RMS

The loss is based on modelled outputs, as opposed to an initial loss estimate.

Exposure updates played a greater role than expected.

The vulnerability updates are the biggest driver of loss changes.

Up-to-date building codes could reduce the amount insurers pay in the Caribbean by 18%, according to the risk modeller.

The cat bond will provide indemnity coverage on a per occurrence basis.

The founding members include Munich Re, Gallagher Re, and BitSight.

The National Flood Insurance Programme could face a loss of around $500mn from the hurricane, according to the estimate.

The update projections for wind only show a 20% likelihood of losses approaching $11.7bn.

The risk-modelling expert has served at RMS for almost 19 years after joining as a graduate trainee.

The insured losses include those to private insurers as well as to the Turkish Catastrophe Insurance Pool.

RMS pushed the guidance for the Carolinas component of the Ian loss $120mn higher at the mean level up to $1.94bn, as it updated figures on Saturday in private figures to clients.

The storm is not expected to be a threat to the order of Jebi or Hagibis.