Key facts
- Verisk has launched a reengineered U.S. hurricane risk modeling system.
- The new model is a tropical cyclone model.
- It is delivered on Verisk's new Synergy Studio platform.
Understanding and modeling hurricane risk is crucial for insurers, reinsurers, and financial institutions to accurately price policies, manage capital, and assess potential losses. Advances in modeling technology, powered by AI and cloud platforms, are essential for improving the precision and speed of these risk assessments.