A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled “Reducing the Risks of Future Disasters: Priorities for Decision Makers.” “Disaster risk reduction needs …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced the launch of new Algeria and Morocco earthquake model to achieve more reliable estimates of the earthquake losses to insured properties in the two countries. “The models …
AIR Worldwide announced that The Navigators Group, Inc., an international commercial property/casualty specialty insurance holding company, has selected AIR’s CLASIC/2™ and CATRADER® catastrophe modeling solutions to manage its global catastrophe risk. Navigators “will leverage AIR’s catastrophe models to assess risk …
“I think everyone in the industry would be interested in reducing the complexity of models, making things more transparent and thus easier to understand,” stated Markus Stricker, Director of the Willis Economic Capital Forum (WECF), the latest initiative from the …
Lloyd’s has published an analysis of the floods that hit Thailand in October 2011, which notes that “after weeks of slowly spreading their way through many of Thailand’s provinces, flood waters eventually reached the capital city, Bangkok. There they remained …
Boston-based Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, announced the release of the RiskInsight® open, global platform for catastrophe risk management. The bulletin described RiskInsight has featuring “an open architecture that …
Catastrophe models have become such an indispensable tool for re/insurers, particularly those who write P&C catastrophe coverage, that it’s hard to believe the service is only 25 years old. It was launched in 1987 under the direction of Karen Clark, who …
Catastrophe risk modeling firm AIR Worldwide announced the expansion of its suite of catastrophe models for Australia “with the release of the industry’s first probabilistic bushfire model and updated tropical cyclone and earthquake models.” Dr. Jayanta Guin, senior vice …
Professional reinsurer IRB Brasil Re has entered into a long-term agreement to license Risk Management Solutions’ suite of models “to enhance its catastrophe risk decision-making, and better inform business growth with advanced analytics,” said an announcement from the California-based company. …
Catastrophe risk modeling firm AIR Worldwide announced that China Property & Casualty Reinsurance Company Ltd. (CPCR) has licensed its typhoon, earthquake, and multiple-peril crop insurance models for China to better manage its catastrophe risk. “Because of the rapid urbanization …
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