Models Capital, Risk, Economic Scenario Generators
News
German hybrid life products raise risk modelling concerns
Use of GDV model scrutinised by regulator
Oasis LMF receives $2m funding to expand open modelling system
A total of 10 major insurers and brokers pledge funds over next two years
RMS to launch climate change models
New models allow users to assess climate change under IPCC scenarios
Insurers rule out separate Orsa process for Covid-19
Insurance Europe said the pandemic is not a new risk in itself
Greenlight Re says today's catastrophes "endlessly break" risk models
Bermudian reinsurer avoids long-tail risk where the "models get things wrong"
US winter storms will lead to 750,000 claims and $18bn insured loss
Cat modelling chief Karen Clark says similar events could reasonably occur in future
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
Analysis
Bermuda begins to move on climate
The regulator's inaugural climate change survey has found the island's insurers could be doing much more to address the issues associated with global warming. But insurers certainly seem interested in making progress, as Sarfraz Thind reports
Regulators should encourage cat model diversity, says Oxford University study
Researchers have shown how the re/insurance markets can benefit from using a diversity of catastrophe models to understand and price their risk. So what are regulators doing about it? Christopher Cundy reports
Steering NewRe through the Covid-19 stress test
NewRe's chief risk officer (CRO) Christian Dahmen was highly commended in InsuranceERM's 2021 awards. He tells Ronan McCaughey about overhauling the reinsurer's risk management function and emerging risks to monitor
Is address-level pricing causing or solving natcat protection gaps?
Consumers in high-risk districts are facing unaffordable premiums for property cover - a situation that some blame on insurers' increasingly detailed pricing methods. But insurers argue that address-level pricing allows them to close protection gaps. David Walker reports
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