Flood risk is prevalent and increasing in almost every emerging market, and the Latin America and Caribbean regions in particular need more in-depth catastrophe modeling, according to Guy Carpenter, a global risk and reinsurance specialist.
“Catastrophe modeling can be much more than a metric for reinsurance pricing, it can become one of the key elements for guiding the growth strategy of a company,” said Manuel Chirouze, SVP of Guy Carpenter & Co., LLC, to insurance executives attending Guy Carpenter’s symposium for Latin America and Caribbean Region Partners.
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