NU Online News Service, May 10, 2:59 p.m. EDT
Evidence that catastrophe models may not be as accurate as some carriers might expect has one insurance broker cautioning insurers that they need to examine their loss estimates more closely.
This week, Aon Benfield, the reinsurance broker and capital advisor of Chicago-based Aon Corp., says it will highlight how recent natural catastrophes—coupled with Solvency II—have fueled demand for more in-depth evaluation of catastrophe models.
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