When looking at the historical record of catastrophe losses across the Caribbean region, even over the la...
The California Department of Insurance's hearing on catastrophe modeling and insurance
The hearing relates to a proposed regulation that would allow for the use of wildfire and flood catastrophe models for residential property insurance ratemaking...
The hearing relates to a proposed regulation that would allow for the use of wildfire and flood catastrophe models for residential property insurance ratemaking...
Article / 16 hours ago
BMS Severe Weather Update - 04/24/2024
The highly anticipated sequel to the 1996 disaster classic, “Twister,” is set to hit theaters this summer on July...
The highly anticipated sequel to the 1996 disaster classic, “Twister,” is set to hit theaters this summer on July...
Article / 22 hours ago
How Climate Modeling Can Mitigate Risks and Improve Resilience in the Construction Industry
In an era of escalating climate-related challenges, the construction industry is turning to advanced climate modeling to fortify its risk management strategies...
In an era of escalating climate-related challenges, the construction industry is turning to advanced climate modeling to fortify its risk management strategies...
Article / 2 days ago
Managing Exposure Data Versioning Complexity with Verisk CEDE, Oasis OED, and Moody's RMS EDM Formatted Exposures
If you are responsible for modeling portfolios or accounts, managing risk exposures and...
If you are responsible for modeling portfolios or accounts, managing risk exposures and...
Article / 3 days 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 / 7 days 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 / 8 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 / 10 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 / 13 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 / 14 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 / 14 days ago