OLDWICK, N.J.--(BUSINESS WIRE)--This episode of A.M.BestTV examines how a growing appetite for risk modeling is driving new models, modeling firms and more inclusive risk platforms, as reported by Kate Smith of Best's Review magazine. Also interviewed are Claire Souch of Risk Management Solutions and Jayanta Guin of AIR Worldwide.
In describing risk modeling, Smith said: “Since everyone would like to have certainty, but unfortunately cannot have it, risk modeling is designed to evaluate the likelihood of a loss in certain events, such as earthquakes, hurricanes and natural disasters, with terrorism and cyber-hacking gaining prominence.”
Souch said that she believes the risk management principles that are applied in the modeling of natural catastrophes also can be applied to these emerging terror and cyber risks as well. As risk modeling gains more acceptance, Guin says, “If there are gaps in current solutions companies would like to use other third party models.”
Read Smith’s entire article, “The Rise of the Super Models” in the August edition of Best’s Review.
Click here to view this episode: http://www.ambest.com/v.asp?v=model814.
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