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There are two players in the tug of war that is the implementation of a catastrophe (CAT) model—the user and the vendor. Users require a sophisticated CAT model that pulls together multiple ...
COVID-19 isn't the first and won't be the last pandemic to threaten the well-being of the global population, but it will likely turn out to be the worst in the last 100 years. It would be hard to ...
Xceedance, a global provider of insurance consulting, managed services, technology, data sciences and blockchain solutions, announced on Sunday that it is teaming up with the Oasis Loss Modelling ...
This year, 2017, marks the 30th anniversary of the beginning of catastrophe modeling. Back in 1987, after a few quiet decades of natural catastrophes in the United States, the idea of ...
When my partner, Vivek Basrur, and I started Karen Clark & Co. (KCC), we had no intention of building catastrophe models again. In fact, that's the one thing we said we wouldn't do. But after a ...
In the United States, severe convective storms (SCS)—also known as severe thunderstorms, which can include tornadoes, hail and strong localized wind gusts—cause average annual insured losses of ...
Given the complexity of catastrophe models, at first it might seem impossible for you to build your own. This was certainly the case 10-20 years ago. But technology has changed since the ...
Catastrophe risk modeler AIR Worldwide has expanded its suite of models for Canada with the release of Winter Storm and Tropical Cyclone models. In addition, comprehensive updates have been made to ...
In its 20-plus years, catastrophe risk modeling had developed nearly insurmountable barriers to alternative views of risk. Except for the largest companies, insurers and reinsurers have had little ...
In her article, "Why Open Platforms are the Logical Next Step for Catastrophe Risk Models," risk expert Karen Clark explains that an open platform starts with "reference" models for combinations of ...
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