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Subscribe nowInsurers' 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
AIR Worldwide and JBA Risk Management say the impact is marginal
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
The UK flood mapping provider has pledged to strengthen its climate change capability
InsuranceERM's round-up of developments at model vendors and platform providers AIR Worldwide, Impact Forecasting, Oasis LMF, RMS, Guy Carpenter, WTW, JBA, Nasdaq, KCC, ARA, Combus, CoreLogic, ERN and Fathom
Responsibility for understanding the implications of climate change for insurers has largely fallen on the shoulders of the catastrophe modelling community. They are responding with a more dynamic and multi-faceted view, as Paul Walsh reports
Since 1998, the UK has experienced seven of the 10 wettest years on record
The Wave aims to create more openness and interoperability
JBA Risk Management makes projection using new model
See which companies, teams and individuals have made the shortlist for this year's awards for risk and capital management