Modelling
Major earthquake hits Christchurch
A major earthquake of magnitude 6.3 occurred near Christchurch, New Zealand on 22 February at 12:51pm local time (11:51pm on Monday 21 February 21 GMT).
Aon Benfield calls for wider adaptation of internal SII models
Aon Benfield is calling for a simplified internal model approval process for natural catastrophe risk that would encourage insurers to better quantify these exposures under Solvency II.
In series - Geography & Solvency II: Advice on getting data right
For the majority of insurers and to a certain extent brokers, data quality has consistently been an issue with reasons ranging from the ongoing problems of legacy systems to basic human error, as Sarah Adams explains.
Natural catastrophes: A model example of assessing earthquake exposure
Earthquake costs are rising steadily. Jane Bernstein examines insurers' current use of modelling, recent event responses and solution sustainability.
Risk modelling - Underwriter responsibility: Model behaviour
Models have quickly become a valued tool for underwriters. Matthew Washington examines how the advent of Solvency II could really make them fly.
View from the top: Staying ahead of the game
So, business plans have been approved and/or amended and 2011 looms ever closer. In today's market there is at least one certainty: it will be just as challenging to produce an underwriting profit next year as it has been in 2010.
Trio joins Paris team at Towers Watson
Towers Watson has strengthened its presence in the continental European reinsurance market with three appointments to its Paris-based reinsurance team.
Trio joins Paris team at Towers Watson
Towers Watson has strengthened its presence in the continental European reinsurance market with three appointments to its Paris-based reinsurance team.
Climate experts gather for Cambridge research findings
Leading figures from the world of climate science, government and mathematics will today hear findings from a research programme aimed at advancing climate change forecasts.
IUA embraces impact of catastrophe modelling on insurance industry
The London market is developing an increasingly sophisticated catastrophe modelling community as companies look to support their operations with the latest techniques and research.
Exposure management: Forewarned is forearmed
Suki Basi argues that further market transparency is necessary in order to deliver improved exposure management
Communicable diseases: Vaccinating the industry
Jeremy Golden highlights the growing problem worldwide of infectious diseases and how it will affect the outlook of reinsurance.
BIS 2010: Willis CEO warns that risks will need to be "recalibrated"
The insurance industry needs to ensure that it produces new products and services that are relevant to the new environment of corporate shocks and catastrophes.
Karl wreaks havoc in east of Mexico
Hurricane Karl made landfall around 11:30am on 17 September local time, just to the north of the port city of Veracruz on the east Mexican coast.
Wind turbine modelling tool launched
A new wind energy risk assessment tool aims to give wind operators access to more competitive premiums.
Wind turbine modelling tool launched
A new wind energy risk assessment tool aims to give wind operators access to more competitive premiums.
RSA improves arson risk model
RSA has replaced its geographic risk assessment tool with a model that aims to more accurately determine the risk of arson for individual commercial and residential properties.
AIR updates European cyclone model
Catastrophe risk modelling firm AIR Worldwide has released an update to its extra tropical cyclone model for Europe.
AIR updates European cyclone model
Catastrophe risk modelling firm AIR Worldwide has released an update to its extra tropical cyclone model for Europe.
EQECAT: insurers hit by £1.65bn insured losses in New Zealand
Catastrophe management software firm EQECAT has provided an updated loss estimation for the magnitude 7.1 earthquake that occurred near Christchurch, New Zealand.
NZ earthquake losses to near £3bn
Reinsurers are set to be primarily impacted by the 4 September earthquake near Christchurch, New Zealand.
New Zealand losses estimated to top £1.3bn
Insured losses from the New Zealand earthquake are estimated between NZD 2700m (£1268m) and NZD 6000m (£2814m).
New Zealand hit by major quake
New Zealand’s second largest city, Christchurch, has been hit by an earthquake measuring 7.4 on the Richter scale.
Catastrophe: Put a (stronger) lid on it
Natural catastrophe models have been transformed through scientific research, growth in global and localised observation systems and modeling technology enhancements. But despite this, uncertainty remains, say Claire Souch and Michael Kistler.