Traditionally, insurance companies licensed catastrophe models from three vendors, each with its own front and back end sytems to handle the model input and output. Newer technology is now offering many more options. What does all of this mean for underwriters, management, and actuaries? This session will illustrate new and expanded information available to actuaries for estimating catastrophe loss potential, understanding model uncertainty, and developing their own view of risk.

98-A: Expanding Role of the Actuary in Catastrophe Loss Estimating and Management

Roger Grenier, Peter Taylor, Karen Clark