Catastrophe models involve a vast amount of data that help clients, insurers and reinsurers understand risks associated with property-catastrophe coverage and a range of other lines, according to experts at Aon Benfield. Having reliable, thorough data is crucial because clients need to "understand the value of what they risk transfer, their strategy for risk transfer, and how you price it," said John Moore of Aon Benfield Analytics.

Full Story:
Insurance Journal

Related Summaries