The United Nations' new net-zero insurance initiative is an "even safer space for complementary efforts o...
In shift, California will let catastrophe models be used in rate-setting process
California's insurance department will soon allow carriers use catastrophe modeling when making rate filing requests, but additional regulatory...
California's insurance department will soon allow carriers use catastrophe modeling when making rate filing requests, but additional regulatory...
Article / 7 months ago
Automating Credit Risk Surveillance Using Statistical Models
S&P Global Ratings’ issuer credit ratings (ICRs) assess a firm’s willingness or ability to repay its debt on time and in full. They are based on...
S&P Global Ratings’ issuer credit ratings (ICRs) assess a firm’s willingness or ability to repay its debt on time and in full. They are based on...
Article / 2 years ago
Higher prices not enough for insurers to deal with climate risks – analysts
Dennis Sugrue of S&P Global Ratings said insurers cannot rely on repricing to respond to climate change and increased losses from natural disasters...
Dennis Sugrue of S&P Global Ratings said insurers cannot rely on repricing to respond to climate change and increased losses from natural disasters...
Article / 3 years ago
Fla. condo tragedy forces risk professionals to rethink building integrity
Potential flaws suspected to be involved in the Champlain Towers South collapse may have uncovered another layer of risk for large...
Potential flaws suspected to be involved in the Champlain Towers South collapse may have uncovered another layer of risk for large...
Article / 3 years ago
As US wildfire threat grows, insurance capacity shrinks
Through July 19 the National Interagency Fire Center has recorded 35,086 fires nationwide this year, which have burned a total of about 2.5 million acres.
Through July 19 the National Interagency Fire Center has recorded 35,086 fires nationwide this year, which have burned a total of about 2.5 million acres.
Article / 3 years ago
Insurers facing prospect of another 'above-average' Atlantic hurricane season
The National Oceanic and Atmospheric Administration's Climate Prediction Center anticipates 13 to 20 named storms...
The National Oceanic and Atmospheric Administration's Climate Prediction Center anticipates 13 to 20 named storms...
Article / 3 years ago
Human behavior biggest challenge in race to model pandemic risk
While modeling for pandemic life risks is relatively mature, government and public responses have caused the biggest losses in the COVID-19 pandemic...
While modeling for pandemic life risks is relatively mature, government and public responses have caused the biggest losses in the COVID-19 pandemic...
Article / 4 years ago
Progress on Europe's pandemic insurance schemes could be rapid despite hurdles
Countries setting up public-private insurance schemes to cope with future outbreaks will face a number of challenges, but there is some impetus to develop them quickly, say risk specialists...
Countries setting up public-private insurance schemes to cope with future outbreaks will face a number of challenges, but there is some impetus to develop them quickly, say risk specialists...
Article / 4 years ago
Could the basis risk 'bogeyman' threaten the rise of parametric insurance?
The mismatch between payment and incurred losses can be troublesome, but specialists argue that basis risk is more a feature of parametric products than a bug...
The mismatch between payment and incurred losses can be troublesome, but specialists argue that basis risk is more a feature of parametric products than a bug...
Article / 4 years ago
Catastrophe modelers are tackling climate change amid pressure from insurers
After three years of heavy losses, insurance executives are questioning risk models' ability to account for rising global temperatures...
After three years of heavy losses, insurance executives are questioning risk models' ability to account for rising global temperatures...
Article / 4 years ago
