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Catastrophe modeling [1] (also known as cat modeling) is the process of using computer-assisted calculations to estimate the losses that could be sustained due to a ...
In 2002, it expanded its decision analytics business with the acquisition of AIR Worldwide, a catastrophe modeling firm. [5] In 2004, it entered the healthcare market by acquiring several businesses, through which it offers analytical and reporting systems for health insurers, provider organizations, and self-insured employers.
Pitney Bowes Software Helps Insurers With Catastrophe Modeling and Risk Management During Extreme Weather Events ORLANDO, Fla.--(BUSINESS WIRE)-- Risk managers and reinsurance experts meeting in ...
CATMAP provided a catastrophe loss analysis system for treaty insurers and reinsurers in particular. [3] In late August 1992, AIR published results from its U.S. Hurricane Model that estimated insured losses for Hurricane Andrew's landfall in southern Florida could come to surpass $13 billion. The estimate, which was met with skepticism at the ...
The value of properties insured by the FAIR Plan totaled more than $458 billion as of September, up from $153 billion in 2020, according to the insurer's website.
Even in a heightened catastrophe environment in the third quarter, Chubb posted a stellar P&C combined ratio of 87.7% and return on tangible equity of 21.7%. Being able to maintain margins at ...
A year loss table (YLT) is a table that lists historical or simulated years, with financial losses for each year. [1] [2] [3] YLTs are widely used in catastrophe modeling as a way to record and communicate historical or simulated losses from catastrophes.
Andrew William Coburn (born 1956 in Chester, England) is known in the discipline of catastrophe modeling and is the director of the external advisory board for the Centre for Risk Studies at the University of Cambridge. [1]