The extraordinary events of the last two years==producing $100billion of catastrophic claims==will require catastrophe modelersto modify assumptions about storm frequencies and intensities, amodeling firm executive told insurers.

And changes in carriers' planning for the future will be neededas well said Hemant Shah, president and CEO of Risk ManagementSolutions.

Mr. Shah, who spoke Friday during a session of the 17th AnnualProperty-Casualty Insurance Conference in New York, said, modelersrecalibration to enhance their projections must reflect thetremendous amount of claims experience of the last two years andthat users need to ensure that data is appropriately characterizedand complete.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.