- Global Insurance Regulators Target Growing NatCat, AI and Private Credit Risk for 2026
Global regulators say rising NatCat exposure, rapid AI adoption and growing private-credit allocations are reshaping insurance risk oversight heading into the New Year.
- Verisk Says Physics-Based AI Models Signal New Era for Extreme Event Risk
Physics-based AI modeling and digitization spend are defining Verisk’s position in analytics.
- Anthropic’s Latest Update Edges Closer to Catastrophic AI Risk Thresholds
Claude Opus 4.5’s increased ability to assist in biological threat creation signals a sharper inflection point in frontier-AI risk.
- Fed Says “Hidden Cyber Fault Line” Runs Through US Financial System
Catastrophic cyber scenarios modeled using CyberCube show losses up to 60x routine events
- New Zealand’s Tower Urges National Hazard Database To Market Demands
Tower warns that only a national, publicly accessible hazard database can keep climate-exposed New Zealand insurable and maintain reinsurance confidence..
- GIC Re Confronts Dual Modeling Challenges: Post-COVID Mortality Shifts and Secondary Peril Volatility
The India-based reinsurer said both life and nat-cat books faced modeling misses.
Introducing The 2026 Risky Science Podcast Live Series
We’re excited to launch Risky Science Live 2026 — a monthly, data-driven webinar series bringing together leading catastrophe-modeling experts, market practitioners, and capital-markets decision-makers to decode the emerging risks reshaping insurance and finance.
🗓️ January — Register Now
Cyber Risk in 2026: Modeling, Market Dynamics & Systemic Stress
Our first session features Morgan Hervé-Mignucci, PhD, CFA, CISSP — Head of Risk Modeling at Coalition — for a forward-looking discussion on the defining cyber-risk trends of 2026.
We’ll examine how cyber insurance has evolved over the past decade, what recent cloud-service near-misses tell us about systemic exposure, and where cyber and physical hazards are converging through exclusions and dependency risk. Panelists will also break down capital adequacy, cloud concentration, reinsurance appetite, and how macro-prudential oversight is shifting the risk conversation.
👉 Designed for: modelers, underwriters, reinsurance executives, and risk-capital participants
📍 Join us Thursday, January 8 at 1:00 p.m. ET
What’s Ahead in the Series
- Severe Convective Storm Risk: The “interior insurance crunch” and the modeling, capital, and volatility challenges driving U.S. market stress.
- Wildfire & Grid Liability: The intensifying faultline between utilities, reinsurers, and capital providers ahead of peak season.
- Hurricane Pre-Season Outlook: Rapid intensification, inland wind persistence, and the evolving tail-risk picture for 2026.
Weather Risk Is The Sleeping Giant of Europe’s Energy Transition
On this week’s Risky Science Podcast, TP ICAP’s Tim Boyce explains why weather derivatives are no longer a niche hedge and how they’re becoming a core component of energy-market risk management.
After more than two decades in interest-rate swaps and commodities, Boyce shifted into weather markets because he saw something most market participants still underestimate: huge untapped liquidity and rapidly growing demand.
Weather risk isn’t new, but its role in Europe’s fast-evolving power system is. As renewables take over a larger share of the generation stack, power markets are increasingly exposed to wind variability and temperature swings.
Boyce notes that traders, utilities, and corporates are recognizing that volatility and seeking more bespoke coverage than traditional structures alone can provide. “It felt like a really engaging, interesting market… a sleeping giant,” he says.
That demand shift is driven by the practical realities of operating a low-carbon grid. More wind power means more weather exposure, and that translates directly into cash-flow uncertainty for energy suppliers, retailers, and even data-center operators whose cooling loads spike on hot days.
“There isn’t a business on the planet that isn’t impacted by weather,” Boyce emphasizes. “Every commodity in the world is impacted by weather, but not a single commodity impacts the weather.”
Another indicator of maturity: liquidity and price discovery have expanded significantly in just the past few years. More reinsurers, hedge funds, and utilities are becoming active hedgers, and sometimes sellers, of weather exposure.
🔊 Listen here to the full conversation with Tim Boyce for insights on pricing, liquidity, and what’s next for weather risk markets.
