Apollo, the specialist Lloyd’s re/insurance group, has licensed six of Moody’s high-definition catastrophe models to strengthen its understanding of risk across multiple global perils.
The HD models include Europe flood and U.S. flood, North America wildfire, Europe severe convective storm and windstorm, and New Zealand earthquake.
In an increasingly complex risk landscape, the models provide detailed loss representations, enabling Apollo to enhance technical pricing considerations, refine capital allocation, reduce model uncertainty, and make more informed risk selection decisions.
Vinay Mistry, Chief Risk Officer at Apollo, said, “Moody’s HD catastrophe models and Intelligent Risk Platform are integral to our approach in building our comprehensive proprietary ‘View of Risk.’ These advanced models will continue to add to Apollo’s Modeling Framework, enabling seamless integration into underwriting and portfolio management strategies, enabling us to deliver our strategic plan. This partnership underscores our commitment to continue to lead in risk and underwriting management innovation by combining cutting-edge technology with robust analytics.”
Daniel Flemington, Managing Director – Insurance Solutions at Moody’s, added, “We’re proud to support Apollo’s strategy toward embedding greater risk innovation and resilience. The adoption of an extensive high-definition (HD) modeling suite using the applications on the Intelligent Risk Platform places thought-leaders like Apollo in an advantageous position to get deeper insights into risk, adapt quickly to emerging threats, all using technology that responds and grows with business needs.”
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