Search
 

Verisk Offers New Catastrophe Index

Verisk Analytics, Inc., announced the launch of the Verisk Catastrophe Index, a new service providing loss estimates of insured property damage after catastrophes.

By staff Writer | Updated on July 25, 2010

Verisk Analytics, Inc., announced the launch of the Verisk Catastrophe Index, a new service providing loss estimates of insured property damage after catastrophes. Verisk is a provider of risk assessment solutions and an important participant in the insurance-linked capital markets through its Property Claim Services (PCS) and AIR Worldwide brands.

The Index builds upon PCS’s 60 years of insured property loss estimation experience and AIR’s more than 20 years of catastrophe modeling expertise to generate estimates of insured property losses by county and by line of business following PCS-designated catastrophes.

The index allows for better tailoring of catastrophe risk transfer instruments while enhancing transparency thanks to its loss-based trigger mechanism. By focusing coverage only on those counties and lines of business where they have exposure, cedents can reduce their basis risk and ensure that they pay only for the protection they need.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.