catastrophe risk management News

AIR Worldwide Introduces Inland Flood Model for Japan

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 Launches New Exposure Management Program on RMS Platform

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. …

AIR Worldwide Expands Global Pandemic Model to Include 6 Additional Diseases

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 …

AIR Worldwide Introduces Earthquake Model for India

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 …

RMS Updates Cat Models for Terrorism, Europe Windstorm & US Flood

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 Joins Singapore’s NatCatDAX, Aiming to Close Asia Nat Cat Protection Gap

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. …

Economic Property Damages of Japan Earthquakes to Cost $2.5B-$3.5B: RMS

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. …

Sompo Japan Canopius Re Gets ‘A’ Rating; to Begin Writing Business on Jan. 1

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. …

RMS: Cat Bond Analysis Reveals Market Predictions of Price Bottom Are Optimistic

Return relative to risk values for catastrophe bonds at current prices are actually higher in 2015 than they were last year, even though recent market commentary suggests that market prices have stabilized, according to research by RMS, the Newark, Calif.-based …

RMS and Taiwan’s MSIG Mingtai Collaborate on Typhoon Risk Insights

RMS, the Newark, Calif.-based catastrophe risk management firm, has formed a technical collaboration with MSIG Mingtai Insurance Co. Ltd. to share industry information and insight about the local Taiwanese insurance market, as RMS develops a typhoon model for Taiwan. The …