cat models Archives - Carrier Management

50 Shades of Catastrophe Model Vendor Transparency

There are two players in the tug of war that is the implementation of a catastrophe (CAT) model—the user and the vendor. Users require a sophisticated CAT model that pulls together multiple ...

Weather Whiplash: Record-Shattering Yellowstone Floods Expose Model Flaws

The Yellowstone National Park area's weather forecast the morning of June 12 seemed fairly tame: warmer temperatures and rain showers would accelerate mountain snow melt and could produce "minor ...

The Climate Factor: Why 100 Years of Data Is Not Enough for Cat Models

Catastrophe models are designed to help risk managers in different industries understand the probability of occurrence of extreme events, typically for the next several years. But the time horizon ...

Embracing the Future of Catastrophe Modeling

This year, 2017, marks the 30th anniversary of the beginning of catastrophe modeling. Back in 1987, after a few quiet decades of natural catastrophes in the United States, the idea of ...

Lessons of a Risk Modeler: RMS CEO Hemant Shah

Not many CEOs are willing to talk publicly about their biggest misfires and what they learn from them. Hemant Shah did not hesitate when confronted with the question. The co-founder and CEO of ...