Coming Catastrophe Model Updates Are “Positive” For Industry: Conduit Exec
Conduit execs say that planned updates to industry external catastrophe models will bring them up to par with internal models.
Conduit execs say that planned updates to industry external catastrophe models will bring them up to par with internal models.
An update to the insures internal model would reduce its regulatory capital requirement by over NOK 2 billion.
Aon, ISO and academics submitted testimony in favor of North Carolina’s double digit storm insurance rate proposal driven by expected modeled losses.
New analysis says that banks with residential housing loans can withstand increased flood risk, but the insurance-based data could be “smoothing” the risk.
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.
New data shows that catastrophe model users in the global insurance domicile are increasingly hedging their bets against catastrophe model predictions.
In a terse response to questions federal lawmakers — including accusations that legislators are creating market “panic” — the Florida taxpayer-backed insurer says its finances are sound and questions surrounding it risk modeling practices misplaced.