Extreme Event Risk

Liability Models for Arium Platform

Arium liability models—which include scenarios for historical events as well as emerging and emergent risks—use an extensive supply chain network to represent the domino effect of liability rippling out from one industry to affect many others.

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Do you know what types of casualty accumulations are hidden in your portfolio?

Liability events have the potential to cross many lines of business and produce catastrophic losses, especially in today’s interconnected global economies. Conditions that result in significant liability losses can be slow to develop and difficult to anticipate.

Understand your liability risk

Arium liability models enable insurers to evaluate their portfolios and better monitor their risk accumulation across all types of business.

Prepare for events whose scope exceeds historical experience

When a company collapses spectacularly, like Enron in the early 2000s, or a nationwide health crisis affects multiple industries, like the lingering effects of asbestos, robust liability models are needed.

Evaluate many different sources of liability risk

Arium casualty models capture risk from a wide range of casualty scenarios, including product liability, financial misconduct, industrial accidents, cybercrimes, component or ingredient irregularities, and other types of operational risks.

See impacts on related lines of business

The detailed economic network in Arium lets you visualize interconnections between related industries to help make sense of how a significant liability event in one industry can spread to affect the larger global economy in previously unforeseen ways.

Features and capabilities

Historical casualty scenarios

Developed with data from Advisen, these scenarios are based on detailed, company-specific data for tens of thousands of commercial establishments.

Analysis for many different sources of casualty risk

Arium casualty models cover multiple lines of business and capture risk from a wide range of casualty scenarios, including product liability, financial crises, industrial accidents, and component or ingredient irregularities.

Insight into criminal activity

The scenarios and models in Arium include fraud, Ponzi schemes, and other forms of financial misconduct, as well as cyber crimes.

Related resources

Learn more about Verisk’s liability modeling solutions.

Documentation

Extreme Event Solutions Client Portal

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

Article

Emerging Issues: PFAS

Learn about PFAS, a commonly found chemical that could be next asbestos.

Read the article

Article

Property Liability Clash Emerging Liability Exposures Resulting from Natural Catastrophes

Natural catastrophes are not only having a significant impact on insurers’ property portfolios but have also increasingly begun to spill over.

Read the article

Article

Generative AI In Focus, Part I: Is Generative AI Generating Liability Risks?

Generative AI’s (GAI) capacity to potentially influence a range of liability risk exposures might arise from possible flaws in its training data or outputs.

Read the article

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 harnesses the Verisk data and analytics product ecosystem to support the research and development of a broad range of liability catastrophe models.

Contact us to learn more

Telephone support is available at the following offices, please call your local provider at one of the listed numbers below:

Support numbers:

Boston +1 6172676645

London: +44 (0)20 37640300

Munich: +49 (0)89 2323735 0

Hyderabad: +91 40 66002266

Beijing: +86 10 5965 2780

Singapore: +65 6249 0770

Tokyo: +81 (0)3 6551 2840

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Liability Models for Arium Platform

Do you know what types of casualty accumulations are hidden in your portfolio?

Understand your liability risk

Prepare for events whose scope exceeds historical experience

Evaluate many different sources of liability risk

See impacts on related lines of business

Features and capabilities

Historical casualty scenarios

Analysis for many different sources of casualty risk

Insight into criminal activity

Related resources

Extreme Event Solutions Client Portal

Emerging Issues: PFAS

Property Liability Clash Emerging Liability Exposures Resulting from Natural Catastrophes

Generative AI In Focus, Part I: Is Generative AI Generating Liability Risks?

About Catastrophe Modeling

Certified Extreme Event Modeler (CEEM) Training

Research Publications from Extreme Event Solutions

Do more with the Verisk ecosystem

Emerging Issues and Government Relations

Streamlined reinsurance pricing and portfolio management

A scenario-based loss assessment framework

Contact us to learn more

Support numbers: