Reinsurance

April 2016 Preview: Historical Catastrophe Activity

Between 1950 and 2013, the month of April saw more violent tornadoes—EF4 and EF5—than any other month. Over the past ten years, there have been 267 tornadoes on average in April in the United States. The April 2011...

March 2016 Preview: Historical Catastrophe Activity

During the month of March between 2006 and 2015, Property Claim Services ® (PCS ® ) designated 28 weather-related catastrophe events. Those events caused approximately $12 billion in insured losses and resulted in 2.1...

February 2016 Preview: Historical Catastrophe Activity

From 2005 through 2015, Property Claim Services ® (PCS ® ) designated 29 catastrophes during the month of February, which included 27 weather-related events and two workers' compensation events, collectively causing...

ILS Trend Tracking: FY 2015

FY 2015 Catastrophe Bond Lite Issuance by Trigger Type Source: PCS, Artemis Deal Directory After a grueling four-month-long march that began in Monte Carlo, the January 1, 2016, reinsurance renewal is pretty much behi...

January 2016 Preview: Historical Catastrophe Activity

Property Claim Services ® (PCS ® ) has designated 15 catastrophes, 11 winter storms, and four wind and thunderstorm events during the month of January since 2006, resulting in $5.7 billion in insured losses. The large...

PCS publishes new report on catastrophe claims planning and response management

Managing catastrophe claims operations requires coordination and planning, often on a massive scale. Property Claim Services ® (PCS ® ) has published a new benchmarking study, PCS Personal Lines Catastrophe Claims...

December 2015 Preview: Historical Catastrophe Activity Over Past Decade

The 2015 hurricane season ended November 30. This has been a relatively quiet season for the Atlantic Basin, with only one catastrophe, Tropical Storm Bill, declared in June for the states of Texas and Oklahoma. The...

November 2015 Preview: Historical Catastrophe Activity

On November 30, the 2015 hurricane season comes to an end. So far this year, only one catastrophe has been designated as a tropical event, Tropical Storm Bill, which impacted Texas and Oklahoma in June and resulted in...

The view from Q4-cat frequency over severity, data housing, and more

In an interview with WRIN TV , Joe Louwagie, assistant vice president, Property Claim Services (PCS) discusses the importance of accessing and accurately using data to make the best underwriting and rate-making...

ILS Trend Tracking: Q3 2015

With the Rendez-Vous de Septembre behind us, the January 1, 2016, reinsurance renewal season has begun. The topics covered at the countless 30-minute meetings last month varied greatly, reflecting both industry trends...