Modelling
Natural Catastrophes: Pool party
Insurers and governments are having to adapt to a world in which natural catastrophes are increasing in frequency and severity. It’s time for a new approach to nat cat.
Business Insight unveils risk analysis tool
Technology provider Business Insight has launched Resonate, a new risk analysis model that classifies every address and neighbourhood in the UK.
Guy Carpenter rolls out new European hail model
Guy Carpenter has launched a probabilistic hail model for Europe.
15% drop in large-scale terror attacks prompts RMS model update
A 15% reduction in the frequency of large-scale terror events in many cities has prompted RMS to release an update version of its probabilistic terrorism model.
Nelson urges industry to factor climate change into cat models
Climate change is real and must be factored into all future catastrophe modelling, Lloyd’s chairman John Nelson has warned.
Landmark plotting ‘no questions asked’ UK household pricing model
Risk modeller Landmark Insurance Services is working to launch a new ‘no questions asked’ household insurance pricing model.
JBA releases highest resolution GB flood model
JBA Risk Management has updated its Great Britain flood model to provide greater precision than ever previously possible.
Amlin teams with Oxford Uni on modelling project
Amlin will today release the initial findings of a research project with Oxford University on fears of systemic dangers generated by the increasing prevalence of risk modelling.
Oasis project director says framework will cut costs and increase transparency
Loss-modelling platform includes models for flood, earthquake and tsunami.
Industry-owned cat modelling framework launches
An industry-owned catastrophe modelling framework has launched today aiming to reduce costs and increase flexibility for its users.
C-Suite: Meeting 21st century needs
More openness and better modeling is needed to provide a better service for an ever-changing world.
International: Europe: Weathering the storm
In the wake of devastation caused by typhoon Haiyan in the Phillippines, what is the future for insurance in disaster-prone regions?
Air develops pandemic flu model
Air Worldwide has released a Pandemic Flu Model designed to capture the excess morbidity, mortality, and insurance losses caused by pandemic influenza.
Eqecat and RMS finalise data sharing scheme
Rival catastrophe modelling firms Eqecat and Risk Management Solutions have finalized an agreement to share exposure data schemas.
Japan Earthquake: A seismic shift
The sheer size and scale of the Tohoku earthquake and tsunami has change the face of insurance in the region forever.
New model can highlight political violence exposure, says Towers Watson
Professional services firm Towers Watson has unveiled its new Sunstone model, designed to give firms a better understanding of their terrorism exposure.
AIR considers business interruption following Boston bombings
A large section of Boston's Back Bay area remains off-limits to all but law enforcement officials and the FBI, following yesterday's fatal bomb blasts near the finish line of the city's marathon.
In Series: Personal Lines: First line of defence
Insurers should embrace the power of data to detect and prevent fraud at an early stage.
The Thai flood: Two years on
The size and scale of the floods in Thailand in 2011 came as a shock to many despite the fact it was a flood prone area. Andrew Tjaardstra discovers how shock waves are still being felt and how risks are being reassessed.
Eqecat appoints new president after Keogh exit
Paul Little has been appointed as president of catastrophe modelling firm Eqecat.
Middle East Blog: Inverted modus ponens
Most social science theories, including in economics, business and finance, are 'deductive theories' based on the modus ponens mechanism.
Limited damage after Japan quake
The magnitude 7.3 earthquake that struck off the northeast coast of Japan on Friday is not expected to have caused significant damage, according to catastrophe modelling firm AIR Worldwide.
Quake models to bridge gap in growing market
Aon Benfield has launched new Algeria and Morocco earthquake models, aimed at providing a more reliable estimation of losses insured properties face in these countries.
Model increases understanding of Swiss flood risk
Aon Benfield has launched a new flood model for Switzerland and Lichtenstein to help quantify financial losses caused by what is considered to be the country's most significant natural peril.