Advertise
Resources
Member, Beacon International Group, Ltd.
A recent study by U.K.'s Met Office and Lloyd’s of London has concluded that reinsurer’s models for weather events are accurate enough not to warrant any increases in the capital they have set aside for storm-related claims, reported Artemis.bm. The research is in response to a few members of the regulatory community arguing that extreme weather events across the globe might be more interconnected than previously believed. The belief that extreme weather events are interconnected could result in regulators increasing required capital levels for reinsurers.