Tag: Catastrophe Modeling

AI-Driven Models Revolutionize Homeowners Insurance Risk and Claims Management

Discover how AI and machine learning are transforming homeowners insurance with precise risk prediction, proactive prevention, and faster claims processing amid rising climate-related hazards.

Moody's Model Highlights U.S. Flood Insurance Protection Gap Amid NFIP Lapses

Analysis by Moody's RMS reveals significant flood insurance undercoverage in U.S. residential properties and examines impacts of NFIP lapses with rising flood risks.

ValueMomentum Named Leader and Star Performer in 2025 P&C Insurance IT Services

ValueMomentum recognized as a Leader and Star Performer in Everest Group's 2025 PEAK Matrix® for P&C Insurance IT services, highlighting its expertise in underwriting, claims, and AI-driven solutions.

Verisk Reports Sharp Rise in Catastrophe Losses; NJ Workers’ Comp Managed Care Focuses on Specialized Networks

Verisk's 2025 report highlights a 25% rise in global annual catastrophe losses driven by frequent smaller events. NJ's workers' comp sector emphasizes specialized Managed Care Organizations for improved occupational injury care and claim outcomes.

Mercury Insurance Expands Climate Science Team to Enhance Catastrophe Risk Strategy

Mercury Insurance appoints Steve Bennett to lead a climate science team, enhancing risk mitigation and underwriting in high-risk property and casualty markets.

U.S. Insurance Sector Advances with New SRCC Model and AI-Driven Analytics

Explore recent U.S. insurance industry innovations including Verisk's SRCC catastrophe model, Clearwater Analytics' acquisition of Beacon, and Willis Towers Watson's AI-driven Radar Vision tool enhancing underwriting and risk analytics.