Closing the protection gap: Natural disasters have a knack for finding holes in property insurance

2018-06-27T11:50:49-04:00Tags: , |

Talk of the protection gap tends to focus on developing nations, but a recent report from global reinsurance intermediary Aon Benfield found that almost 50 percent of the losses sustained from natural disasters in the United States remained unprotected. It’s noteworthy considering the U.S. is one of the most insured countries in the world. [...]

Terrorism Risk Modeling: A Solution for Organizations looking for Premium Protection

2018-06-27T10:40:02-04:00Tags: , |

Catastrophe risk modeling began in the late 1980s and has evolved over the years to provide accurate calculations for organizations to estimate losses against a weather event like hurricanes, tornadoes or severe thunderstorms. Over time, the thinking behind this type of modeling has grown to envelop other types of catastrophes posing the potential to [...]

The Evolving Importance Of Catastrophe Modeling Data

2018-09-07T12:20:49-04:00Tags: , |

Catastrophe Modeling: A Benchmark for Determining Risk More and more, throughout the United States, complex software programs for catastrophe (CAT) modeling are serving as a benchmark for determining risk in various geographical areas. While not all property and casualty insurers rushed to adopt this approach, dramatic rises in certain estimates of loss coupled [...]