A catastrophe model is a sophisticated computer-based system that runs thousands, often millions, of plausible “what-if” disaster scenarios. By simulating hurricanes, earthquakes, wildfires, severe storms, and floods, these systems calculate the probable physical damage and financial losses for every property in a specific portfolio or region. These models combine historical…
Commercial Insurance - Consumer Guides - Glossary of Insurance Terms - Insurance Guides - Introduction to Insurance - Personal Insurance - Property Insurance - Risk Management
