Impact Forecasting News

Insured Nat Cat Losses 31% Below Average During 2015: Aon Benfield Report

Global natural disasters in 2015 caused a combined total insured loss of $35 billion – 31 percent below the 15-year average of $51 billion and the lowest annual insured loss total since 2009, said a report issued by Impact Forecasting, …

Dallas-Area Tornadoes Account for a Big Chunk of December Insured Losses in U.S.

A recently released report shows that damage estimates from the natural disaster events that occurred in the United States in December 2015 will amount to more than $4 billion. Aon Benfield’s catastrophe model development team, Impact Forecasting, Global Catastrophe Recap report, …

India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap

Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred worldwide during November 2015. The report leads off with an …

Global Cat Losses in October Likely to Top $10 Billion: Impact Forecasting Report

Global catastrophe losses in October are expected to top $10 billion, according to a report from Impact Forecasting, Aon Benfield’s catastrophe model development unit. A record 22 global tropical cyclones have now developed in the Northern Hemisphere during 2015, said the …

Aon Benfield to Launch New Malaysia Cat, Jakarta Flood Models

Impact Forecasting, Aon Benfield’s catastrophe model development team, is launching new models for Malaysia and Jakarta flood to help insurers and reinsurers better underwrite and manage their exposures in Asia. The new models are being launched at the Singapore International …

First Half-Year Economic, Insured Cat Losses Below Average: Impact Forecasting

In its latest report Impact Forecasting, Aon Benfield’s catastrophe model development team states: “Global natural disaster losses during the first half of 2015, from both an economic and insured loss perspective, were each below the 10-year (2005-2014) average. “Preliminary data …

Aon Benfield Calls for More Industry-Wide Cat Modelling Initiatives

Aon Benfield, the global reinsurance intermediary, issued a call to the insurance industry to “collaborate to innovate, in order to obtain the most useful risk management insights from catastrophe models.” The call coincides with today’s launch of version 9.5 of …

Aon Benfield Launches Canada Flood Model to Help Manage Exposures

Impact Forecasting, Aon Benfield’s catastrophe model development team, has developed a fully probabilistic flood model for Canada to help insurers and reinsurers better underwrite and manage their riverine and off-flood plain exposures. The model was developed in response to devastating …

Windstorm Niklas Was Costliest Non-U.S. Event in Q1 2015: Impact Forecasting

Impact Forecasting, Aon Benfield’s catastrophe model development team, released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster events that occurred worldwide during March 2015. The report reveals that Windstorms Mike and Niklas swept …

Aon Benfield’s Impact Forecasting Launches New Blast Model for Terrorist Attacks

Impact Forecasting, Aon Benfield’s catastrophe model development team, is applying a new blast engineering approach to provide a more realistic understanding of the potential range of losses from a terrorist attack. The announcement explained that Impact Forecasting’s terrorism risk experts …