probabilistic models News

Guy Carpenter Launches Probabilistic Philippines Flood Model

Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the launch of a new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most …

Cat Modeling in a New, More Open Phase: Aon Benfield/Impact Forecasting

Over 30 years ago, Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the developed world in studying and …

Members of Aon Benfield’s Analytics Team Explain Cat Models

“Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for overseeing the collection of massive amounts of data, the construction of …

RMS Expert Explains Role of ‘Social Network’ in Tracking Down Bin Laden

The arcane world of spies, informers, terrorists and the people who have to deal with them remains largely a mystery to most ordinary citizens. But when those efforts produce spectacular results, as in the tracking down and killing of Osama …