Liability events have the potential to cross many lines of business and produce catastrophic losses, especially in today’s interconnected global economies. Conditions that result in significant liability losses can be slow to develop and difficult to anticipate.
Arium liability models enable insurers to evaluate their portfolios and better monitor their risk accumulation across all types of business.
When a company collapses spectacularly, like Enron in the early 2000s, or a nationwide health crisis affects multiple industries, like the lingering effects of asbestos, robust liability models are needed.
Arium casualty models capture risk from a wide range of casualty scenarios, including product liability, financial misconduct, industrial accidents, cybercrimes, component or ingredient irregularities, and other types of operational risks.
The detailed economic network in Arium lets you visualize interconnections between related industries to help make sense of how a significant liability event in one industry can spread to affect the larger global economy in previously unforeseen ways.
Developed with data from Advisen, these scenarios are based on detailed, company-specific data for tens of thousands of commercial establishments.
Arium casualty models cover multiple lines of business and capture risk from a wide range of casualty scenarios, including product liability, financial crises, industrial accidents, and component or ingredient irregularities.
The scenarios and models in Arium include fraud, Ponzi schemes, and other forms of financial misconduct, as well as cyber crimes.
Arium harnesses the Verisk data and analytics product ecosystem to support the research and development of a broad range of liability catastrophe models.
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