Cat risk team of the year: Aon, Impact Forecasting
Impact Forecasting has long established itself in catastrophe risk modelling and, in the face of many large-scale challenges in the last 12 months, it has solidified its reputation.
The company aims to assist insurers analysis of the financial implications of catastrophic events, to help them achieve a greater understanding of the risks. Insurers and re/insurers told us that a black-box approach is limiting them from making most of the catastrophe models as the calculation process is not clearly defined and cannot be easily explained to stakeholders, regulators and rating agencies, says Jakub Aska, business development executive at Impact Forecasting.