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Alternative Risk Transfer
Catastrophe risk modeling firm AIR Worldwide, a Verisk Analytics business, has launched the industry’s first comprehensive severe thunderstorm model for Australia that explicitly captures all three sub-perils — hail, tornado, and straight-line wind - to help companies assess and manage severe thunderstorm risk. 24 July 2017
Insurance
ISO, the information provider for property/casualty insurance risk owned by Verisk Analytics, has enhanced its commercial inland marine programmes for three new classes of business. 18 July 2017
Insurance
The private US property/casualty insurance industry saw its net income after taxes drop 42.2 percent year-on-year to $7.7 billion in the first-quarter of 2017, according to ISO, a Verisk Analytics business. 26 June 2017
Insurance
Global reinsurers have written to the European Commission (EC) to ask it to ensure mutual access between British and European Union reinsurance markets after the UK leaves the bloc due to worries about market disruption, according to extracts from a letter seen by Reuters. 26 June 2017
Insurance
Following the major fire at Grenfell Tower in North Kensington, west London, casualty accumulations and casualty losses have come right into the focus of casualty re/insurers and the assessment shows that commercial clients are not buying enough liability limits. 23 June 2017
Insurance
A collaboration between insurers and IoT service providers is key to enable companies to interpret the huge amount of data available, model and price risks more accurately. 23 June 2017
Insurance
A new generation of catastrophe models could be completely transparent to their users – heralding a seismic change in the way risk models are built and used, which could be as significant a change for the industry as when the very first cat models were built in the early 1980s. 9 June 2017
Insurance
The European Securities and Markets Authority (ESMA) has set out a principles rule book for the supervisory approach to company relocations from the UK as the country leaves the EU and stressed that special attention should be granted to avoid letter-box entities in the EU27. 1 June 2017
Insurance
Insurance solutions provider Ageas has said that it will use artificial intelligence (AI) technology across its motor claims management, working in partnership with technology specialist Tractable. 18 May 2017
Insurance
Bunker, a San Francisco-based digital business insurance platform, has officially launched operations after having raised $6 million in a Series A funding. This follows less than a year after announcing a $2 million seed round and launching in beta version. 12 May 2017
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