The working party will investigate what a proportionate validation means for Nat Cat risk in the context of:
- complex external models,
- available vendor validation and
- solvency II requirements
Working party members are striving to create:
- a validation framework document
- an online Wiki of tests for practitioners
- a practical toolkit of tests that can be used to improve trust in Nat Cat model outputs
- 2018 The Actuary Magazine – The Cost of Catastrophes
- 2017 GIRO - Capital Core Topic – Model Review Case Study (North American Earthquake)
- 2017 Lloyd’s Innovation – Reimagine History Counterfactual Risk Analysis (contributor)
- 2016 GIRO D9 Exploring Alternative Realities Counterfactual Analysis on Extreme Loss (Wildfire)
- 2016 CIGI Nat Cat Validation Framework Working Party
- 2015 Willis Re Presentation – Solvency II & Cat Models
- 2015 Infoline Capital Modelling Seminar - Catastrophe Risk Management
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