The accuracy of risk models is assessed in new JLT Re report

12-07-2018

The accuracy of risk models is assessed in new JLT Re report

iStock/ Pichet_w

Risk models are good at estimating the losses arising from ‘conventional hurricane events’ but their performance decreases when it comes to more severe or unusual events, according to a study by JLT Re, which analysed the precision of modelled market loss estimates for significant hurricanes since 2004.


JLT Re, Catastrophe, Risk modelling, Hurricanes, Market loss, Insurance, Reinsurance, Global

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