Posts Tagged ‘flood’



June 12th, 2017

GC Capital Ideas CAT-i Stories: For First Half, 2017

Posted at 1:00 AM ET

Here is a look back at the CAT-i stories covering January through mid-June of 2017.

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June 6th, 2017

The Challenge in Applying Models Effectively

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts about how (re)insurers are utilizing model applications to improve their understanding of their risk exposure.

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May 12th, 2017

Canada Flood Events, May 6 - 11

Posted at 7:06 AM ET

canadaflood-5-11-map-smA slow-moving upper-level weather pattern with an embedded frontal system has brought periods of heavy rainfall to areas of eastern Canada to include the Saint Lawrence, Ottawa and Rideau Rivers and surrounding watersheds. The heavy rainfall together with melting snow has caused significant flooding for areas of southern Québec and eastern Ontario to include areas of Montréal and the National Capital Region. Flood control measures in north Montréal were also compromised, causing the flood threat to amplify. At least 4,141 homes have been flooded in Québec. More heavy rainfall is expected over the coming days.

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May 10th, 2017

Guy Carpenter Hosts International Forum: Building Sustainable Flood Insurance Solutions

Posted at 10:30 PM ET

Guy Carpenter & Company hosted an international forum entitled “Building sustainable flood insurance solutions” in Berlin on May 9-10. The event brought together leading figures from science and academia, non-governmental organizations and the (re)insurance industry to examine the rapidly growing impact of flooding and explore measures to significantly reduce that impact.

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May 4th, 2017

Midwestern United States Flood/SCS Event, April 28 – May 4

Posted at 2:36 PM ET

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A significant severe thunderstorm outbreak with heavy rainfall has affected areas from the Southern Plains to the Great Lakes and Northeast, with historic flooding in parts of the Central Mississippi Valley. Significant rainfall amounts of over ten inches occurred over saturated soils of the Central Mississippi Valley and surrounding watersheds. The rainfall produced historic flooding on some rivers, and the Mississippi River itself is expected to approach record flood stage at Cape Girardeau over the coming days. Flood impacts have been locally severe and include reports of property damage, numerous road closures, evacuations and water rescues. A levee breach has forced evacuations near Pocahontas, Arkansas.

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April 24th, 2017

Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part III: Highlights of Recent Public Sector Initiatives

Posted at 1:00 AM ET

whitmore_charles_photo-sm3Charles Whitmore, Managing Director

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Following years of planning by the insurance Industry and negotiation with a wide group of stakeholders including the government, Prudential Regulatory Authority (PRA), the Financial Conduct Authority (FCA) and others, Flood Re launched in April 2016. The overarching aim of the market-based scheme is to ensure better access to more affordable household insurance for those in high flood risk areas.

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April 20th, 2017

Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part II: Public Sector Strategic Initiatives in EMEA

Posted at 1:00 AM ET

whitmore_charles_photo-sm1

Charles Whitmore, Managing Director

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Organizations throughout EMEA have significantly increased the establishment of strategic initiatives to close the protection gap and improve society’s ability to recover from the devastating impact of natural catastrophe losses. Marsh & McLennan Companies’ Risk & Insurance Services Segment, comprised of Guy Carpenter and Marsh, have developed resources and expertise to help clients in this area.

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March 16th, 2017

Cat Modelling Challenges in Europe: Part IV

Posted at 1:00 AM ET

weatherhead_mark-sm3Mark Weatherhead, Head of Model Development - International

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Flood poses particular challenges for modelling. In particular, the hydraulic modelling of flood extents requires a high-quality digital terrain model that has been processed specifically for the task by removing features like bridges.

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March 15th, 2017

Cat Modelling Challenges in Europe: Part III

Posted at 1:00 AM ET

weatherhead_mark-sm2Mark Weatherhead, Head of Model Development - International

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There are two main lines of development. First, (re)insurers need to gain a deeper understanding of how the existing commercial vendor models perform for their book of business, how the models can be best modified or customized to better reflect their own loss history, and how the models compare to each other. Second, (re)insurers need to continue to address gaps in knowledge that are not adequately covered by existing models.

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March 14th, 2017

Cat Modelling Challenges in Europe: Part II

Posted at 1:00 AM ET

weatherhead_mark-sm1Mark Weatherhead, Head of Model Development - International

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While there is still uncertainty regarding the degree of impact from climate change, the likely consequences are subject to modelling. Increasing global temperatures are projected to impact the mid-latitude and polar regions more than the tropics.

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