk modeller RMS has conducted analysis on the potential impact of insurance schemes in low and low-middle income countries against natural catastrophe events, revealing that such structures could increase the volume of average annual asset recoveries to $3.1 billion. A new report from RMS commissioned by the UK Department for International Development ... Read the full article

RMS releases new typhoon and earthquake models for Asia-Pacific

12th July 2017

Global risk modeller RMS has released new risk models for the Asia-Pacific region, including what is says are the most sophisticated typhoon models on the market for South Korea and Taiwan, and earthquake models for Singapore, Malaysia, Thailand and Vietnam. The new earthquake models come as a RiskLink® version 17 update, expanding RMS' ... Read the full article

RMS launches RiskAssessor™ 2.0, a custom vulnerability solution for hurricane risk

30th June 2017

Global catastrophe risk modeller, RMS, has released RMS RiskAssessor™ 2.0, enabling insurers and reinsurers to obtain a more distinct and expansive view of hurricane risk. RMS describes the engineering-based technology as "the first auditable custom vulnerability modeling solution," which, enables the re/insurance industry to produce a more "distinct" and "expansive" view of hurricane ... Read the full article

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