Reinsurance News
Simplitium
Study shows how augmented data sets significantly impact flood loss estimates
26th February 2019
Insurdata, in collaboration with speciality insurer and reinsurer Canopius, flood risk modeller Fathom and ModEx, a catastrophe risk modelling platform from Simplitium, has released the findings of a new flood data survey that focuses on altered risk profiles in light of augmented property exposure data. The report highlights a number of ... Read the full article
JBA to deliver Sri Lanka Flood Model on Simplitium’s ModEx platform
20th February 2019
Simplitium, a provider of risk analysis services, has announced that the Sri Lanka Flood Model from global flood risk modeller JBA Risk Management is to be delivered on its multi-vendor ModEx platform. It’s hoped the move will broaden accessibility of the Sri Lanka model for both insurers and the wider Disaster ... Read the full article
Incumbent insurers need to embrace tech, innovation: Simplitium
24th January 2019
Innovation across the insurance industry is about more than just new technologies and solutions, but includes behaviours and attitudes. And while incumbent insurers are increasingly looking to purchase InsurTech firms, there's a risk of complacency, according to James Lay and Matthew Jones from Simplitium, a provider of risk analysis. In a recent ... Read the full article
Cat modellers can learn from tech industry: Simplitium’s Lay & Jones
10th January 2019
With recent developments driving the need for ever more efficiency in the re/insurance industry, catastrophe modellers could benefit from emulating the approach of the technology sector, according to Simplitium’s James Lay and Matthew Jones. Lay and Jones noted that cost reduction was a central theme for many re/insurers during 2018, as ... Read the full article
Simplitium introduces reinsurance capabilities to ModEx platform
26th November 2018
Simplitium, a provider of risk analysis services, has introduced reinsurance capabilities to its multi-vendor ModEx platform. ModEx is the multi-peril catastrophe risk modelling platform operated on the Oasis Loss Modelling Framework (LMF), offering a hosted and fully managed service that removes the need for any client-side installation. This new introduction expands the ... Read the full article
Simplitium launches fully open data format for cat modelling
9th October 2018
Simplitium, a provider of risk analysis services, has introduced a new exposure data format for catastrophe modelling called Open Exposure Data (OED). Developed in collaboration with the insurance industry, OED delivers a robust and documented exposure framework for Oasis-based platforms and models. The format is fully independent and model-vendor agnostic, making it ... Read the full article
Simplitium appoints Head of Insurance Product Development
13th September 2018
Simplitium, a global financial services technology provider and wholly owned subsidiary of Cinnober Financial Technology, has appointed Matthew Jones as Head of Insurance Product Development and Aiste Kalinauskaite as Lead Insurance Product Developer, effective October 1. As a catastrophe risk modelling practitioner, Jones will lead the development of the company’s ModEx ... Read the full article
Simplitium adds CatRisk’s Middle East and Africa earthquake model to ModEx platform
29th August 2018
Simplitium, a global financial services technology provider, has announced that catastrophe risk modeller CatRisk Solutions is to offer its Middle East and Africa Earthquake Model on Simplitium’s multi-vendor ModEx platform. Additionally, Simplitium said that global reinsurance broker Chedid Re had been signed as the first joint client for the service, and ... Read the full article
Aon to deliver Arabian Peninsula Earthquake model on Simplitium’s ModEx platform
8th August 2018
Simplitium, a provider of risk analysis services, has announced that the new Arabian Peninsula Earthquake model from Aon’s catastrophe model development centre, Impact Forecasting, is to be delivered on its multi-vendor ModEx platform. The Arabian Peninsula Earthquake model covers Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, Oman and Yemen and provides a ... Read the full article
Simplitium expands ModEx platform with addition of FloodCat model
5th July 2018
Simplitium, a provider of risk analysis services, is to expand its catastrophe risk modelling platform ModEx to include the Australia flood model, FloodCat. The deal struck with modelling specialist Ambiental Risk Analytics means that the ModEx platform will integrate the most detailed building level flood model produced for Australia, providing re/insurers ... Read the full article
Re/insurers slow to adopt new tech risk being replaced, says Simplitium’s James Lay
26th June 2018
Re/insurance companies who are slow to adopt the numerous benefits offered by new and emerging technologies are likely to be supplanted by more enterprising firms, according to James Lay, Commercial Director of Insurance Business at Simplitium, a financial services solutions provider. Speaking with Reinsurance News, Lay noted that re/insurers have generally ... Read the full article
Simplitium partners with UK academics on catastrophe risk assessment
1st June 2018
Simplitium, a provider of risk analysis services, has partnered with Fathom, a global flood model provider formed out of the University of Bristol Hydrology Research Group, and has commissioned the wind hazard maps of UCL Space & Climate Physics researchers. The flood and wind hazard data sets provided by the teams ... Read the full article
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