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Why RMS Revised Its Hurricane Model

On June 2, the Florida Commission on Hurricane Loss Projection Methodologies approved a new hurricane model from Risk Management Solutions. In an article written in March, just after the February model-release, Chief Research Officer Robert Muir-Wood offers a closer look at the model and the science behind it

By Robert Muir-Wood | Updated on June 10, 2011

Risk Management Solutions released a new hurricane model earlier this year. Chief Research Officer Robert Muir-Wood offers a closer look at the model and the science behind it.

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Catastrophe models, in contrast to highly predictive auto-claims models, have a relatively small number of historical data points. That means cat-modeling methods and data must continue to advance.

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