Industry’s reliance on history to predict losses not sufficient for era of climate, cyber and AI risks, G...
Persian Gulf flooding
Moody’s RMS will continue to monitor the event and provide an update as and when necessary...
Moody’s RMS will continue to monitor the event and provide an update as and when necessary...
PR / 4 hours ago
Rethinking catastrophe model evaluation by getting out of Model Land
We want to assess future risk. But because the future hasn't happened yet, our only way of accessing knowledge about the future is by making models....
We want to assess future risk. But because the future hasn't happened yet, our only way of accessing knowledge about the future is by making models....
Article / 1 day ago
Global property insurers see 'alarming' losses as risk models lag, report says - Reuters
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
reuters.com /
Article / 2 days ago
RMS and Tokio Marine Holdings, Inc. to Expand and Deepen Global Commercial Partnership
RMS models underlie Tokio Marine’s global view of natural catastrophe risk, and Tokio Marine entities have access to a range of RMS RiskLink® and HD™...
RMS models underlie Tokio Marine’s global view of natural catastrophe risk, and Tokio Marine entities have access to a range of RMS RiskLink® and HD™...
PR / 2 days ago
The four pillars of a successful exposure monitoring solution
On-going global conflicts have created an era of heightened uncertainty. We are seeing an increasing concentration of economic and insured risk in areas that are being affected by more frequent, more severe events.
On-going global conflicts have created an era of heightened uncertainty. We are seeing an increasing concentration of economic and insured risk in areas that are being affected by more frequent, more severe events.
Article / 5 days ago
EIOPA’s year-end 2022 study on market and credit risk modelling reveals continuing dispersion - EIOPA
The European Insurance and Occupational Pensions Authority (EIOPA) published today the results of its comparative study on the modelling of market and credit risk in internal models based on year-end 2022 data...
The European Insurance and Occupational Pensions Authority (EIOPA) published today the results of its comparative study on the modelling of market and credit risk in internal models based on year-end 2022 data...
eiopa.europa.eu /
Article / 7 days ago
Heard on the Street: A 'Hyper-Active' Hurricane Season Will Test Reinsurers’ Readiness - Wall Street Journal
This year is shaping up to be a busy one for big Atlantic storms. Catastrophe reinsurers have already boarded up their windows...
This year is shaping up to be a busy one for big Atlantic storms. Catastrophe reinsurers have already boarded up their windows...
Article / 8 days ago
Counterfactual analysis will help insurers be less reactionary to nat cat events: WTW
Implementing downward counterfactual analysis alongside traditional catastrophe models to consider alternative histories based on near-miss events...
Implementing downward counterfactual analysis alongside traditional catastrophe models to consider alternative histories based on near-miss events...
Article / 8 days ago
Why insurers urge better training for new commercial truck drivers - Canadian Underwriter
An urgent need exists for more comprehensive training of new commercial truck drivers, says a new report commissioned by the Insurance Bureau of Canada....
An urgent need exists for more comprehensive training of new commercial truck drivers, says a new report commissioned by the Insurance Bureau of Canada....
canadianunderwriter.ca /
Article / 8 days ago
The Importance of Capturing the Contribution of Earthquake Catastrophe Risk in the Caribbean
When looking at the historical record of catastrophe losses across the Caribbean region, even over the last few decades, it is hurricane events that have dominated the insured losses...
When looking at the historical record of catastrophe losses across the Caribbean region, even over the last few decades, it is hurricane events that have dominated the insured losses...
Article / 9 days ago