Posts Tagged ‘Weatherhead (Mark)’



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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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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March 13th, 2017

Cat Modelling Challenges in Europe: Part I

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weatherhead_mark-smMark Weatherhead, Head of Model Development - International

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2016 marked the 60th year of the Monte Carlo Rendez-Vous. Since the first event in 1957 the insurance world has changed significantly, with economic and insured losses from natural catastrophes such as floods and hurricanes increasing dramatically.

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September 13th, 2016

Cat Modelling Challenges In Europe

Posted at 1:00 AM ET

weatherhead_mark-smMark Weatherhead, Head of Model Development - International

Contact

2016 marks the 60th year of the Monte Carlo Rendez-Vous. Since the first event in 1957 the insurance world has changed significantly, with economic and insured losses from natural catastrophes such as floods and hurricanes increasing dramatically.

Continue reading…

September 2nd, 2015

Guy Carpenter Completes Development of Probabilistic European Hail Model

Posted at 3:45 AM ET

Guy Carpenter today announced the completion of the final phase in the development of its pioneering probabilistic European hail model. The enhancements to the G-CAT® Hail Model expand the number of countries covered by the model to include Belgium, Czech Republic, France, Luxembourg, the Netherlands, Spain and Switzerland.

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April 16th, 2015

Guy Carpenter Launches New G-CAT® Canada Flood Model

Posted at 6:30 AM ET

Guy Carpenter today launched its new G-CAT® Canada Flood Model. In creating the first ever probabilistic flood model for Canada, Guy Carpenter has enabled insurers to assess their exposure to flood, Canada’s most frequently occurring natural hazard.

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September 3rd, 2014

Guy Carpenter Launches Probabilistic European Hail Model

Posted at 11:30 PM ET

Guy Carpenter launched its new leading-edge probabilistic hail model for Europe. The G-CAT® Hail Model features a unique approach to producing historic hail tracks using a lightning detection system developed for Guy Carpenter by atmospheric research firm nowcast GmbH. 

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September 28th, 2011

Guy Carpenter Introduces Earthquake Model for Iceland

Posted at 1:00 AM ET

Guy Carpenter & Company announced that its GC Analytics® Model Development Team has introduced a new, fully probabilistic earthquake model for Iceland. The model, developed in collaboration with the Iceland Catastrophe Fund (Viðlagatrygging Íslands), local scientific experts and experienced international consultants, provides insurers and reinsurers with a reliable, high-quality tool for managing potential exposures in a fully developed insurance market.

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