Gallagher Re's Catastrophe Model Research & Evaluation (MR&E) experts have developed a proprietary process that utilizes robust data to create a distinct 'view of risk' for their clients. By applying this process to a US property portfolio, they’ve identified a 24% decrease in hurricane loss estimates compared to default commercial vendor models. This unique perspective allows reinsurers to take a less punitive view of the risk, resulting in cost savings for the client and improved regulatory compliance. The model is now being applied to additional property catastrophe portfolios, with further cost savings anticipated despite a challenging North American hurricane season.
Download the report to learn more.
