Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. This is where insurance professionals will find the information they need about the state of the insurance industry, managing risks, and how to navigate the most impactful events of our time.
A change to a catastrophe model can influence the level of reinsurance purchased by companies and impinge on the rating process, but the extent to which the latest revision announced by one modeler affects either is not specifically clear.
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