Catastrophe risk
Fed’s climate stress test whips up storm for banks
Long-awaited US climate risk exercise puts tough pressure on banks’ data and models
Risk Markets Technology Awards 2019: Vendors enter the pick-and-mix era
Modular tech and micro-services – plus new risk and regulatory needs – are creating openings for insurgents and incumbents
Weather house of the year: Sompo Global Weather
Energy Risk Awards 2017: Innovative data solutions drive weather market
Cluster model relies on op risk ‘storms’
Capital models should reflect loss grouping – research
Best catastrophe modelling software: Aon Benfield
Aon brings philosophy of openness to catastrophe models
Conduct risk and PBR questions for Allstate CRO
CRO challenges at Allstate
Catastrophe modellers embrace open platforms
Liberalised cat modelling market will place extra demands on model validation
Rival vendors unveil open cat modelling platforms
New product suites offer increased transparency and customisation
Insurers play down ‘misuse’ threat of open source cat model framework
Not-for-profit modelling framework aims to liberalise the catastrophe risk model industry
Reinsurance sidecars evolving as competition for third-party capital hots up
Sidecars mimicking ILS funds to lure investors entering collateralised reinsurance space
Australian cyclone derivative ‘proves resilience of traditional cat insurance market’
Innovative weather risk transfer deal exposes limitations of ILS
Governments must ‘stop distorting cat markets’ with insurance pools
Let commercial market price risk, while governments should focus on risk-reduction, think-tank says
Better risk data vital if insurers to boost disaster coverage
Steps to improve risk modelling needed if Europe wants insurers to increase cat risk exposure, say experts
Asia-based cat bond issuance unlikely
A catastrophe bond from an Asian-based issuer is unlikely in the near term due to the high cost relative to traditional reinsurance
Cat bond market poised to boom in 2013
Bond boom
Sidecar capacity set to grow as capital market investment increases
Third-party solutions increasingly sought by firms seeking reinsurance and retrocession
Calls for better modelling of business interruption losses following Hurricane Sandy
Contingent business interruption models beginning to emerge, but data a challenge
Calls for Eiopa to clarify non-life cat SCR technical specifications
Specifications unclear on premium volume definition for risk-factor calculation, say actuaries
Data challenges for cat risk ‘threatens standard formula usage’
Lack of data could force insurers with non-standard catastrophe risks to use internal model, warns Insurance Europe