A Changing Model for Natural Disasters
Since Katrina, models for natural disasters have proliferated. This robustness has led to a new breed of models: ensemble models, which collects the average of these post-Katrina projections and fuses them into new metrics. There\u2019s research showing they can be more predictive than individual models, but how far does that accuracy extend?.\xa0\xa0
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Rosalie Donlon, editor-in-chief of ALM's insurance and tax publications, joins Pete Dailey, PhD., Vice President of Model Development for RMS, as they examine the ensemble modelings\u2019\u2019 successes, shortcomings and its future in this episode of \u201cTransforming the Future of Risk: A Data-Centric Approach,\u201d sponsored by RMS. Click play to the full episode.