The latest weather forecast reported that New York City could expect warmth-like temperatures and summer heat during the first week of June. Read here.
Swiss Re’s recent innovative ILS deal, completed with JP Morgan and designed to help the reinsurer manage its capital, has the potential to grow the sector exponentially, says one of the industry’s pioneers Dirk Lohmann, speaking ahead of the conference Re/insurance Outlook Europe, being held in Zurich in June.
RMS Global Catastrophe Model Leader Launches First Climate Change Models, Enabling New Risk Insights
Friday, May 7, 2021 11:03AM IST (5:33AM GMT)
New Climate Change Models Show Impact of Climate Change on Losses; Losses from Hurricanes Could Increase by 24 percent by 2050
Newark, Calif., United States:
RMS, the world’s leading catastrophe risk modeling and solutions company, revealed that according to its new Climate Change Models, and based on today’s exposures, insured average annual losses (AAL) from North Atlantic Hurricane wind could increase by as much as 24 percent by 2050 , and European Flood risk AAL could increase by up to 59 percent by 2050 , based on no mitigating factors taken.
RMS Global Catastrophe Model Leader Launches First Climate Change Models, Enabling New Risk Insights Sponsored Content By Newswire | May 6, 2021
New Climate Change Models Show Impact of Climate Change on Losses; Losses from Hurricanes Could Increase by 24 percent by 2050
Newark, Calif., May 5, 2021 – RMS, the world’s leading catastrophe risk modeling and solutions company, revealed that according to its new Climate Change Models, and based on today’s exposures, insured average annual losses (AAL) from North Atlantic Hurricane wind could increase by as much as 24 percent by 2050[ ], and European Flood risk AAL could increase by up to 59 percent by 2050[ ], based on no mitigating factors taken.
Press release content from Business Wire. The AP news staff was not involved in its creation.
RMS Announces New Models and RiskLink Version 21.0
May 5, 2021 GMT
RMS, the world’s leading catastrophe risk modeling and solutions company, today announces new models.
Speaking at the annual RMS Exceedance conference,
Mohsen Rahnama Ph.D., chief risk modeling officer and executive vice president, said: “Risk is increasingly complex and connected. RMS is focused on providing the highest quality and most transparent, robust catastrophe models to the industry in this environment. With the new inland flood models and global flood hazard maps, we address an important set of regions where flood is the most important peril, and now cover 100 percent of flood premiums written worldwide. The significant update to the RMS North Atlantic Hurricane Models incorporates the latest science, and applies the learnings from 2017 onward.”