Bermuda Insurers Ramp Up Capital to Cover Model Error
New data shows that catastrophe model users in the global insurance domicile are increasingly hedging their bets against catastrophe model predictions.
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Citizen’s Balks At US Senate Committee Probe Of Insurance Market and Models
In a terse response to questions federal lawmakers — including accusations that legislators are creating market “panic” — the Florida taxpayer-backed insurer says its finances are sound and questions surrounding it risk modeling practices misplaced.
New Zealand Model Shows 50% Overall Increase of Quake Risk
In its first update in a decade, New Zealand’s quake model may have significant consequences for the insurance market.
China Re Says Models, Catastrophe Underwriting Are Fueling the Nation's Slowing Construction Sector
China’s state-backed reinsurer is turbo charging catastrophe underwriting, underpinned by proprietary catastrophe models and the Chaucer acquisition, as the government pivots to infrastructure development.
