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 ...

Moody’s Corporation (NYSE:MCO) announced today that the Moody’s RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance (CDI).

Massive amounts of data are now accessible in real time. As a result, the insurance industry is rapidly evolving from a risk transfer model toward a more active prediction and prevention model. Thanks ...

Forbes contributors publish independent expert analyses and insights. Monica Sanders covers climate justice and sustainability from the DMV. As climate change accelerates, so does the need for ...

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.

Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

Scores of stakeholders from government institutions have undergone training in parametric insurance and disaster risk ...

Risk management is critical to business success, and using a risk maturity model gives companies the assessment tools they need to ensure they're prepared to manage risks effectively. Risk maturity is ...

The Hanover Insurance Group gets its prior buy rating reaffirmed, agreeing with today's consensus from Wall Street and Seeking Alpha analysts. Top-line growth factors help move the needle to a bullish ...