Models
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Modeling Challenges Exposed as Los Angeles Fires Drive Record Catastrophe Losses
Models “have not been fully captured” this risk of wildfires, Swiss Re says.
Latest — page 6
Fires Throw Cold Water On Berkshire's "Float"
Plus, models get the green light in California
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.
Bermuda Regulator Eyes AI Governance Rules for Global Reinsurance Hub
The insurance sector faces new AI oversight as the Bermuda regulator eyes modeling risks.
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.
