#risk modelling

Insured natural catastrophe losses hit $90bn in 2018: Aon

42 billion-dollar severe weather and natural catastrophe events along with the impacts of a particularly costly global tropical cyclone year and higher than average wildfire losses, all aggregated to drive a $90 billion annual nat cat loss to insurance and reinsurance interests, according to Aon. (more…)

Munich Re pegs 2018 catastrophes at $80bn, hikes wildfires & Jebi estimates

Global reinsurance firm Munich Re said today that 2018 catastrophe events have driven an estimated $80 billion of industry losses and in the announcement has hiked some industry loss estimates for events including the California wildfires and U.S. hurricanes. (more…)

Swiss Re estimates global insured losses at $79bn for 2018

Global reinsurance firm Swiss Re has estimated that natural catastrophes and man-made disasters will cost the insurance industry around $79 billion in 2018, the fourth highest annual industry loss on its sigma records. (more…)

1-in-100 year global insured loss now modeled at $271 billion: AIR

The 1% aggregate exceedance probability insured loss (also the 100-year return period loss) from catastrophe events around the globe is now estimated at almost $271 billion by risk modeller AIR Worldwide, the highest level the metric has ever been placed at. (more…)

Exposure data standard needed to reduce accumulation & clash risk: RMS

Data standards for exposure information are required in the insurance and reinsurance industry to help the market better manage its accumulation and clash risk across lines of business, according to catastrophe risk modeller RMS and the University of Cambridge. (more…)

Updated U.S. wildfire catastrophe risk model released by AIR

Catastrophe risk modelling firm AIR Worldwide has released an updated version of its United States wildfire risk model, a timely update given the impactful start to the California wildfire season in 2018. (more…)

AIR launches next-gen reinsurance & ILS modelling tool Touchstone Re

AIR Worldwide has announced the launch of its awaited next-generation catastrophe risk modelling software solution, Touchstone Re which is designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. (more…)

Hemant Shah steps down from RMS CEO role

Hemant Shah has stepped down from his role as Chief Executive Officer of catastrophe risk modelling and analytics specialist RMS, to be replaced by ex-Oracle executive Karen White. (more…)