catastrophe model News
What Boards Would Like to Know About Catastrophe Losses
As the founder of AIR, one of the top two modeling companies, and its CEO for 20 years, I spent much of my career informing insurers and reinsurers about catastrophe models and extolling the virtues ...
What Happens Inside the Oasis Kernel?
Oasis is a flexible plug-and-play framework. As illustrated below, it allows hazard, vulnerability and user-interface specialists to plug in so that their products can be used: To produce damage ...
Insurers Face Hefty Price Tag in India from Cyclone Hudhud’s Wrath
Cyclone Hudhud, which hit India's east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power ...
National Weather Service Launches Advance Warning Disaster Model
Neighborhoods about to be hit by tornadoes and pilots heading into turbulence will get more warning from the National Weather Service starting today. At least, that's the promise of a new forecast ...
AIR Worldwide Updates U.S. Severe Thunderstorm Model, Unveils Crop Hail Model
Catastrophe risk modeler AIR Worldwide has updated its Severe Thunderstorm Model for the United States, including significant enhancements to all three model components: hazard, engineering and ...
RMS CEO Shah Confronts Delays With Cat Modeling Platform Rollout
RMS launched its Exceedance 2014 conference in Washington, D.C. on April 14 with a hard sell of RMS(one), a cloud-based catastrophe risk management system the California company hopes will modernize ...
RMS Signs on 5 New Catastrophe Modeling Partners
RMS said it inked partnerships with five additional companies in a bid to further diversify catastrophe modeling options for its new cutting-edge system. Financial terms were not disclosed. The ...
21 Insurers, Brokers Launch Oasis ‘Open Source’ Cat Model
The Oasis Loss Modelling Framework has unveiled what it describes as "the most significant development in the modelling of natural catastrophe losses for 20 years"—the launch of an independent, ...