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Catastrophe risk modelling: platforms and models update

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

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Cat modelling awakens to climate change risk

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

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Diversification drive cuts US reinsurers' pandemic risk

Reinsurers could still face 40% to 50% capital threat from mortality risk, says AM Best

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Typhoon Hagibis losses could reach $11bn

The combined losses from Hagibis and Faxai in Japan could rival last year’s typhoon Jebi

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Loma Prieta quake would cause $38bn economic loss today

RMS warns of large protection gap if 1989 Californian earthquake is repeated

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The technology trends in risk and capital management

As re/insurers look to implement IFRS 17, manage cyber risk and drive modelling efficiencies, software vendors are gearing up to respond. Cloud and process automation solutions also figure highly in this year's InsuranceERM Technology Guide, introduced by Ronan McCaughey

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Typhoon Hagibis puts Rugby World Cup in a spin

The latest wind speeds from Hagibis are reported as 161 mph - equivalent to a Category 5 hurricane.

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RMS unveils pre-landfall hurricane analysis tools

The catastrophe risk modeller used the tools during hurricane Dorian last month

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Insurers face up to $9bn bill from typhoon Faxai

Highest industry estimate so far from RMS

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Dorian and Faxai could cost insurers up to $15.5bn, predict modellers

RMS and AIR Worldwide release latest insured loss estimates for US, Japan