The Wrong Model for the Wrong Job With Roy Wright

About this episode

Roy Wright discusses the inadequacies of catastrophe models in pricing individual risk and the implications for insurance markets.

In this episode of Risky Science, recorded at ClimateTech Connect in April, IBHS CEO Roy Wright breaks down why catastrophe models were never designed to price individual risk, why mitigation only works at the neighborhood level, and why insurance markets start to fail when price signals drift away from underlying risk.

People in this episode

Guest: Roy Wright

Topics covered

• catastrophe models
• insurance markets
• risk pricing
• mitigation
• climate technology

Keywords

• catastrophe models
• insurance
• risk
• mitigation
• ClimateTech Connect

Mentioned in this episode

Organizations: IBHS

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