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Unpacking Basis Risk
When catastrophe strikes, it is not unusual for the insurance payout to differ from the policyholder’s expectation. The possibility of such a…
Just Tell Me Whether Andrew is Coming
On Saturday, August 22, 1992, I met with Herb Saffir (coauthor of the Saffir-Simpson Scale) in his Coral Gables office, south of downtown…
Data Analytics: Fueling the Future of Insurance
Look around and you see the financial services industry being transformed by a newfound ability to tap into a vast amount of data, right at…
Taking Advantage of Open Vulnerability Modeling
Competing in the insurance market through differentiation, and demonstrating knowledge and expertise to a client, are central to so many…
Marine Disaster Investigation Leads to Urgent Re...
Mark Powell, vice-president – model development, RMS-HWindMichael Kozar, senior modeler, RMS-HWind In a Safety Recommendation Report issued…
The Politics of Basis Risk
Imagine you are a government minister responsible for disaster response. Five days have passed since the hurricane hit your country, and the…