Centro de Documentacion de Fundación MAPFRE - Frequent changes to catastrophe models : the far-reaching impact

MAP20120012837

Frequent changes to catastrophe models : the far-reaching impact / Liz Lotz, Zack Schmiesing

Sumario: The 2011 catastrophe year will certainly be one for the record books. According to estimates by Swiss Re, the industry absorbed over US$108 billion in insured losses globally from over 550 events. But possibly the greatest catalyst for future business implications came not from losses but from the release of catastrophe model vendor RMS RiskLink® version 11.0 North Atlantic hurricane and European windstorm models. The leveraging of extensive data sets from recent windstorm catastrophe activity has resulted in dramatic swings in portfolio loss estimates, forcing the industry to reassess its position and reliance on modeled loss metrics for exposure risk management and underwriting. Because loss estimates pertain to reinsurance strategies as well as capital requirements and dynamic financial analysis, the impact will be far reaching

En: Emphasis. - New York : Towers Watson, 1987-. - 28/03/2012 Número 1 - 2012 , p. 26-29

1. Catástrofes naturales . 2. Seguro de riesgos extraordinarios . 3. Reaseguro . 4. Gerencia de riesgos . I. Schmiesing, Zack . II. Título.