RMS to update Europe but not US cat models
RMS will not follow up its imminent "update" on its
European windstorm cat risk model with a modification of its US
model this year despite criticism from the market, the catastrophe
risk modeller has said.
The updated Version 11 (v11) windstorm model for the US has been a
key factor in driving up property catastrophe rates over the past
12 months, but its adoption by the market has not been smooth and
RMS has faced criticism from (re)insurance executives over...
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