China Re Exec Says Foreign Cat Models Falling Short
With its commercial earthquake model launched, the reinsurer has set its sights on a typhoon and climate models.
China’s largest reinsurance company says that western catastrophe models lack quality data on the mainland’s natural hazards and that it will continue its rapid expansion of its commercial models.
As part if that effort, China Reinsurance Corp. will launch its own typhoon and climate models early next year, according to Feng Jian, an executive with the r…