A new breed of casualty cat models

Published in: Risk Models, Cat risk, Environment, Reinsurance, US - Canada - Bermuda, Software - IT

Companies: AM Best, Willis Re, Amlin, Swiss Re, Arium, Dun & Bradstreet, Endurance, Praedicat

Modelling of a casualty or liability catastrophe has traditionally lacked the sophistication seen in the property cat world, despite its potential for harming insurers. The industry and regulators are waking up to this threat and new solutions are being developed. Christopher Cundy reports

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