CAT model as a "crystal box";
Source: Asia Insurance Review | Sep 2012
Mr Bill Keogh, President of EQECAT Inc, says CAT models are not “black boxes”; they are actually becoming more like “crystal boxes”. As a firm believer that companies should understand the basis of their risks and the models they use, he recommends that they own the process of forming their own opinions on risks.
By Benjamin Ang
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