China Re launches earthquake catastrophe model.
Global Banking News-May 25, 2018--China Re launches earthquake catastrophe model
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Global Banking News - 25 May 2018
China-based state-backed re-insurer, China Re Group, has said that it has launched a new earthquake catastrophe model.
The firm said that the model comes with independent intellectual property rights to improve the accuracy of earthquake loss assessment. The firm added that the new model was developed in association with scientific research institutions and has been developed specially for China.
It said that the new model would provide key technical support for seismic catastrophe re-insurance pricing, risk identification, business portfolio optimisation, and risk accumulation management.
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