catastrophe modeling News

New AIR Reinsurance Cat Modeling Software Estimates Insurer Loss Potential

Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. AIR Worldwide said Touchstone …

AIR Releases New Reinsurance Catastrophe Modeling Software, Touchstone Re

Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re™, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. AIR Worldwide said Touchstone …

Oasis Loss Modelling Framework Offered Open Source, Free of Charge

Not-for-profit catastrophe modeling platform Oasis Loss Modelling Framework announced that all components of its catastrophe modeling software are now open source and downloadable from GitHub, free of charge. This step means that Oasis is making sophisticated catastrophe modelling more accessible …

RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software

RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being expanded to include new peril models for India …

RMS Appoints Silicon Valley Executive White as CEO, Succeeding Shah

RMS, the Newark, Calif.-based catastrophe risk modeling and analytics company, announced the appointment of Karen White as its new chief executive officer, replacing current CEO and co-founder Hemant Shah. With more than 25 years experience as an executive and investor …

Startup Modeler Jupiter Wants to Better Predict Impacts of Climate Change

A startup modeling firm named Jupiter is reaching for the stars in its quest to better model for the impacts of climate change. The firm recently launched what its calling a “transformative cloud-based technology platform,” noting in its promotional literature …

AIR Worldwide Names Liberty Mutual’s Grenier to Head Global Resilience Practice

Catastrophe modeling firm AIR Worldwide (AIR) has appointed Dr. Roger Grenier as senior vice president of global resilience to lead AIR’s resilience initiatives across the globe. Grenier has 20 years of experience working with global risk models. He began his …

Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable

After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against weather natural disasters could reach unaffordable levels for …

RMS Opens Office in Sydney to Support Client Growth in Australia, New Zealand

RMS, the Newark, Calif.-based global risk modeling and analytics firm, has opened a new office in Sydney, Australia, as part of its drive to support clients’ expansion in the Australian and New Zealand markets. The focus will be to help …

RMS Launches Risk Selection Solution for Underwriters

RMS, the Newark, Calif.-based risk modeling and analytics firm, has introduced a solution that enables underwriters to access critical information about any location globally, providing “a competitive advantage in risk assessment.” The new application programming interface (API) links insurers’ underwriting …