The extraordinary events of the last two years==producing $100 billion of catastrophic claims==will require catastrophe modelers to modify assumptions about storm frequencies and intensities, a modeling firm executive told insurers.
And changes in carriers' planning for the future will be needed as well said Hemant Shah, president and CEO of Risk Management Solutions.
Mr. Shah, who spoke Friday during a session of the 17th Annual Property-Casualty Insurance Conference in New York, said, modelers recalibration to enhance their projections must reflect the tremendous amount of claims experience of the last two years and that users need to ensure that data is appropriately characterized and complete.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
