The Multiple-Model Approach to Catastrophes
Insurers are finding that multiple views may be best when modeling for natural disasters.
November 1, 2011
It's a given that catastrophe models play a key role in helping insurers estimate the losses that could result from cat events such as earthquakes and hurricanes. But these models don't work in isolation. To get even more accurate assessments, insurers increasingly are using them in conjunction with other models-commercial or homegrown-and with data from other sources such as satellite and radar systems.
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