Extreme Event Risk

Arium Liability Analytics Platform

Quantify the impact of liability accumulations to your portfolios with the Arium scenario-based loss assessment framework.

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Understand liability risk as it applies to your whole portfolio

In the face of the increased frequency and severity of systemic and emerging liability risk events, your organization has many factors to consider, such as clash accumulation and benchmark risk exposure accumulation. You’ve also got options to weigh, like adjusting your risk appetite or incorporating a risk charge into your pricing.

Prepare for future events with Arium

The Arium approach utilizes supply chain relationships to build scenarios that reflect correlations between the casualty policies in your portfolio. This approach offers a transparent, flexible way to quantify the impact of liability accumulations across your organization.

Understand your exposure to risk from all sources

With Arium you can analyze and quantify the impact of many types of events such as financial, infrastructure, energy, construction defect, and large product liability events.

Improve your portfolio management

Identify growth opportunities as well as areas of high-risk concentration within your casualty portfolio by using Arium’s casualty analytics to estimate losses associated with different categories of casualty events.

Enhance your data

Arium can help you enhance your casualty exposure data by adding information on industry classifications, size metrics (e.g., revenue), and by providing unique corporate identifiers that can be used to better understand your clash potential.

Features and capabilities

Support for a wide variety of scenarios

Arium includes a catalog of 300+ known events and 15+ emerging risk events, with new scenarios added regularly and as new events occur.

Stochastic functionality to generate a range of insured losses

Features include support for a wide range of policy terms and conditions, including a reinsurance module.

Data augmentation service

Arium lets you clean and enhance your exposure data and facilitate more realistic modeling.

Related resources

Get insights on how Arium can help you manage liability risk from the experts at Verisk.

Documentation

Extreme Event Solutions Client Portal

Access client-confidential downloads, training, and documentation for Verisk's extreme event solutions model, software, and service offerings.

Brochure

Arium Liability Analytics Platform

Arium enables chief underwriting officers, chief risk officers, and chief actuaries to develop new, deeper insights on systemic and emerging risks you can use in a variety of use cases to improve portfolio management and pricing decisions.

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Resource center

Market Intelligence for Property/Casualty Insurers

Verisk's Emerging Issues helps insurers better understand new and emerging risks.

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Resources

About Catastrophe Modeling

In the case of rare but severe events, historical loss information is often unreliable in assessing future loss potential – that's where catastrophe modeling comes in.

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General trainings

Certified Extreme Event Modeler (CEEM) Training

Gain insight into the science behind natural catastrophes and a behind-the-scenes look at how catastrophe models are developed and validated.

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Research

Research Publications from Extreme Event Solutions

Verisk Extreme Event Models are developed by experts constantly innovating and driving discovery. Learn more about their groundbreaking work.

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Do more with the Verisk ecosystem

Arium has access to a diverse array of experts and proprietary datasets, including research services, claims and underwriting, actuarial services, and natural catastrophe modeling.