Category Archives: Property

Seasonal climate forecast for Europe

A thermometer in a window, showing a temperature of -25°C

At this time of year, in the midst of contract renewals, property insurers are keeping an eye on the long-range forecasts for the rest of the winter in Europe. We’ve all seen the headlines in the tabloids about the next … Continue reading →

Hurricane Harvey – More exposures in the mix than just water and wind!

The full damage and devastation caused by Hurricane Harvey is not yet known and will likely be felt for months to come. While the most pressing issues facing Insureds at this time are the devastating impacts of water and/or wind … Continue reading →

How can insurers find real value in their predictive models? Experiment thoughtfully with practical implementation top of mind.

There’s a lot of conversation about new modeling approaches and novel sources of data poised to revolutionize insurance. This extraordinary industry transformation actually began about a decade ago. Analytical methods such as generalized linear models (GLMs) and decision trees were … Continue reading →

Climate risk: The $35 trillion question

As Donald Trump’s presidency gets underway and Britain begins its painful divorce from the E.U., it would be all too easy for major corporations to focus solely on navigating political volatility. But a 2015 report from the University of Cambridge’s … Continue reading →

Architect and Engineers and the standard of care

True or False? The standard of care of a design professional is perfection. When we ask this question to a room full of architects and engineers they typically chuckle and get this one right. The answer of course is “No” … Continue reading →

The construction insurance marketplace

Expectations for construction risks: Rates, terms and conditions Continue reading →

Matthew

The deadliest hurricane in 11 years has struck around a fortnight ago. After tearing a path through the Caribbean, across Haiti and Eastern Cuba, through the Bahamas and then along the east coast of the U.S., it was finally absorbed … Continue reading →

Winter storms and hurricanes, all of an afternoon

A forecast given by a long-range climate model differs to that of a short-range weather model, as it expresses the likelihood of all possible outcomes rather than just one solution. Continue reading →

The risk manager of the future

Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →

Guide to property insurance for financial institutions

It is easy to be fooled into thinking that property insurance is straightforward. That would be a mistake. Continue reading →