Industry Segments: Modelling Page 1 / 2
-
- November 28 2023
Parametrics primed for APAC’s insurance mainstream: Descartes
As the search for nat cat capacity grows in the region, the MGA is looking at 'solid double-digit' premium growth this year on more demand from Australia, New Zealand, the Pacific islands and the Philippines.
-
- November 17 2023
Unwillingness to deploy capacity comes from too many surprises in the covers: Allianz Re’s Steimen
The (re)insurance industry needs to make sure that it understands the risks via the use of models and has to invest more into better data as economic growth in Asia keeps driving losses up.
-
- November 10 2023
Prepare to deal with US$200bn annual cat losses: Verisk
Flood remains the most tangible gap when it comes to modelling and quantifying risk as catastrophes across APAC are becoming more extreme.
-
- October 11 2023
Extreme events in Greater China could lead to US$4.6tn economic losses over five years: Lloyd’s
This is the largest financial impact, closely followed by Asia Pacific with the losses worth US$4.5 trillion, says new Lloyd's systemic risk scenario that models food and water shocks.
-
- September 13 2023
Australia’s carriers brace for bushfire losses fueled by El Niño
For the first time since 2019, Australia’s eastern states face heightened risks due to high temperatures, ample vegetation and a rapidly desiccating landscape, say risk modellers.
-
- June 26 2023
Tropical storms in western north Pacific to be above average in 2023: Moody’s RMS
Sea surface temperatures across the region comprising Japan, Taiwan and the Philippines are expected to be near or above average between July and November.
-
- June 15 2023
Fewer cyclones to make landfall in China, Korea, Taiwan and Vietnam in 2023: Guy Carpenter
The Philippines is set see a 'near normal' number make landfall as the weather shifts from La Niña to El Niño conditions.
-
- May 17 2023
Aon launches climate hub in Singapore
The company will increase its headcount in its Centre for Innovation and Analytics (ACIA) in Singapore from the existing 180 employees to over 350.
-
- March 3 2023
Swiss Re, Aon team up for parametric earthquake cover for Nepal hydropower project
This is the first time that the IFC and other developmental agencies have agreed to finance a construction project backed by parametric insurance.
-
- January 25 2023
Aon implements OED standard for property reinsurance risk modelling
Initial testing on reinsurance placement data for Japan, Australia and China has proved highly successful.
-
- November 30 2022
Tokio Marine-backed ICEYE in Asia nat cat data push
The Finnish satellite tech provider, which offers disaster claims management services, is looking to expand beyond Australia and Japan.
-
- November 7 2022
RMS’ Michael Steel: ‘Committed to expanding APAC footprint in terms of models, perils and people’
In an IAN interview, the risk modeller’s global head discussed regional growth plans, climate change, the ILS market, cyber risks, ESG underwriting and the Moody’s merger.
-
- October 26 2022
Japan inland flood losses to rise 50% by 2050, JBA models show
The flood modelling specialist has launched a set of global climate change tools for flooding in every country.
-
- October 6 2022
New Zealand’s revised seismic model shows earthquake hazards have risen
On average the likelihood of an earthquake has increased 50% or more across the country.
-
- September 19 2022
‘Violent’ Typhoon Nanmadol causes havoc across Japan
The third-strongest typhoon to make landfall since records began is moving northeast raising flood warning in Tokyo.
-
- September 14 2022
Rising cat claims force APAC governments to partner reinsurers: S&P
Government-backed cat pools and widening agri cover are seen as ways to maintain affordability.
-
- August 16 2022
RMS lands former Aon Inpoint Asia head as regional managing director
Andrew Hare will lead the combined RMS and Moody’s Analytics insurance vertical.
-
- July 4 2022
Korean wind projects worth US$264m GWP to insurers
Construction of 6GW of offshore wind presents risk challenges, but also an opportunity.
-
- July 1 2022
Mixed reaction to Australia’s cyclone pool modelling data
There are potential premium savings of 38%, but up to 24% of Queensland homeowner policyholders could see rises.
-
- June 22 2022
Perils expands cat data to Japan wind and flood
The firm will use data from most of the country's P&C players which provided 'strong support'.
