The rivers and canals that meander through Hemudu in southeastern China are a vital source of life and community — they provide income for fishermen, an after-school hangout spot for kids, and define the town’s landscape. But when it rains, …
This post is part of a series sponsored by CoreLogic. The New Paradigm of Climate-Conscious Insurance As climate change alters the atmosphere and increases the frequency and severity of natural catastrophes, insurers must adapt to a shifting environment and industry …
Catastrophe modeling firm AIR Worldwide has introduced a new inland flood model for Japan along with enhancements to its Japan typhoon model. These models are part of Version 5.1 of AIR’s catastrophe modeling software platform, Touchstone. The AIR Inland Flood …
RMS has launched a new exposure analytics product aimed at helping insurance reinsurance companies maximize value from their exposure data. The new Exposure Manager released on the RMS(one) platform, is now available to all insurance and reinsurance firms and brokers. …
Boston-based catastrophe risk modeling firm AIR Worldwide (AIR) announced it has expanded its Global Pandemic Model to include outbreaks of six additional diseases. The model now explicitly accounts for nine pathogens, including bacterial and viral diseases, in addition to previously …
Catastrophe risk modeler AIR Worldwide, a Verisk Analytics business, has released a new earthquake model for India that estimates losses to residential, commercial and small industrial buildings as well as automobiles. The model’s seismicity analysis covers areas with seismic activity …
Global catastrophe risk management firm RMS has released version 16.0 of its catastrophe modeling platform, which includes updates to both the Europe Windstorm Clustering Model and Terrorism Modeling suite. Also included are the new Marine Cargo & Specie Model and …
PERILS, the Zurich-based independent organization providing industry-wide catastrophe insurance data, announced it has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance, which has been set up to help increase data availability for natural catastrophe insurance in Asia. …
RMS, the Newark, Calif.-based catastrophe risk management firm, estimated that economic property damage for both the April 15 moment magnitude (Mw) 7.0 earthquake and April 14 Mw6.4 earthquake in Japan’s Kumamoto Prefecture to be between $2.5 billion and $3.5 billion. …
A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo Japan Canopius Reinsurance AG, a wholly owned subsidiary of Canopius Group AG. The outlook assigned to both ratings is stable. …
