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special section:reinsurance

Models: Not the Whole Story

By Ryan Ogaard

The recent North Atlantic storm seasons put a spotlight on the reinsurance industry's use of catastrophe models and exposure management. What are the lessons to be learned, and how will they spark the next phase of development in our understanding of risk?

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Founded in 1895, the National Association of Mutual Insurance Companies (NAMIC) is a full-service national trade association serving the property/casualty insurance industry with more than 1,400 member companies that underwrite more than 40 percent of the property/casualty insurance premium in the United States. NAMIC members are small farm mutual companies, state and regional insurance companies, risk retention groups, national writers, reinsurance companies, and international insurance giants. Together, we are NAMIC.

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Models: Not the Whole Story

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