Catastrophe Modeling: A vital tool in the risk management box

Wednesday, March 5th, 2008 Catastrophe Property

Catastrophe modeling is a risk management tool that uses computer technology to help insurers and reinsurers as well as business and government agencies better assess the potential losses caused by natural and man-made catastrophes. The modeling process evolved in the late 1980s as companies became increasingly aware of their exposure to catastrophic risks.

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http://www.iii.org/media/research/catmodeling/

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