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 ...

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, ...

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

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

For the past many years, insurance AI has had one clear job, and that is to create claims at a faster pace. FNOL went digital ...

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.

California regulators and academic researchers have launched a partnership to develop what they say would be the nation’s first public model for predicting wildfire losses. Consumer groups have raised ...

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, ...