Documentation

Update to the Verisk Wildfire Model for the United States

Model Documentation | pdf - 640 Kb
March 18, 2024

An update to Verisk’s Wildfire (WF) model for the United States is scheduled to be released in June 2024 as a part of our suite of products. Verisk is presenting early insights to anticipated industry loss changes in this document to better inform your immediate risk management decisions or capital needs. A more in-depth discussion of the changes will be provided at the time of release in the formal release documentation.

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Premium Adjustment Factors and Guidelines for 2013 Submissions Using the AIR MPCI Model for China

White Papers | pdf - 366 Kb
January 31, 2013

For the 2013 season, policy conditions for the China MPCI program have changed in several provinces. This will have an impact on the premium collected and on the risks that are being written in certain provinces. This paper describes the nature of those changes and the premium adjustment factors that AIR has developed to help companies analyze their 2013 China MPCI submissions using the AIR MPCI model for China.

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Impact of 2013 Premium Rate Changes on Gain and Loss Probabilities in the AIR U.S. MPCI Model

White Papers | pdf - 543 Kb
December 19, 2012

For the 2013 insurance year, the Risk Management Agency of the USDA modified the premium rates for corn, cotton, rice, sorghum, soybean, and wheat crops. This will have an impact on premium volumes, county- and state-level gross loss ratios, post-SRA losses and loss ratios, thus directly affecting crop insurance companies’ fund allocation, risk management strategies and the placement of reinsurance protection. This paper describes the nature of these changes and their impact on the profitability of the crop insurance industry.

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