Navigating the Challenges of Wildfire Risk Modeling
As wildfires raged across Northeastern Canada in June, spreading toxic smoke across a large swath of Eastern and Central U.S., risk and insurance executives were reminded ...
risk modeling News
Understanding the Role of Data Scientists in Risk Modeling
Risk models are an increasingly critical component to the modern insurance carrier. They are relied upon for all phases of insurance, from marketing and sales to pricing, claims, and operations. ...
Companies Expose Clients to Harm by Not Modeling Longer-Term Risk Impacts: Marsh
Only 25 percent of companies are evaluating or modeling the longer-term impact of emerging risks on their business, leaving a cascading scenario that can also harm their customers, according to a new ...
RMS, Symantec, HP Vets Launch New Cyber Risk Modeling Startup
A new cyber risk analytics firm has made its public debut. CyberCube Analytics relies on technology developed by Symantec Corp. plus investment from Trident Capital Cyber Security, a $300 million ...
RMS Debuts Agricultural Risk Models for India, China; Expanded Cover Planned
RMS, the Newark, Calif.-based catastrophe risk management firm, has added agricultural risk models for India and China to its line of emerging risks models, with plans to expand coverage across ...
New Risk Model Developments Assist Decision-Makers Adapting to Climate Change Impacts
New developments in science and technology are making the potential economic impacts of natural catastrophes, both in the medium and long term, more understandable and accessible to local government, ...
A New Era for Marine Catastrophe Management
While marine insurers remain well-capitalized, the line faces many risks. A protracted soft market has eroded margins, large losses have put pressure on rate adequacy, and marine cat experience has ...
A Reinsurer’s Perspective on the Current Catastrophe Modeling Landscape
Charles Dickens couldn't have predicted what has happened in the reinsurance industry the last 10 years. It has been the best of times for coastal inhabitants of the United States, as it has been a ...
Karen Clark & Co.’s RiskInsight Now a Fully Probabilistic Loss Modeling Platform
Karen Clark & Co. (KCC) on Tuesday announced that RiskInsight, the open platform for catastrophe risk management, is now a fully probabilistic loss estimation tool capable of generating ...