GlobeNewsWire
01 Jun 2026, 12:45 UTC · 1h ago
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Verisk has updated its U.S. Tropical Cyclone model to reflect a 'near-present' climate view incorporating global warming and recent storm behavior. — Updating risk models to reflect higher current climate risks typically leads to higher insurance premiums and revised capital requirements for reinsurers and ILS markets.
+0.40The new model provides more accurate quantification of losses specifically driven by storm surge in coastal areas and rainfall-driven inland flooding. — Improved granularity in loss drivers allows for more precise pricing and potential shifts in risk appetite for high-exposure regions like the U.S. Gulf Coast.
+0.30Verisk is delivering these updated models via its new cloud-native 'Synergy Studio' platform to enable faster insights and high-performance computing for large portfolios. — Transitioning to a cloud-native platform improves operational efficiency and scalability for Verisk's clients, potentially increasing the platform's adoption.
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The company announced a major update to its hurricane risk modeling and a new cloud-native platform, demonstrating product innovation and technological advancement.
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Reuters
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