Insurers emphasizing risk modelling capabilities amid severe cat losses: RT Specialty
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Insurers emphasizing risk modelling capabilities amid severe cat losses: RT Specialty

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After multiple years with above average loss events, several major property insurers are placing a greater emphasis on risk modelling capabilities, particularly spotlighting coastal tier one and tier two counties, convective storm regions and wildfire zones, RT Specialty said in a review of the US property market.

With annual insured loss totals for cat losses continuing to escalate – the new “normal” estimate is now $100bn compared with $75bn in prior years – companies are taking a "more conservative approach in respect to the amount of...

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