Risk Assessment
Catastrophe Modeling
Definition
Computer simulation of natural catastrophes to estimate potential losses. Major vendors include RMS, AIR, and CoreLogic.
Practical Example
Running RMS model to estimate hurricane losses for Florida exposure.
Automate with Reinsured.AI
Reinsured.AI has a purpose-built AI agent that automates workflows involving Catastrophe Modeling — reducing manual processing time by up to 40% and eliminating data entry errors across your reinsurance operations.