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Using Catastrophe Models and Other Tools to Assess Hurricane Risk NAIC Fall Meeting November 4, 2011 Background ? RMS V11 hurricane model was a wake-up call for the industry with respect to ? Over-reliance.

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Last Updated 3/30/2022. Issue: A catastrophe model (or “cat” model) is a computerized process that simulates potential catastrophic events and estimates the amount of loss due to the events.

Catastrophe modeling is a combination of modeling catastrophe footprint on exposures and linking them to insurance and reinsurance business activities. The process uses computer-assisted calculations to estimate the losses that could be sustained due to a catastrophic event, such as a hurricane or earthquake.

There are four basic modules to catastrophe modeling: Event, Hazard or Intensity, Vulnerability and Financial.

Catastrophe modeling allows insurers and reinsurers, financial institutions, corporations, and public agencies to evaluate and manage natural and man-made catastrophe risk from perils ranging from earthquakes and hurricanes to floods and wildfires.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232