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 ...

Ruin theory has emerged as a pivotal branch of actuarial science, offering a robust mathematical framework to quantify the risk of insolvency in both insurance and financial contexts. At its core, the ...

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, ...

The RBI has approved a landmark shift from flat-rate to risk-based deposit insurance premiums. Learn how this new framework ...

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 ...

In the housing market, consumers need more tools to assess risks from climate change. As insurers improve their risk ...

Insurance risk is the probability of an adverse event that causes an insurance claim. Learn how business insurance risk is ...

Boston’s snowy streets and sidewalks suggest it’s the last place you’d find a discussion about wildfires and insurance. And yet, a little-known company here says it’s trying to solve California's ...

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 ...

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 ...