Daily Fintech Conversations

Catastrophe Models Are More Accessible, Insightful and Prevalent Than Ever

Originally published at: https://dailyfintech.com/2021/07/29/catastrophe-models-are-more-accessible-insightful-and-prevalent-than-ever/

Five years ago, catastrophe(CAT) modelling was relatively unknown. Today, CAT modelling for hurricanes and earthquakes is fast becoming the norm in property underwriting, for catastrophes that can obliterate otherwise stable businesses. Commercially viable CAT models started emerging only in the last quarter century. Earlier, rudimentary methods were employed to estimate catastrophic losses as historical loss…