Models · · 2 min read

Catastrophe Models Become Macro-Prudential Concern, Report Warns

Global insurance regulators warn that inconsistent modeled probable maximum loss (PML) standards and widening data gaps in emerging markets are turning catastrophe modeling into a macro-prudential concern as protection gaps deepen and risks shift toward governments and banks.

Catastrophe Models Become Macro-Prudential Concern, Report Warns
Photo by Jakub Żerdzicki / Unsplash

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