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.
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Models
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Space Weather Models May Be Measuring the Wrong Risk
A new model of solar-storm risk exposes a fundamental problem: the metric used to measure the hazard may not capture the forces that actually cause trillions of dollars in physical losses.
