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Verisk Maplecroft’s new Strikes, Riots, and Civil Commotion (SRCC) model for the United States is the market’s first probabilistic SRCC catastrophe model. Since 2017, SRCC has led to $10bn of insured losses, compared to $1bn for terrorism. Civil unrest in the US recently hit the headlines in Los Angeles. In 2020, SRCC topped $3bn in industry-wide insured losses. A one in 100-year event, in Verisk Maplecroft’s catalogue, would be more than twice as severe. Two guests feature for this special episode in association with Verisk Maplecroft: Sam Haynes, Head of Data and Analytics; and Torbjorn Soltvedt, Associate Director, Global Risk Insight, Verisk Maplecroft.
Verisk Maplecroft’s new Strikes, Riots, and Civil Commotion (SRCC) model for the United States is the market’s first probabilistic SRCC catastrophe model. Since 2017, SRCC has led to $10bn of insured losses, compared to $1bn for terrorism. Civil unrest in the US recently hit the headlines in Los Angeles. In 2020, SRCC topped $3bn in industry-wide insured losses. A one in 100-year event, in Verisk Maplecroft’s catalogue, would be more than twice as severe. Two guests feature for this special episode in association with Verisk Maplecroft: Sam Haynes, Head of Data and Analytics; and Torbjorn Soltvedt, Associate Director, Global Risk Insight, Verisk Maplecroft.