Herding cats : competitive underwriting of catastrophe-exposed property risks a teaching case

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<title>Herding cats</title>
<subTitle>: competitive underwriting of catastrophe-exposed property risks  a teaching case</subTitle>
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<namePart>Medders, Lorilee A.</namePart>
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<dateIssued encoding="marc">2025</dateIssued>
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<abstract displayLabel="Summary">This teaching case examines the competitive underwriting of catastrophe-exposed property risks within the U.S. insurance market. Using a practical approach based on a simulation game (PCAT), the document guides readers through evaluating underwriting decisions, pricing, geographic diversification, capital management, and reinsurance strategies in a highly uncertain and competitive environment. The case introduces key concepts such as catastrophe risk, the probability of extreme losses, and portfolio strategies, helping readers understand the operational and strategic challenges faced by insurers operating in high-catastrophe-exposure markets</abstract>
<note type="statement of responsibility">Faith R. Neale and Lorilee A. Medders</note>
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<topic>Gerencia de riesgos</topic>
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<topic>Riesgos catastróficos</topic>
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<topic>Suscripción de riesgos</topic>
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<topic>Seguro de daños patrimoniales</topic>
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<topic>Toma de decisiones</topic>
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<topic>Mercado de seguros</topic>
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<title>Risk management & insurance review</title>
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<publisher>Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-</publisher>
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<identifier type="issn">1098-1616</identifier>
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<text>20/10/2025 Volume 28 Number 3 - 2025 , p. 363 - 381</text>
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