MIAMI—In effort to predict exposure in catastrophic storm, insurance companies run new models every few years. These predictions help determine how much capital they need on hand to handle, say, a massive hurricane.
To draw these conclusions, analysts rely on various data points, including water temperature trends, climate information, and of course, past claims. In July, the latest model, the 13.0 version, came online.
The new model offers good news: potential losses may not be as severe as they have been for the past three years. And that, in turn, could lead to lower premiums over the next six to 12 months.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
