Models

Higher US SCS losses not a trend, but down to poor modelling, says KCC

Active 2023 season was not an extreme outlier, says catastrophe modelling firm

Gen AI models inherently difficult to explain

The technology is way beyond human brain, challenges notions of transparency and accountability, say IAIS panellists

State Farm seeking 50% homeowners rate rise in California

Request raises questions about company's financial condition, says Ricardo Lara

BoE financial stability report highlights PE-insurer risks

Insurers exposed to illiquid asset shocks as correlations grow

Stable solvency, liquidity and profitability for insurers in 2023, IAIS report finds

But risks have risen on the back of illiquid asset exposure

Climate change not the biggest driver of insured natural catastrophe losses

Forecasting impact of climate remains an inexact science, says Swiss Re's US head of property underwriting

Insurers not always honest in rate filing process, says California commissioner Lara

Regulator is aiming to rebuild trust with insurers and solve insurance crisis

MS Amlin picks Moody's RMS to boost risk modelling capabilities

Hyperactive hurricane season predicted for North Atlantic this year

Warmer seas and La Niña will prompt well above average hurricanes, TSR and CSU say

Verisk revamps cat risk models

Asset offshoring presents transparency issues, says S&P

Agency gives update on capital model review

Ten steps to help win an InsuranceERM Award

CMI maintains its outlook for UK mortality in 2023 model revision

Still places no weight on the data for the pandemic period of 2020 and 2021

QBE Predictor: Ireland to retain Six Nations rugby crown

The insurer's simulation tool says England has a 6% probability of winning the tournament

NFIP has entered "actuarial death spiral", made flood insurance impossible to afford

Senators press for reform of government flood programme which now has over $20bn of debt