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Tornado/Hail Technical Documentation (Short)

By their nature, catastrophic property loss events occur infrequently but with high severity. Traditional insurance loss estimating techniques rely on historical event frequencies and magnitudes and the associated losses to estimate future potential losses. Due to the limited historical information relevant to catastrophic events, this approach cannot fully quantify the wide range of potential future events and losses that are scientifically credible. EQECAT models provide the capability of analyzing individual scenarios, including historical events, and extend this capability to analyzing simulated future events.

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