JLT Re urges cat modellers to strengthen authority over post-event loss forecasts
Last year's Atlantic hurricane season was one of the most catastrophic in recent memory with insured losses estimated at over $130bn. Now 12 months later and on the first official day of the season, forecasters believe relative calmness awaits. But forecasters are often wrong. Paul Walsh reports.
Models should consider the most recent science, cat modelling firm argues
Cat modelling quarrel spills into Twitter spat
Developing probabilistic model for liability risks
Storm struck large parts of Europe in January causing widespread damage
Following the devastation caused by hurricanes and wildfires last year, Paul Walsh asks the industry what the lessons are for insurers and risk modellers
Almost all claims being handled in truncated process outlined by commissioner
Storm Friederike struck large parts of Europe in mid-January
Lloyd's and AIR report highlights significant gap in cyber coverage