Models Capital, Risk, Economic Scenario Generators
News
NAIC selects Conning's GEMS Economic Scenario Generator tool
Conning was chosen from six vendors following a March request for proposal
Aon launches data translation tool to support open cat modelling
ImpactWorkbench will enable re/insurers to use Oasis-based models and platforms
RMS estimates up to $3.5bn insured cost from Sally
Hurricane Sally came with stronger winds than expected, weakened quickly but was slow-moving, says RMS
Operational risk best practice for insurers
Expert insights from the InsuranceERM Americas 2020 conference
Hurricane Sally insured losses could hit $3bn
Latest estimates from AIR Worldwide and Karen Clark & Company
InsuranceERM's Technology Guide 2020-21 is launched and ready to use
The directory covers over 100 products used by insurers for risk, capital and asset management
Climate change could be "much worse" than Covid-19
Munich Re's reinsurance CEO says climate change has been under the radar because of the pandemic
Moody's Analytics launches LDTI accounting software
Software will integrate with company's Axis actuarial modelling system
Australian insurers asked to draft fire risk reductions and cut premiums
Further industry work with government proposed by inquiry into bushfires in New South Wales
Internal model drift warning from Covid-19 for insurers
Covid-19 delivered a "truly stressed data set" since Solvency II's introduction, says Hymans Robertson
Analysis
Value creation analysis finds an "enormous gap" between best and worst insurers
BCG's analysis of value creation by insurers has found a massive gap between companies, much more so than in other industries. And the challenges posed by Covid-19 are putting extra pressure on the worst performers to respond. Christopher Cundy reports
Covid-19's consequences for solvency, stress and scenario testing
What lessons have been learned from the solvency risks created by the pandemic? Three experts discuss with Christopher Cundy the reactions from insurers and supervisors, and the implications for future regulation
The insurance industry's climate change leaders
Christopher Cundy introduces InsuranceERM's list of the people leading and shaping the insurance sector's response to climate change
Is a Pandemic Re the answer in a post-Covid-19 world?
Experts have debated the need for a pandemic insurance risk backstop, what it should cover and how it should be funded. Ronan McCaughey reports from the latest of InsuranceERM's Covid-19 webinar series
Catastrophe risk modelling: platforms and models update
InsuranceERM's round-up of developments at model vendors and platform providers AIR Worldwide, Impact Forecasting, Oasis LMF, RMS, Guy Carpenter, WTW, JBA, Nasdaq, KCC, ARA, Combus, CoreLogic, ERN and Fathom
Cat modelling awakens to climate change risk
Responsibility for understanding the implications of climate change for insurers has largely fallen on the shoulders of the catastrophe modelling community. They are responding with a more dynamic and multi-faceted view, as Paul Walsh reports