When Hurricane Andrew hit Florida i...

When Hurricane Andrew hit Florida in 1992 the damage was unprecedent inconceivable and a wake-up call for the property/casualty industry, which had to rethink its underwriting and risk assessment operations Today, rating agencies and regulators frequently require propert3qcasualtT companies to do risk modeling. Similarly, the marked occurrences of Sept. 11,2001, could be a wake-up call for the life/health industry, if it were not that not many are picking up the phone

The general [i]or[/i] abstract notion of catastrophic risk modeling is still novel to most life and health companies, just as it was for property/casualty companies 12 years ago. Relatively hardly any companies currently ...