Expanding Climate Model Mandates Are Driving Aon Double Digit Margins
Aon Executives say that its expanding suite of climate measurement and modeling services are breaking out of the limitations of ILS and reinsurance.
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Federal Climate Report Challenges Insurance Industry's Extreme Weather Risk Models
A controversial Department of Energy report questioning the scientific basis for predicting worsening extreme weather events has put the federal government at odds with insurance industry assumptions.
AI Forces Insurers to Rewrite Risk Models, Senate Panel Told
A Senate Banking Subcommittee hearing underscored how artificial intelligence is simultaneously rewriting insurers’ actuarial playbooks and creating new, hard-to-price exposures that must be quantified to unlock reinsurance capital.
A Direct Miami Cat 5 Hurricane Hit Would Be “Devastating” In Any Scenario: Moody’s
A Katrina-like storm in Southeast Florida would likely result long-term population loss and permanently higher insurance costs.
