RMS
Flood defences save UK £1.1bn a year
Inland flood defences reduce river flood losses by 63%, saving the UK £1.1bn annually on average, according to a recent study.
This Week: We'll be watching you
At long last, the Civil Liability Bill cleared its final parliamentary hurdle this week, opening the way for a much-awaited review of the personal injury discount rate.
Insured losses for the California wildfires could hit $13bn
Insured losses from the California wildfires could be between $9bn (£7bn) and $13bn (£10bn), RMS estimates.
Global underinsurance has barely decreased in six years: Lloyd's
The total sum of global underinsurance is $163bn, according to research from Lloyd's.
Insured losses for Typhoon Jebi could hit $5.5bn
Insured losses from Typhoon Jebi will be between $3bn (£2.3bn) and $5.5bn (£4.2bn), RMS estimates.
This week in Post: World Cup, Wimbledon, and Westminster
With the World Cup firmly in French hands and Novak Djokovic and Angelique Kerber crowned Wimbledon champions, it’s back to work for the insurance industry with all eyes turning to Westminster.
Blog: Why you should model your flood losses on a European scale
The anatomy of European flooding means insurers and reinsurers should model their potential losses across several countries, explains Dr Maurizio Savina, director at RMS.
Interview: Bronek Masojada, Hiscox
Holidaying in North Korea isn’t most people’s idea of the dream summer break, but the kite surfing, Caterham racing CEO of Hiscox, Bronek Masojada, sees it as just another part of living life in the fast lane, as he explains to Ryan Hewlett
Personal injury motor claims hit near decade low, government figures show
The number of personal injury motor insurance claims has fallen to the lowest level in nine years, government figures published today reveal.
RMS appoints former Swiss Re chief Ludger Arnoldussen
Risk modelling firm RMS has appointed Dr Ludger Arnoldussen as a senior managing director within its client service organization.
Economic losses from Harvey could top $90bn
Economic losses caused by wind, storm surge, and inland flooding from Hurricane Harvey could be as high as $90bn (£69.6bn), according to data from risk modelling firm RMS.
Insurance could cut natural disaster bill for developing nations by $11bn, says RMS
New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a new report.
When cyber gets physical
Recent events such as the Wanna Cry ransomware attack and British Airways’ computer outage have helped to drive sales of cyber insurance, but there are concerns that a significant part of the risk is being overlooked
RMS expands cyber risk models to include physical damage
RMS has expanded its range of cyber models to include cyber physical models to help insurers weigh up the cost of risk.
RMS director warns stop the "guessing game" over global port exposure
A report from the global risk management firm RMS on the global ports most exposed to natural catastrophes has some surprising findings.
Lloyd's partners with modelling firms on cyber data requirements
Lloyd's has agreed a common core set of data requirements for cyber risks in collaboration with modelling firms AIR Worldwide and RMS alongside the Cambridge Centre of Risk Studies.
Benefits of resilience bonds heralded in framework launch
Catastrophe modelling firm RMS has launched the framework for a resilience bond designed to help manage financial risk from catastrophes while promoting investment in infrastructure that will minimise physical risk.
Post docu-video: European Windstorm
Over this weekend European wind storms have again been headline news.
Aon Benfield and RMS develop marine and energy model
Aon Benfield has invested in a catastrophe model to help marine and energy insurers assess their cargo risks more accurately, in conjunction with model vendor RMS.
RMS to develop typhoon model for Taiwan with help of local insurer
Risk management firm RMS is teaming up with MSIG Mingtai Insurance to help develop the RMS Taiwan typhoon model.
RMS releases Windstorm Niklas damage estimate
Catastrophe risk management firm RMS has estimated that the damage to insured property caused by Windstorm Niklas will stand between €750m (£538m) and €1.5b.
Europe: Natural catastrophes - more than storms in a teacup
‘Acts of God' were relatively benevolent last year, with insurers more stirred than shaken by reported losses.
RMS partners with China Re's Lloyd's venture
Risk modeling firm RMS will support China Re’s Syndicate 2088 the first Chinese direct investment into Lloyd’s.
China Re and RMS unveil typhoon model
China Re and RMS have produced a model for China typhoon risk including coastal flooding in China and Hong Kong.