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Photo: Getty Images Recent reports suggesting some firms are applying downward pressure on the outputs of catastrophe risk models raise difficult questions that insurers’ boards and senior managers should consider now. A recent article in the Financial Times reported that a number of insurance professionals had raised concerns about catastrophe risk modeling.
Recent reports suggesting some firms are applying downward pressure on the outputs of catastrophe risk models raise difficult questions that insurers’ boards and Senior Managers should consider now. An article in the FT this week reported that a number of insurance professionals had raised concerns about catastrophe risk modelling. Catastrophe models help insurers estimate exposure to floods, hurricanes and wildfires across large portfolios and major projects.
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