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Cat Modeling, Forecasting Tools More Sophisticated

From terrorism-risk analysis to hurricane modeling, catastrophe modeling and forecasting tools are becoming ever more sophisticated to help carriers make informed decisions.

Major insurers are seeing significant changes, especially in the area of catastrophe modeling. Previously a specialized service conducted by experts, CAT modeling is now being integrated into more mainstream business processes, some industry observers say. The following are some of the new forecasting software products and modeling technology developments announced in the past year.

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