Also studying tail risk of these storms
Warmer-than-normal water in Gulf of Mexico key factor, says AccuWeather
Deal is first to be targeted directly to capital markets
Along with Munich Re and Hannover Re
Membership in process of being finalised
An insurer's ORSA can be constructed from three modules, the risk profile, the prospective solvency and the ORSA governance and firm's ERM. The exercise may be costly but firms will benefit both internally and externally, argues a Willis Re report, excerpted here
The 11 March 2011 M9.0 Tohoku earthquake changed the seismic risk landscape of Japan. As the anniversary of this terrible disaster approaches, AIR Worldwide has published a paper, summarised here, discussing the effects that stress transfer may have on future rupture probabilities
The Costa Concordia disaster brought the issue of marine risk into sharp and tragic focus last month. Despite other similar accidents, insurers are struggling to model the impact of large loss events, Sarfraz Thind reports
By adapting phylogenetic analysis, Neil Allan and Neil Cantle argue that it's possible to achieve a risk DNA which could start to unlock some of the secrets of complex risk behaviour
No surprises would be good after the model controversies of the past year. Lorna Davies provides a guide to the modelling firms' plans including a new 70-model platform and Australian bushfire and Asian typhoon models