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AIR Worldwide: Significant Quality Issues with Insurers' Exposure Data

National News • November 14, 2005
A recent analysis of insurers' exposure data by AIR Worldwide Corporation (AIR) determined that the quality and completeness of most insurers' commercial policy data is insufficient for a detailed ...

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Subject: Cat Modeling Incredulity

Posted On: November 15, 2005, 12:43 pm CST
Posted By: Long Time Underwriter
Comment:
Apparently catastrophe modelers aren't allowed to interact with the real world. Sampling of data for accuracy, and adjustments for data deficiencies, are a vital and incredibly obvious part of any modeling exercise. From insured, to agent, to underwriter, to data entry to Cat model, property values and risk characteristics are interpreted and revised for many purposes. If cat modelers can't handle the real world they shouldn't be offering their "expert" opinion to the public or the industry.
Subject Posted By Posted On
Follow the money trail Rick
Nov 16, 2005, 9:44 am
RE: AIR Worldwide: Significant Quality Issues with Insurers Rate Maker
Nov 15, 2005, 6:29 pm
AIR Worldwide: Significant Quality Issues with Insurers' Ex André Fredette
Nov 15, 2005, 12:53 pm
Cat Modeling Incredulity Long Time Underwriter
Nov 15, 2005, 12:43 pm
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