Catastrophe modeling is experiencing a period of intensive growth as usage is surging throughout the insurance industry. While software akin to today's cat modeling has been around for two decades, it is spreading to new audiences and being used in different ways.
From distribution sources such as managing general agents and retail brokers, to investors in catastrophe bonds, this highly specialized industry is enjoying substantial growth. At the same time, the use of new technologies is allowing models to be distributed in ways that were previously not feasible.
Cat modeling has become widely used as an important tool in evaluating and analyzing property exposures.
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