Modelling
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Revenue, country and industry sector drive modelled output divergence.
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Exposure updates played a greater role than expected.
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The vulnerability updates are the biggest driver of loss changes.
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SCS accounted for nearly two-thirds of global first-half catastrophe losses.
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Demex said its RCR Re platform enables cedants to buy reinsurance for secondary peril risks that aggregate over time.
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The largest loss of the year outside the US was the Australia flooding in February and March.
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The modelling firm has introduced a slew of tweaks and new additions to its nat-cat suite.
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Lenders, business owners and investors can assess the impact of climate driven shifts.
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The company aims to make its services more recognisable
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As new modelling tools emerge, we look at the benchmarks that ILS managers believe are appropriate for long-term stress tests and the shorter-term challenges.
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Dimosthenis Tsaknias is to lead the InsurTech’s worldwide flood modelling.
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Version 21.0 of the model will become available to clients on June 23.
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A global survey finds vast disparities in measures for cyber, regulation and climate risks.
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The firm’s climate change models will allow users to model their portfolios under the four different emission pathways adopted by the Intergovernmental Panel on Climate Change.
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The catastrophe modeller made the estimate using a new climate change risk model.
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Vantage aims to bring capital to bear on risks beyond property cat.
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The models will be available in June initially for North Atlantic hurricane, Europe inland flood and Europe windstorm.
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The Convex CEO also outlined difficulties facing the pandemic working group.
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Purchasing the analytics firm will help Willis meet growing demand for climate change services.
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Mohit Pande says insurers’ models are failing to take into account the impact of Atlantic Multidecadal Oscillation on storm frequency.
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The risk modeling firm said damage caused in Antigua, Cuba, and the Dominican Republic would contribute about $200mn to the onshore claims count.
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The modelling agency noted that an easing of the restrictions would reduce this percentage.
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Modelling firms said there were too many variables to quantify the impact, but many factors could escalate claims.
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Latest loss estimate comes after the company had estimated Faxai losses of $5bn to $9bn.
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