Description: The research provides a modeling framework for assessing the inundation risk of properties and their expected flood damages, thereby laying a foundation for flood insurance pricing. The researchers studied over 50 years of claims data from the National Flood Insurance Program with 2.5 million records and identify property characteristics that predict flood damages for inundated properties. The development of a private flood insurance market benefits from insurers’ ability to better understand and price flood risk. This research takes a closer look at flood risk modeling and flood insurance pricing.

Description: This document is a Request for Proposals (RFP) issued by the SOA Research Institute focusing on advancing catastrophe modeling and sustainability in Asia, particularly in ASEAN markets. It outlines research objectives, proposal requirements, selection process, submission details, and other pertinent information for interested researchers.

Description: An introductory article for the December 2023 issue of the General Insurance Insights e-newsletter.

Description: This article provides an update on recent activities from the General Insurance Research Committee.

Description: This article provides an overview of the issues behind the availability and affordability problem with property insurance in the states of Florida and California.

Description: This report provides a general introduction, a brief summary and a list of references that include various articles, papers, program proposals and legislative notes that provide additional insight into the following topics related to Business Interruption Insurance and the effects of the coronavirus (COVID-19) pandemic on its current and future state of coverage: • General Information on Business Interruption Insurance • Legal Actions • State and Federal Legislation • Proposed Private/Public Partnerships for Future Pandemics as they Relate to Business Interruption Insurance • Impact of COVID-19 on Businesses, Insurers and Reinsurers: Magnitude of Losses and Future Business Interruption Coverage • Future of Insuring a Pandemic

Description: Article looks at various catastrophic events in past years specifically around insurance claims and the negative impact this has had on the insurance/reinsurance industries. It suggests better communication strategies for companies when dealing with the public.

Description: Bodily injury coverage pays for injuries and lost work time caused to another person while the insured person is operating a vehicle whether or not the injured person(s) are in a vehicle