financial · NAIC Model Bulletin · EU AI Act Annex III · Colorado AI Act
Reinsurance CAT Modeling AI
CAT model AI update — reinsurer owns reserve miss
—EU AI Act high-risk + global AI governance wave
Regulatory exposure — commonly overlooked:
Cedents trust model — cannot reproduce AI assumption chain · Multinationals built for one jurisdiction fail exams in another — one receipt architecture, many filing packs.
TAM / Exposure
$600B global reinsurance
Insurance lines
E&O · Cyber · Sector liability
Exhibit authority
Global External Validation — Reinsurance CAT Modeling AI External Validation Pack
Global leaders
Munich Re · Swiss Re · RMS · ISO · NIST · OECD · UNESCO
Ian / Ida lessons
Model miss = solvency event — AI model change control critical.
Munich Re aiSure
Needs behavioral data Velaru asymmetry feed provides