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Subscribe nowPandemic Re Steering Committee forms six working groups
Releases version 10 of cat modelling platform, Elements
Incorporates data from 2011 disaster
A new open-source loss modelling framework, Oasis, is threatening to shake up the catastophe modelling establishment. Jamie Bullen asks insurers, scientists and cat modellers how they see it developing
Framework is backed by 21 re/insurers and brokers
For Eqecat, AIR and RMS, the future is platforms and the promise to give clients more model transparency and control. Open-architecture initiatives such as Oasis are also gearing up. Lorna Davies details the developments
Cat model framework looking for four more players to sign up
To model longevity improvements more accurately, Swiss Re is tapping different data sources and collaborating with a range of professions and academics. One motivation: the reinsurer is a significant holder of mortality and longevity risk, as this week's latest Vita mortality bond underlines (see news section). Swiss Re's Daniel Ryan talks to InsuranceERM
Climate change, floods, longevity, volcanoes, the Arctic ice cap, the Great Barrier Reef - all have been the subject of various research projects funded by re/insurers or brokers. However altruistic the support of these projects appears, they all ultimately bring some benefit to the sponsors, as Sarfraz Thind explains
But members still not named