Latest RMS estimate includes loss from new fires that started and spread following the previous RMS loss estimate in September Newark, CA – December 15, 2020 – RMS, the world’s leading catastrophe risk solutions company, estimates insured losses from the …
London, UK – 23 Nov, 2020 – RMS, the world’s leading catastrophe risk modeling company, collaborated with Willis Re Securities and Securian Financial to launch the new La Vie Re Limited (Series 2020-1) mortality catastrophe bond providing US$100m of reinsurance …
Catastrophe risk modeling firm AIR Worldwide (AIR) has released an updated Wildfire Model for the United States designed to provide a comprehensive view of the risk of wildfire to property within the 13 westernmost conterminous states. The event-based modeling approach …
Guy Carpenter & Co. announced the launch of MetaRisk Reserve 5 and MetaRisk 9, the latest updates to its suite of capital modeling tools. MetaRisk Reserve 5 adds a rich application program interface (API) that embeds within each client’s existing …
An analysis by catastrophe risk management firm RMS of economic risk to San Francisco’s property from future sea level rise found billions of dollars worth of property at risk. The analysis was used to inform the city’s recently released Sea …
Lloyd’s of London announced that a set of common core data requirements for cyber risks has been agreed by collaborating with modeling firms AIR Worldwide and RMS, along with RMS’ partner, the Cambridge Centre for Risk Studies. Both AIR and …
Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel. White was elected by the members of the panel on June 5. …
Catastrophe bond and insurance-linked securities (ILS) issuance have surged to record levels this year thanks to the continuing influx of alternative capital into the reinsurance market, leaving credit analysts and industry executives with questions about the challenges and benefits this …
Verisk Climate, a provider of enterprise climate risk management products, and Weather Decision Technologies (WDT), a weather industry technology provider, have formed a long-term alliance to develop new, more advanced analytics and products focused on the business impacts from weather …
Exactly 10 years ago, at 15:05 Eastern Time on August 14, 2003, an overhead power line came into contact with an overgrown tree near Cleveland, Ohio. What happened next is a frightening case study of how vulnerable modern economies are …
