Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change. Historic incidents show past trends, but those are only partial drivers of future trends as terrorists adapt their tactics in response to past effectiveness and current ... Continue Reading »
modeling
A Risk Overview of Wildfire
Today, the frequency and severity of wildfires are garnering greater attention-not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties. As the industry searches for better understanding of this dynamic risk, Guy Carpenter’s GC Wildfire Diagnostic (SM) helps carriers differentiate and drive profitable growth u ... Continue Reading »
Modeling Insights
Here we review recent GC Capital Ideas posts covering insights on modeling. A Risk Overview of Wildfire: Today, the frequency and severity of wildfires are garnering greater attention - not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties. Read the article >> Understanding Flood Risk in Malaysia ... Continue Reading »
A Risk Overview of Wildfire
Today, the frequency and severity of wildfires are garnering greater attention-not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties. ... Continue Reading »
Understanding Flood Risk in Malaysia Through Catastrophe Modeling
Narathip Sutchiewcharn, Senior Vice President and Claudio Saffioti, Catastrophe Model Developer Contact According to Malaysia's Department of Irrigation and Drainage, the many rivers running through the country put about 9 percent of the total land area under flood risk, potentially affecting 2.7 million people. Rapid urbanization is only going to worsen the problem through ... Continue Reading »
Methodological Considerations in the Statistical Modeling of Catastrophe Bond Prices
John Major, Director of Actuarial Research Contact John Major has authored an article that aims to help actuaries, financial analysts, statisticians, data scientists and their clients better investigate how property catastrophe risk, and particularly catastrophe bonds, are priced. As in any technical discipline, statistical modeling has its customs, templates and default ... Continue Reading »
Are You at Risk? Managing Affirmative and Silent Cyber Risk Accumulation
The script of the global cyber insurance market is still mainly being written in the United States. Approximately 85 percent of global cyber insurance premiums of between USD 2.5 and 3.5 billion are generated in the United States. The take-up rate for this line of business in Asia is still relatively low, but the Japan market has been experiencing steady growth in the last 24 ... Continue Reading »
A Risk Overview of Wildfire
Today, the frequency and severity of wildfires are garnering greater attention-not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties. ... Continue Reading »
GC Capital Ideas Covers Modeling Developments
GC Capital Ideas presents a review of our recent stories covering modeling for various perils. ... Continue Reading »
Building for Resilience: How to Avoid a Catastrophe Model Failure: Part IV
Imelda Powers, Global Chief Catastrophe Modeler Contact Valuation Assumptions There is no database of agreed property, contents or business interruption valuations among vendors or insurers. Any user's particular valuation may come from databases of property prices, or rebuild values from claims adjusters and building surveyors. If the model's assumed valuations are ... Continue Reading »
