Tuesday, June 2, 2015

Randi Glazer: Why RMS CAT Modeling is Important

Underwriting insurance and creating programs is a detailed process. Using a model called catastrophe modeling, or sometimes referred to as CAT modeling, is the process of using computer-assisted calculations to estimate the losses that could be sustained due to a catastrophic event such as a hurricane or earthquake. Randi Glazer, a highly-experienced insurance consultant knows the importance of CAT modeling when dealing with a business. She notes that CAT modeling is most applicable to analyzing risks in the insurance industry. It goes in conjunction with actuarial science, engineering, meteorology, and seismology.

Randi Glazer says that some things to consider are natural and human catastrophes. Some natural catastrophes could be hurricanes, earthquakes, severe thunderstorms, wildfires or winter storms. Randi also notes some human catastrophes could be terrorism events or warfare causing a displacement crises.

Randi Glazer is most comfortable with the RMS CAT modeling. RMS models risk in roughly 100 countries that allow insurers, reinsurers, and other stakeholders to analyze the probability of loss from catastrophic events. Randi is well-trained in their models. They are continually updated with the latest scientific research and data. RMS CAT models and software help insurers, financial markets, corporations, and public agencies evaluate and manage catastrophe risks throughout the world.

Randi Glazer trusts the RMS models and their Software-as-Solution platforms. They help her to better understand and manage the risks of natural and human-made catastrophes. She has consistently used the RMS CAT modeling in several of her roles as an underwriter with different companies.




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