Models Capital, Risk, Economic Scenario Generators
News
Casualty risk mitigation needs a forward-looking view
Liability risk modeller Praedicat responds to PRA's focus on this area and Dear CRO letter
KCC uses weather prediction techniques in US winter storm model
Winter storms cause nearly $3bn of insured losses in the US annually
'No silver bullet' to insurers' climate scenario modelling, warns Aviva
Panellists outline barriers insurers must overcome in modelling global warming
Apra urges relentless focus on climate risks
"If ever there was a year when risk managers proved their worth, this was it," chief regulator says
Insurers and authorities in "absolute consensus" on pandemic and climate change
Risk modellers advocate 'honest risk modelling' openly acknowledging practice's limitations
Covid-19 triggers renewed focus on seemingly far-fetched scenarios
Industry panellists discuss how the pandemic can increase the risk function's influence
What do risk modellers and Clint Eastwood have in common?
More than you might think, say panellists at Insurance Risk & Capital EMEA 2020
Ten steps on how to win an InsuranceERM Award
Deadline for entries is Friday 11 December
Australian properties at "high risk" will double as severe weather increases
Climate analyst warns adaptation is needed as climate change intensifies
Experts share insights on the future of pandemic cover
It will be discussed at the Insurance Risk & Capital EMEA virtual conference from 2-3 December
Analysis
The 2020 Atlantic hurricane season: breaking unexpected records
This year will be remembered for the having the largest number of tropical storms, but it has been a relatively lucky season without serious losses. For insurers and risk modellers, the long-term impact may be the advances in technology forced upon them by the pandemic, as Paul Walsh reports
WTW's Rowan Douglas: riding the wave of climate risk awareness
The head of Willis Towers Watson's Climate and Resilience Hub has been on a major hiring spree. He talks to Cintia Cheong about how interest in climate risk has surged and why insurers are demanding advice and analytical tools
How actuaries can make a difference on climate risk
Actuaries can play important roles in helping to address the challenges of climate-related risks, according to the International Actuarial Association. Ronan McCaughey reports
Cracks in the normal distribution challenge CROs
Covid-19 is changing the way chief risk officers think and work. Eric Clapprood and David Sherwood talk to Sarfraz Thind about why CROs may need to focus on less extreme risks, and how they can adapt to the new normal
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