The actuarial methodology powering insurance risk models is advancing faster than most carriers realize. Here is what is ...

GCube to use Renew Risk’s cutting-edge catastrophe risk model software for offshore wind assets to offer more tailored and competitive pricing Renew Risk’s ground-breaking models consider a broad ...

Some of America's largest home insurers are pricing wildfire risk at dramatically different levels of precision - and the gap ...

The combined technologies will provide (re)insurers and brokers with access to wider views of risk, facilitating global resilience for individuals, communities and businesses BOSTON and NEW YORK, ...

As climate risks grow, the new Insurability Readiness Matrix could help insurers, policymakers and communities spot when ...

Insurance is considered one of the fundamental pillars of economic stability and risk management in any country, as it is closely linked to ...

Verisk’s recent launch of its updated U.S. Tropical Cyclone model, delivered via the firm’s new cloud-native Synergy Studio ...

Statistical modelling of insurance claims encompasses a suite of quantitative techniques designed to characterise, predict and manage the financial liabilities arising from insured peril events.

Hiscox has partnered Bellwether, a team at X, Alphabet’s Moonshot Factory, to introduce a new approach to wildfire modelling for the Californian insurance market. The collaboration involves Hiscox ...

Key insight: Joint guidance from the Federal Reserve and Office of the Comptroller of the Currency on managing model risk leaves many concerns about artificial intelligence, and especially agentic AI, ...