Risk models offer invaluable insights into the likelihood of losses resulting from these catastrophic events. (Credit: Summit Art Creations/Adobe Stock) Risk models offer invaluable insights into the likelihood of losses resulting from these catastrophic events. (Credit: Summit Art Creations/Adobe Stock)

The Wall Street Journal recently published an article that examined the role of risk models in property & casualty (P&C) insurance; in combating growing losses from climate, natural catastrophe, and extreme-weather risks.

Catastrophe and risk models serve as the bedrock for evaluating and quantifying potential risks of a property or portfolio of properties. When it comes to the growing threat of natural catastrophes, risk models offer invaluable insights into the likelihood of losses resulting from these catastrophic events.

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