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|a The Impact of Changes to the RMS U.S. Hurricane Catastrophe Model |h [electronic resource]. |
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|a Please contact the owning institution for licensing and permissions. It is the user's responsibility to ensure use does not violate any third party rights. |
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|a In May, Risk Management Solutions, Inc. released a newly calibrated
catastrophe model for Atlantic tropical storms that has dramatic implications
for property insurance capacity, underwriting, and pricing. The revision reflects
a re-examination of the factors that drive the RMS hurricane model based on
newly available data and analysis in the wake of record storm seasons in 2004
and 2005.
The new model projects greater potential losses based on an increase in
Atlantic hurricane activity, new assessments of building performance and a
more detailed understanding of how a confluence of circumstances amplifies
losses in a severe catastrophe.
The revisions in RMS RiskLink 6.0 will accelerate a shift that is already under
way in the property insurance industry as primary carriers and reinsurers reevaluate
their exposure. During this period of transition, the property
specialists at Napco will use risk assessment capabilities, market intelligence,
and relationships with underwriters to ensure that our partners in the
agent/broker and risk management community experience as little disruption
as possible.
This report summarizes the major changes in the RMS hurricane model and
how they will impact retail agents and brokers and their clients. |
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|a Electronic reproduction. |c Florida International University, |d 2015. |f (dpSobek) |n Mode of access: World Wide Web. |n System requirements: Internet connectivity; Web browser software. |
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|a dpSobek |c Sea Level Rise |
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|u http://dpanther.fiu.edu/dpService/dpPurlService/purl/FI15050397/00001 |y Click here for full text |
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|a http://dpanther.fiu.edu/sobek/content/FI/15/05/03/97/00001/Napco LLC_2012_The Impact of Changes to the RMS Uthm.jpg |
