February 20th, 2018

Managing Catastrophe Model Change

Posted at 9:38 AM ET

thumbanil

Incorporating new hazard and claims insights can improve the estimates derived from catastrophe models. By re-analyzing historical events using the latest scientific methods or refining claims with more granular geographical and line of business breakdowns, we can update models with the latest expertise and data. But model changes that yield large swings in loss estimates for frequent events must be carefully scrutinized to understand assumptions and processes in order to truly support ownership of risk.

Click here to read the rest of the article >>

Click here to register to receive e-mail updates >>

AddThis Feed Button
Bookmark and Share


Related Posts