Why Don’t Cat Models Work or Do They?. The Role of Models: A View From Both Sides CAS Presentation May 8, 2006 Maria Kovas. Overview. Role of Modeling during the Quiet Years Original Role of Modeling Change in Expectations Return to the basics.
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The Role of Models: A View From Both Sides
May 8, 2006
Leading Role in:
Post Event Loss Evaluation
First Generation-Professional insurance/broker/reinsurers-recruited to use the models because of aptitude or interest
Second Generation-Professional modelers recruited for technical aptitude and skill in running the models
Consider key issues in the firm
Review the diagnosis
Determine if the remedies are cost effective