Zeng: Secondary peril miscalculations reflect over-reliance on models
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Zeng: Secondary peril miscalculations reflect over-reliance on models

Alex Frampton
28 April 2021
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News: Winter Weather

Integral ILS co-founder Lixin Zeng today said that over-reliance on vendor models of risk was the reason why many carriers have underestimated the risk of secondary perils.

Catastrophes other than earthquakes or hurricanes have hit the ILS industry hard in recent years, with Winter Storm Uri in February and historic California wildfires amongst others.

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