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.
The Political Risk Podcast