The introduction of the catastrophe
bond in the 1990s was hailed by many as the vanguard of a revolution in insurance.
"Jusqu'a present, le bilan de cette enorme catastrophe
ferroviaire s'eleve a 14 morts", a declare le ministre de l'Interieur Jacek Cichocki, sur les lieux de la catastrophe
dans la nuit de samedi a dimanche.
models allow underwriters and modelers to simulate reality.
Furthermore, insurers can minimize the impact on the current underwriting workflow by capturing the data required for sound catastrophe
risk management as part of the replacement-cost estimation process.
Nearly one hundred experts from the Ministry of Science and Technology, the Emergency Management Department, seismological science research institutes and the insurance industry had convened for the summit, and to witness the unveiling of 'China Earthquake Catastrophe
Allstate estimated catastrophe
losses for the month of June 2019 of $309 million, pre-tax ($244 million, after-tax).
Carriers Increasingly Dinged by 'Secondary' Catastrophe
Perils : Swiss Re
The United States saw $160 billion in catastrophe
losses, which is higher than the 30-year average of $140 billion, but lower than 2017's $350 billion in losses.
Hong Kong: Fitch Ratings said Typhoon Jebi, which is reportedly the strongest typhoon to have made landfall in Japan in 25 years, will not undermine the financial soundness of Japanese non-life insurance groups, given their appropriate catastrophe
risk management and strong capital buffers.
Data is vital for catastrophe
modeling, as well as for determining industry exposure and industry loss estimates.
In this paper we concentrate on catastrophe
bonds, which are nowadays the most used solution to hedge the risk of catastrophes
through the capital markets.
Synopsis: The collaborative work of Kirsten Mitchell-Wallace (EMEA Regional Head of Catastrophe
Management at SCOR, Zurich, Switzerland); Matthew Jones (Director at Cat Risk Intelligence, UK); John Hillier (Senior Lecturer in Physical Geography at Loughborough University, Loughborough, UK); and Matthew Foote (Group Head of Exposure Management at Argo Group International Holdings, London, UK), "Natural Catastrophe
Risk Management and Modelling: A Practitioner's Guide" covers both the practical and theoretical aspects of catastrophe
modeling for insurance industry practitioners and public policymakers.
As climate change accelerates and weather becomes more violent, insurers are increasingly using catastrophe
reinsurance to hedge their bets.
A key factor in preparation is identifying the catastrophe
management team, including internal members as well as important external service partners.