Press Release

Arium Limited, the specialist risk modeler to the insurance industry and Advisen, the leading provider of data, media, and technology solutions for the commercial property and casualty insurance market, today announced a strategic partnership to build casualty accumulation scenarios, using Advisen loss event data and Arium’s unique modelling tool, to assess insurance portfolio exposure to catastrophic casualty risk.

Arium has capitalized on the largest casualty clash catastrophe examples from Advisen’s database of high severity/low frequency losses to inform their realistic disaster scenarios (RDS) and create the world’s most effective tool to help insurance entities model their exposure to historic and emerging casualty catastrophes. As a result, Arium clients can now understand and stress test how their specific risk portfolios might be exposed to developing casualty accumulations.

“The Advisen data set is the best we’ve found for modeling historic casualty risk,” says Robin Wilkinson, CEO of Arium. “It has enabled us to develop multiple scenarios that can be stress tested and adjusted by clients, which include events such as Deepwater Horizon, the asbestos problem, Enron and LIBOR manipulation, ensuring scenarios are available that are directly relevant to most casualty risk portfolios.”

“Arium enables analysts and executives to visualize the business relationships that underlie casualty catastrophes and to map them to an insurer’s or a reinsurer’s own portfolio of casualty business,” explains Dave Bradford, Advisen co-founder and Director of Strategic Partnerships. “This partnership leverages the strengths of both companies to bring insurers and reinsurers an important new tool to manage their casualty accumulations.”



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