Models Capital, Risk, Economic Scenario Generators

News

Collapse of Aon-WTW deal removes threat of modelling dominance

Combination of ReMetrica and Igloo would have taken 70% of UK market

RNA Analytics to launch SaaS actuarial tool

Includes functions for compliance with IFRS 17 and other regulations

Cat modellers factor in flood risk from moon wobble

AIR Worldwide and JBA Risk Management say the impact is marginal

Be prepared to tailor Orsa for Covid-19, Eiopa tells insurers

The authority has published its supervisory statement on the issue

Conning integrates ESG indices into economic scenario generator

Climate change indices also added to GEMS software

California wildfires could cost insurers even more this year

AM Best says this year's wildfire season is about a month ahead of schedule

Euro 2020 final: actuarial experts forecast Italian victory over England

Addactis has used stochastic modelling to predict the winner

FIS updates Prophet suite

The vendor said the improvements are designed to support insurers on IFRS 17 and LDTI

Enstar Group appoints Shireen Gammoh as head of capital management

She joins from the UK public-private flood reinsurance scheme Flood Re

FIS survey finds huge demand for solvency and risk modelling upgrades

The software vendor reports 78% of insurers highlighted need to upgrade capabilities

Analysis

Cat modellers go physical to understand climate threats

Insurers' modelling of natural catastrophes has predominantly relied on historical data, but this approach is becoming unsuitable as the climate changes. Paul Walsh investigates the new techniques being developed

Catastrophe modellers are red hot on climate

InsuranceERM's annual roundup of developments among catastrophe modellers and platform providers finds one overwhelming theme: the need to provide insurers with better ways to understand the impact of climate change on risk. Cintia Cheong, Christopher Cundy, Ronan McCaughey and Paul Walsh report

Insurers struggle to explain LDTI volatility to stakeholders

From communication to interpretation, experts discussed their challenges with implementing the incoming US life insurance accounting standard at last week's webinar. Cintia Cheong reports

Insurers face "carrot or stick" decisions on climate change

Underwriters' response to climate change in their day-to-day business has become a major bone of contention and is often boiling down to a debate over whether the focus should be on incentives or punishments. Paul Walsh reports

The alternative in life

Luca Tres has been a pioneer in the development of the life ILS markets. As he begins a new role at Guy Carpenter, he talks to Christopher Cundy about the past and future at the intersection of re/insurance and capital markets

No room for complacency in 2021 Atlantic hurricane season

Forecasters have predicted another "above-normal" hurricane season, although not as bad as 2020. But as the season gets underway, insurers and catastrophe modellers have stressed there is no place for complacency. Paul Walsh reports