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Cyber risk is systematically priced in the capital markets: evidence from the Target cyber-attack
09 May 2024In the second part of their article on quantifying and pricing cyber risk, Tim Freestone and Malcolm McLelland respond to reader queries and share further proof of their theory
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Ascot's Steve Guijarro: when to stay old school, or go new school
30 April 2024Ascot's US chief risk officer and group head of exposure management Steve Guijarro talks to Paul Walsh about the fundamentals needed to address extreme weather, the "low hanging fruit" of AI and private equity's increasing influence on insurance
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How many insurers have Solvency II internal models?
20 March 2024David Walker and Christopher Cundy set about finding the answer in the EEA and UK markets
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NN Japan's CRO on his AI adventure
20 November 2023Herman Gayle has a particular passion for AI, which he has been pushing to develop since he joined the firm five years ago. Such is his enthusiasm that he even arranges his holidays with it. Sarfraz Thind reports
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Cyber risk's fundamental mischaracterisation as an insurance risk
15 November 2023Tim Freestone and Malcolm McLelland argue for a radical overhaul of how cyber risk is quantified and priced. In the first of a two-part article, they explain the classification of cyber as a market risk and propose using modern financial theory to model it
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Sustainable insurer of the year: Aviva
07 November 2023There are many firms saying the right things about climate and sustainability, but relatively few who are turning their words into meaningful actions. Christopher Cundy reports
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Rethinking our relationship with catastrophe models
14 August 2023Catastrophe models provide insights for underwriters and risk managers about how to price re/insurance and manage accumulation risk. But the relationship is fraught with some fundamental problems that Tom Philp wants to solve, as he explains to Christopher Cundy
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Quantum computing and AI power actuarial modelling breakthroughs
28 July 2023When identifying, analysing and pricing risk, non-life actuaries are finding classical approaches just don't cut it. Artificial intelligence, quantum computing and novel data sources are showing the way forward, as David Walker reports
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Viral load: how actuaries used democratised data to beat Covid-19
13 July 2023The flood of public data on Covid-19 became a silver lining for actuaries amid the dark clouds of the pandemic, as David Walker reports
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Moody's RMS opens the door to open-source cat modelling
25 May 2023The leading catastrophe modelling firm has taken a major step in allowing its users access to third-party models, based on open-source standards, alongside its proprietary offerings. But its embrace of the open-source world is limited, as Christopher Cundy reports