AIR issues multiple catastrophe white paper
The 2004 hurricane season demonstrated the financially destructive potential of several moderate hurricanes occurring within a single year. To help insurers and reinsurers analyze and prepare for future multiple-catastrophe years, AIR Worldwide Corporation has released a white paper entitled ‘Analyzing and Preparing for Multiple Event Seasons.’
The white paper includes a detailed explanation of how insurers can explicitly account for the probability of multiple events in a single year. A case study demonstrates techniques insurers can use toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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