AVP of Product at VERISK, Extreme Event Modeler & Risk Manager, Insurance /Financial Economist
Our updated US #Wildfire model comes at a needful time. The market at large is looking for social awareness of the true & immediate hazard for property owners. #insurers & #reinsurers demand a stable and coherent view of the fair technical price of #catastrophe risk. To meet demand our updated model features . enhancements to the fire spread model, especially in the wildland-urban interface . insurance loss modeling of smoke damage outside of the wildfire perimeter, basic principles, https://lnkd.in/ePkR9B8j . the incorporation of data from recent fire seasons, including fuel information supplemented with insights from Fireline® . accounting for coverage and spatial dependencies in all accumulations, see https://lnkd.in/eBvWg7QM https://lnkd.in/eVwzckVj #californiainsurance, #extremevents, #riskmanagement, #actuarialscience
