Use broader set of cat models to avoid bankruptcy “cascade”: Oxford study
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Use broader set of cat models to avoid bankruptcy “cascade”: Oxford study

Aerial drone view entire Neighborhood under water near Austin , Texas
Historic Flooding in Central Texas Homes under water at Graveyard Point neighborhood community in the flood plain of Lake Travis , Aerial drone view entire Neighborhood under water near Austin , Texas | RoschetzkyIstockPhoto/Getty Images/iStockphoto

Insurance companies should use four catastrophe models to underpin their underwriting and avoid a “disastrous” wave of bankruptcies, a new Oxford University study has said.

The study urges insurance regulators to encourage more widespread use of four models, claiming that basing underwriting on a more diverse set of assumptions would increase the capital available to carriers by 50%, cut bankruptcies by 20% and halve...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article