Living With Uncertainty

Ming Lee
March 2011
Best's Review;Mar2011, Vol. 111 Issue 11, p82
Trade Publication
The article offers information on catastrophe risk models which help insurers in managing risk and anticipating losses in the U.S. It investigates how insurers can identify unpredictable and improbable events' negative impact on their businesses. It highlights three faces of uncertainty which are revealed by catastrophe risk models including process risk tool, model risk tool, and embracing uncertainty tool.


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