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Sizable U.S. property insurance price hike only expected in wake of a record hurricane year: Fitch

June 2, 2016 by Canadian Underwriter

Hurricane losses in the United States equal to at least 15% of industry aggregate surplus in 2016 would likely promote a shift toward positive pricing movement, although any upward movement would be dampened by existing underwriting capacity for primary and

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$39 billion worth of private property at risk, in San Francisco, from 1-metre extreme tide and 1.68-metre rise in sea level: RMS

May 18, 2016 by Canadian Underwriter

In a possible but unlikely scenario of sea level rise, 1,160 private properties in San Francisco with a total exposure value of $20 billion, could be at risk in 84 years if no resilience measures are put in place, according

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Insured losses from Japan earthquakes in April could be between US$1.7 billion and US$2.9 billion

May 12, 2016 by Canadian Underwriter

Insured losses from the two earthquakes that struck Japan in April could be as high as US$1.7 billion to US$2.9 billion, with economic losses of US$5.5 billion to US$7.5 billion, industry experts suggested on Wednesday. Guy Carpenter & Company, a

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Houston, Texas airport has second wettest day on record: RMS

April 21, 2016 by Canadian Underwriter

Weather events this week in Texas may be producing “one of the most severe flood events” in history, in Houston, not caused by a tropical cyclone Risk Management Solutions Inc. stated Thursday. The Associated Press reported that the Houston area

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Major commercial buildings, seaside hotels in Ecuador likely of concern to insurance industry following earthquake: RMS

April 19, 2016 by Canadian Underwriter

The major commercial buildings and the many seaside hotels in Ecuador are likely to be of concern to the insurance industry following the recent magnitude-7.8 earthquake in the northwestern part of the country, according to the chief research officer at

News CatastrophesInsuranceTechnology

RMS launches app to model ‘cat-in-a-box’ deals

April 7, 2016 by Canadian Underwriter

Risk Management Solutions, Inc. (RMS) announced on Thursday that it has released the “first ever” app to model ‘cat-in-a-box’ deals. The cloud-based app extends the ability to independently assess and underwrite parametric contracts from a small group of cedant, brokers


Opta Information Intelligence Expands Their Innovations with the Launch of Inspection Score to the Canadian Insurance Marketplace

March 30, 2016 SCM Insurance Services

TORONTO – Opta Information Intelligence (Opta), creators of iClarify™ and Peril Score™ analytic solutions, are proud to expand their suite of services and innovations to the Canadian property and casualty (P&C) insurance industry with the launch of Inspection Score. This

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Brussels bombings show trend to target public transportation infrastructure: RMS

March 28, 2016 by Canadian Underwriter

The terrorism bomb blasts last week in Brussels “are a somber reminder of the difficulty of preventing attacks against transportation infrastructure such as airports and metro or bus stations,” notes catastrophe risk modelling company Risk Management Solutions (RMS). “As security