Evaluating the Predictive Power of Revenue, Industrial Classification and Claims as Leading Indicators for Casualty Cat Risk

Evaluating the Predictive Power of Revenue, Industrial Classification and Claims as Leading Indicators for Casualty Cat Risk

Evaluating the Predictive Power of Revenue, Industrial Classification and Claims as Leading Indicators for Casualty Cat Risk 150 150 Praedicat

In a Carrier Management article, Fred Kipperman, Praedicat’s Vice President for Client Global Development, takes a look at traditional approaches to measuring casualty cat risks. The analysis explores how revenue, industrial classification and experience are used as proxies to assess casualty cat risk and makes the case for a change to forward-looking modeling to quantify prospective casualty cat accumulation risk.

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