Insurance claims

Moody’s RMS Estimates Hurricane Debby Losses at $1.5bn

The word from Moody’s after Hurricane Debby; Moody’s RMS Event Response estimates U.S. private market insured losses from Hurricane Debby will not exceed US$1.5 billion. This estimate represents insured losses associated with wind, storm surge, and […]

Global insurance trends

Bloomberg Sees Hurricane Claims Posing a Problem For Reinsurers

The latest from Bloomberg Intelligence FYI; Higher reinsurance-policy retention might afford Munich Re, Swiss Re and peers’ a shield, yet lowered prices don’t reflect the risk posed by high sea temperatures in the current hurricane […]

Opinion

5 Strategies for Insurers to Prepare for the 2024 Hurricane Season

This article is by Puneet Dikshit, Business Unit Head, Insurance at WNS. The tropical meteorology project team at Colorado State University forecasts 23 storms in North America in 2024, with 11 expected to intensify into […]

Insurance claims

Moody’s RMS Estimates Hurricane Otis Bill Could Hit $4.5bn

Moody’s RMS takes a look at the impact of Hurricane Otis, which affected Mexico recently, yet received very little mainstream media coverageMoody’s RMS®, the leading risk modeling and solutions company, estimates private market insured losses […]

Technology

McKenzie Launches CAT360; Get Useful Data After Cat Events

McKenzie Intelligence Services (MIS), a leading provider of geospatial intelligence to (re)insurers, announces it is piloting CAT360, an initiative in which ground-level imagery is introduced to MIS’ Global Events Observer (GEO) platform, in addition to […]

News

Reask Partners With Kettle on Parametric Hurricane Coverage

ClimateTech Reask, a leading science and technology company focusing on natural hazard modelling, announces that it has agreed a partnership with InsurTech MGA Kettle that will enable Kettle to offer location-level, wind speed-based parametric hurricane […]

Global insurance trends

Moody’s RMS System Approved by Florida Commission

Moody’s RMS, the leading global catastrophe risk modeling and solutions company, announced that version 23 of the Moody’s RMS North Atlantic Hurricane Models was approved by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) on June 01, […]

Global insurance trends

You Love Coral Reefs, Willis Towers Watson Loves Coral Reefs

Everyone loves this work by WTW, which repairs some of the damage done by hurricanes; The Mesoamerican Reef Fund (MAR Fund) and WTW (NASDAQ: WTW) today announced the appointment of AXA Climate as the insurance […]