Australia Cyclone Reinsurance Pool Continues to Face Model, Structure Challenges
The Australian government says that its new reinsurance pool -- built to address cyclone risks -- faces conflicts and confusion in modeling and claims parameters.
The Australian government says that its new reinsurance pool -- built to address cyclone risks -- faces conflicts and confusion in modeling and claims parameters.
California’s insurance commissioner says reviews will take time, including how much of the model can be disclosed.
Both capital capacity and modeling limitations mean that the private insurance and reinsurance industry will sit on the sidelines of global pandemics.
New data shows that catastrophe model users in the global insurance domicile are increasingly hedging their bets against catastrophe model predictions.