Catastrophe modeling

Security First Insurance Leverages ARA’s HurLoss for Terrain Modeling

Retrieved on: 
Monday, October 9, 2023

Albuquerque, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Applied Research Associates, Inc. (ARA) announced today that Security First Insurance will license terrain data from HurLoss®, ARA’s state-of-the-art hurricane loss model.

Key Points: 
  • Albuquerque, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Applied Research Associates, Inc. (ARA) announced today that Security First Insurance will license terrain data from HurLoss®, ARA’s state-of-the-art hurricane loss model.
  • “ARA’s terrain service API allows us to better understand individual policy risk at any given location in Florida and more accurately price our wind mitigation discounts,” said Robert Ketchum, vice president of Product and Underwriting at Security First .
  • ARA is a globally recognized research and engineering firm dedicated to safety and security solutions.
  • “ARA is extremely gratified to partner with such an important insurance carrier to the Florida market.” said George Freimarck, business leader for Catastrophe Modeling at ARA.

AM Best to Sponsor, Exhibit and Present on Catastrophe Modeling at 2023 Society of Insurance Research Conference

Retrieved on: 
Friday, September 8, 2023

AM Best will sponsor and participate in the 2023 Society of Insurance Research (SIR) Conference in Cincinnati, OH, Sept. 10-12, 2023.

Key Points: 
  • AM Best will sponsor and participate in the 2023 Society of Insurance Research (SIR) Conference in Cincinnati, OH, Sept. 10-12, 2023.
  • Sridhar Manyem, senior director of industry research and public relations, AM Best, will present with Andrew Straube, risk consultant, Verisk, a session titled, "Introduction to Catastrophe Modeling."
  • Best’s Financial Suite : Take your insurance industry research to the next level with data, credit ratings and analytical tools from AM Best.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

FutureProof Licenses Data Sets from ARA's HurLoss Model to Enhance Risk Tools

Retrieved on: 
Wednesday, June 28, 2023

Albuquerque, NM, June 28, 2023 (GLOBE NEWSWIRE) -- FutureProof Technologies Inc. has signed an agreement with Applied Research Associates, Inc. (ARA) to license hurricane hazard and vulnerability data sets which form the basis for HurLoss®, ARA’s state-of-the-art hurricane model.

Key Points: 
  • Albuquerque, NM, June 28, 2023 (GLOBE NEWSWIRE) -- FutureProof Technologies Inc. has signed an agreement with Applied Research Associates, Inc. (ARA) to license hurricane hazard and vulnerability data sets which form the basis for HurLoss®, ARA’s state-of-the-art hurricane model.
  • FutureProof is an Insurtech startup targeting solutions to climate change by developing innovative AI-driven proprietary models to underwrite risk.
  • ARA is a globally recognized research and engineering firm dedicated to safety and security solutions.
  • By licensing our HurLoss model’s data sets, FutureProof will be able to build the tools to achieve their vision for insurance, climate adaptation and resilience.”
    ARA’s HurLoss™ U.S. Hurricane model allows re/insurers, ILS managers, and brokers to make superior underwriting and portfolio management decisions.

Fermat Capital Management and ARA Announce New Agreement

Retrieved on: 
Wednesday, January 18, 2023

Albuquerque, NM, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Fermat Capital Management, LLC (Fermat) has signed an agreement with Applied Research Associates, Inc. (ARA) to license ARA’s state of the art hurricane model, HurLoss™.

Key Points: 
  • Albuquerque, NM, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Fermat Capital Management, LLC (Fermat) has signed an agreement with Applied Research Associates, Inc. (ARA) to license ARA’s state of the art hurricane model, HurLoss™.
  • Fermat is one of the largest investment managers in the insurance-linked securities (ILS) sector.
  • ARA is a globally recognized research and engineering firm dedicated to safety and security solutions.
  • “ARA’s engineering, first principles-based modeling provides us with an important perspective on the critical hazard of wind.” said John Seo, co-founder and managing director at Fermat.

Holborn Corporation Announces Next Generation of Leadership

Retrieved on: 
Tuesday, March 22, 2022

NEW YORK, March 22, 2022 /PRNewswire/ -- Holborn Corporation (Holborn), a U.S.-based independent reinsurance broker, announced a number of Executive promotions within the ranks of its senior Brokers and Analytical Services unit.

Key Points: 
  • NEW YORK, March 22, 2022 /PRNewswire/ -- Holborn Corporation (Holborn), a U.S.-based independent reinsurance broker, announced a number of Executive promotions within the ranks of its senior Brokers and Analytical Services unit.
  • The establishment of our next generational leadership further cements the foundation for driving Holborn forward, as we set our course for the next 100 years."
  • The Executives recently promoted by Holborn are:
    Greg joined Holborn in 2010 as a reinsurance broker with a decade of industry experience at several reinsurance intermediaries.
  • Holborn Corporation (Holborn) is a privately held independent reinsurance brokerage firm established in 1920.

ImageCat announces a new partnership with Reask to deliver their global natural catastrophe models via its risk and disaster management platforms

Retrieved on: 
Monday, September 6, 2021

The new relationship will allow ImageCat to leverage Reask's innovative hazard modeling capabilities to deliver cutting-edge risk management solutions across the insurance and reinsurance industry.

Key Points: 
  • The new relationship will allow ImageCat to leverage Reask's innovative hazard modeling capabilities to deliver cutting-edge risk management solutions across the insurance and reinsurance industry.
  • "We're excited to make our suite of global tropical cyclone modelling solutions available to risk managers across the insurance community via the ImageCat platforms," said Thomas Loridan, Chief Executive Officer, Reask.
  • About ImageCat: ImageCat is an international risk management innovation company supporting the global risk and catastrophe management needs of the insurance industry, governments, and NGOs.
  • As a leading provider of risk and disaster management technologies, ImageCat is highly regarded for cutting-edge products, services, and R&D activities, targeting decision support needs at all phases of the disaster management cycle.

Kevin McCarty, VP of Security, Governance, Risk and Compliance at Marriott International, Joins Kovrr Advisory Board

Retrieved on: 
Wednesday, July 21, 2021

Kovrr , a provider of cyber risk modeling and quantification for enterprises and (re)insurers, announced today that Kevin McCarty, VP of security, governance, risk and compliance at Marriott International, joined its Advisory Board.

Key Points: 
  • Kovrr , a provider of cyber risk modeling and quantification for enterprises and (re)insurers, announced today that Kevin McCarty, VP of security, governance, risk and compliance at Marriott International, joined its Advisory Board.
  • Kevin will primarily offer strategic and product guidance to the executive team and support growth of Kovrrs enterprise cyber risk quantification solutions.
  • Kovrr's cyber risk modeling platform delivers global enterprises and (re)insurers transparent data-driven insights into their cyber risk exposures.
  • The Kovrr platform is designed to help chief risk officers, chief information security officers, underwriters, exposure managers, risk professionals and catastrophe modelers understand, financially quantify and manage cyber risk by utilizing AI-powered risk models.

CoreLogic and Xceedance announce extended catastrophe modelling collaboration

Retrieved on: 
Tuesday, June 29, 2021

CoreLogic , a leading global property information, analytics and data-enabled solutions provider, today announced an extended collaboration with Xceedance , a global provider of insurance consulting, managed services and technology.

Key Points: 
  • CoreLogic , a leading global property information, analytics and data-enabled solutions provider, today announced an extended collaboration with Xceedance , a global provider of insurance consulting, managed services and technology.
  • Under this expanded arrangement, re/insurers and brokers will now gain access to CoreLogics complete suite of 180+ catastrophe models via transactional, on-demand catastrophe modelling services performed by Xceedance.
  • CoreLogic is continuously working to meet the expectations of the re/insurance market and the increasing demand for greater flexibility to access and provision catastrophe models.
  • Accordingly, CoreLogic offers its catastrophe models on the open source Oasis Loss Modelling Framework (Oasis LMF) as well as on its own RQE catastrophe modelling platform.

Kovrr Updates its Cyber Risk Quantification Platform to Help (Re)insurers and Enterprises Cope with Soaring Cyber Risk

Retrieved on: 
Monday, June 28, 2021

Kovrr , a provider of cyber risk modeling and quantification for (re)insurers and enterprises, today released updates to its cyber risk model and platform.

Key Points: 
  • Kovrr , a provider of cyber risk modeling and quantification for (re)insurers and enterprises, today released updates to its cyber risk model and platform.
  • These updates explain why we entrust Kovrr with helping us manage our accumulated cyber risk exposure, said Oscar Taboada, head of cyber at MAPFRE RE.
  • Kovrr's cyber risk modeling platform delivers global (re)insurers and enterprises transparent data-driven insights into their cyber risk exposures.
  • The Kovrr platform is designed to help chief risk officers, chief information security officers, underwriters, exposure managers, risk professionals and catastrophe modelers understand, financially quantify and manage cyber risk by utilizing AI-powered risk models.

Insurance Industry Continues to Select Verisk’s AIR as its Modeler of Choice for Catastrophe Risk Management, Including Class of 2020

Retrieved on: 
Thursday, May 20, 2021

b'Boston, May 20, 2021 (GLOBE NEWSWIRE) -- Catastrophe modeling firm AIR Worldwide announced that newly established international insurance and reinsurance companies from the \xe2\x80\x9cClass of 2020,\xe2\x80\x9d have selected AIR as their modeler of choice to help manage their catastrophe risk.

Key Points: 
  • b'Boston, May 20, 2021 (GLOBE NEWSWIRE) -- Catastrophe modeling firm AIR Worldwide announced that newly established international insurance and reinsurance companies from the \xe2\x80\x9cClass of 2020,\xe2\x80\x9d have selected AIR as their modeler of choice to help manage their catastrophe risk.
  • The so-called Class of 2020 is a group of insurance, reinsurance and specialty companies formed in 2020, including Conduit Re, Core Specialty, Inigo Ltd, Integral ILS Ltd, and Vantage Risk.
  • In 1987, AIR Worldwide founded the catastrophe modeling industry and today models the risk from natural catastrophes, supply chain disruptions, terrorism, pandemics, casualty catastrophes, and cyber incidents.
  • Insurance, reinsurance, financial, corporate, and government clients rely on AIR\xe2\x80\x99s advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, longevity modeling, site-specific engineering analyses, and agricultural risk management.