From Yahoo Finance: 2025-05-01 08:14:00

Verisk introduces a new catastrophe model to assess financial impacts of strikes, riots, and civil commotion (SRCC) in the US. The model helps underwriters and risk managers evaluate SRCC risks across the country. It includes a 500,000-year stochastic event catalogue to capture frequency and severity of unrest-related losses at the ZIP Code level.

The model estimates event severity by considering socio-economic trends, political conditions, and historical protest activity. It reduces reliance on historical data and subjective methods for exposure and catastrophe teams. Insurers can use the model to estimate SRCC losses at local and enterprise levels, supporting underwriting guidelines and stress testing through extreme event scenarios.

Verisk’s SRCC model is accessible via the Touchstone platform, offering insights to insurers covering political violence and terrorism risks. The model aims to enhance underwriting strategies, facilitate informed decisions on insurance pricing, and enable effective risk management and mitigation. Verisk recently acquired Simplitium, a Nasdaq subsidiary, to expand its catastrophe modelling capabilities with an open ecosystem for specialised model partners.



Read more at Yahoo Finance: Verisk unveils catastrophe model to assess political risk in US