Lloyd's develops liability model with Arium

Lloyd's has collaborated with modelling firm Arium to develop a
probabilistic model for long-tail liability exposures.
The new approach categorises casualty events based on a
company's business activities - which includes its products and
services, operations and infrastructure - and maps the economic
relationships that reflect the journey of products and services
through the economy, Lloyd's said.
The methodology is the result of a three-year collaboration
between Lloyd's and Arium and breaks l