Global risk and reinsurance specialist Guy Carpenter & Company LLC has launched a data-driven casualty catastrophe model, called GC ForCas.
GC ForCas is a stochastic modeling platform, the company said, intended to help insurers understand their exposure to casualty catastrophe losses resulting from U.S. commercial lines insurance policies. GC ForCas uses industry sources, including Advisen’s large loss database of more than 250,000 historical losses, to anticipate the number of scenarios and line-of-business dependencies.
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