RMS

🏘 Take the guesswork out of residential #underwriting with Moody's Underwriting Solutions, and assess 100+ risk scores, loss costs, property, and hazard data points for each residential location. ❓ Want to see how it works? Click here https://lnkd.in/erfVg_62 and select a property location from the map to find out which data points are available to flow directly into your underwriting process via our Moody's Location Intelligence API. 👉 Want to find out risk data for your locations? Find out more about Moody's Underwriting Solutions here, and access more property insights: https://lnkd.in/erfVg_62

🗞 In an article covering the recently released Moody's RMS insured loss estimate for Hurricane Beryl, Reinsurance News covers Rajkiran Vojjala's comments, as he looks at additional impacts apart from the wind and water modeled damage from Beryl. Raj suggests that numerous treefall-related damages, infrastructure washouts to roads and railways, power outages, and tornado-related damages could exacerbate damage, prolong repairs and business interruption, and cause pockets of claims inflation. 👉 Read the article in Reinsurance News here: https://lnkd.in/e7twj-DC Read the full Moody's RMS Event Response Hurricane Beryl insured loss estimate media announcement here: https://lnkd.in/eWWbfJvb #beryl #hurricaneberyl #insurance #reinsurance #insurancenews #texas

📢 MEDIA ANNOUNCEMENT 📢 Moody’s RMS Event Response Estimates U.S. Private Market Insured Losses for Hurricane Beryl 🗞 Read the full media announcement here: https://lnkd.in/eWWbfJvb #insurancenews #hurricane #beryl #riskmanagement #insurance #reinsurance #ils #texas

🌪 As major #HurricaneBeryl dissipated after the remnant tropical depression moved over the U.S. Midwest and into #Canada, Beryl left a legacy of three #hurricane-strength landfalls in #Grenada, #Mexico, and #Texas. An eight-time #hurricane record breaker, Beryl is the earliest rapid intensification (a #tropicalstorm depression to a Category 4 #storm in just 48 hours), the earliest Category 5 hurricane, and the strongest hurricane in June and more. With such an early start to the hurricane season with an event as intense as Beryl, Shaheen Razzaq, Ben Brookes, and Luke Norman show how Moody's is helping #insurers address the requirement for timely and accurate #data to guide decisions and mitigate impacts, and how real-time event monitoring and analysis are now crucial. Read their blog here ➡ https://lnkd.in/ee-aPDdi

🤝 A warm welcome to two Howden Re analysts joining our team as part of a three-month reciprocal early #careers #talent exchange program. This inaugural trial program sees two analysts from Moody’s Insurance Solutions team joining Howden Re’s International Treaty Team, and two analysts from the International Treaty Team joining the Insurance Solutions team at Moody’s. Fostering professional development, career opportunities, training, and cross-pollination of knowledge between our organizations, it also builds on our partnership with Howden Re in leveraging Moody’s RMS high-definition (HD) natural catastrophe models alongside adopting the Intelligent Risk Platform™ and associated applications. Within Howden Re, our analysts will get hands-on experience on how Moody’s #risk analytics are used in a dynamic business environment and how our models and data facilitate effective risk transfer. We are also indebted to our many #interns working with us this summer, and looking forward to September, we are getting ready to welcome our 2024 #graduate program intake. 🗞 Read the full announcement here: https://lnkd.in/g-x6NtQx #earlycareers #insurance #reinsurance #riskmanagement #2024graduate

❓ How are #insurers preparing to manage #cyber catastrophes? According to Moody’s Insurance Solutions Insured Exposure Database, a scenario such as a 1 in 250-year #Wiperware attack impacting the U.S. would see losses exceeding US$14 billion - surpassing current global cyber insurance premiums. And, unlike most natural catastrophes, a cyber attack has the potential to spread beyond a specific location and may also grow over time. 📅 We explore what insurers should do to prepare for a cyber catastrophe in a free #webinar tomorrow (Thursday, July 11, 2024, 10:30 a.m. EDT | 3:30 p.m. BST) in partnership with Insurance Insider. We will cover the possible scenarios: What could a cyber catastrophe look like, could it threaten the solvency of the cyber #insurance market, and how are cyber #models evolving? And, looking at opportunities, how can growth accelerate in the cyber insurance market, and manage current challenges, including potential capacity constraints with incident response, and what role can cyber insurance-linked securities (#ILS) play? Meg Green from Insurance Insider moderates an expert panel including Damini Mago, Simon Dejung from AXIS (AXIS Capital), Oliver Brew from Lockton Re, and Dr. Stephan von Watzdorf from Swiss Re. Register now and join us tomorrow, click here: https://lnkd.in/dm4GRtkc #riskmanagement #webinar #reinsurance #cyberinsurance

🌀 As mentioned in an earlier Moody's RMS Event Response blog, Major Hurricane Beryl’s strength and timing has already broken eight records, including the earliest rapid intensification (a tropical storm depression to a Category 4 storm in just 48 hours), the earliest Category 5 #hurricane, and the strongest hurricane in June. An article in Canadian Underwriter suggests Canadian P&C insurers are still cleaning up damage after the losses of Hurricane Fiona in 2022 along Atlantic Canada’s coast and if Beryl portends a strong hurricane season, the article looks at whether this should have the attention of Canadian insurers with exposure along the Atlantic #Canada coast. 🗞 Read the article in Canadian Underwriter, including comments from Robert Muir-Wood here: https://lnkd.in/eTWcek95 Read the original Major Hurricane #Beryl blog from Sarah Hartley and James Cosgrove here: https://lnkd.in/e7tM7iGu

📢 EVENT RESPONSE: TROPICAL DEPRESSION BERYL 📢 🌀 After Hurricane #Beryl made landfall as a Category 1 #hurricane near Matagorda Bay, #Texas at around 09:00 UTC (04:00 local time) on Monday, July 8, Beryl has weakened to a tropical depression and is now inland over southwestern Arkansas. It is expected to continue tracking northeast throughout Tuesday, July 9, and is expected to bring heavy rainfall to parts of the lower and middle Mississippi Valley and Great Lakes. At its Texas landfall, Beryl had maximum sustained winds of 80 miles per hour (130 kilometers per hour), a central pressure of 979 hPa, and brought hurricane-force winds and life-threatening storm surge to the central Texas coast on Monday, July 8. Flash and urban flooding, storm surge, and a tornado have damaged properties and infrastructure across parts of the middle and upper Texas Gulf Coast and eastern Texas. Beryl had previously made landfall as a Category 2 hurricane near Tulum on Mexico's #Yucatán Peninsula on Friday, July 5, and as a Category 4 major hurricane over Grenada's #Carriacou Island on Monday, July 1. 👉 Keep ahead of Hurricane Beryl with regular updates when published on the Moody's RMS Event Response pages here: https://lnkd.in/d5ACRZmq and clients can access more information, including HWind data (license required) on our support site here: https://support.rms.com/ #riskmanagement #insurancenews

🌀 Hurricane Beryl made landfall as a Category 1 hurricane near Matagorda, Texas (90 miles or 145 kilometers southwest of Houston), according to the National Hurricane Center (NHC) update released at 04:00 CDT | 09:00 UTC. At landfall, it had maximum sustained winds of 80 miles per hour (130 kilometers per hour) and a central pressure of 979 hPa. It is the first hurricane to make landfall in the U.S. this hurricane season, and the first in Texas since Nicholas in September 2021. 👉 Keep ahead of Hurricane Beryl with regular updates when published on the Moody's RMS Event Response pages here: https://lnkd.in/d5ACRZmq and clients can access more information, including HWind data (license required) on our support site here: https://support.rms.com/ (Image: NOAA/NESDIS/STAR - GOES East)

🌡 Almost a year ago today, July 6, 2023, was the warmest day on record for the entire planet with a global average #temperature of 17.08 degrees Celsius (62.74°F). And from June 2023 to May 2024, monthly global temperature records have also been broken, for twelve successive months. In a new blog from Robert Muir-Wood, he highlights that it is not just the fact that there was a new record global temperature in July 2023, and monthly global temperature records have been set successively, it is also the margin by which the record was broken and broken month after month for a whole year. But what’s causing the rise❓ Robert states that there has to be a reason and a cause, for this warming year, and explores El Niño, the Tonga eruption in 2022, and the switch to low-sulfur fuels for #shipping. Read Robert's blog here ➡ https://lnkd.in/eNyRhMAX