CATASTROPHE MODEL

a calculation tool/program that involves low-frequency, high-severity events. Some of the events have the potential for widespread effects. Catastrophe models are often used in order to:

(a) explain a system;

(b) study effects of different components; and/or

(c) derive estimates.

Congratulations! You're now Froogled Up™ on what "Catastrophe Model" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,

www.FroogleMe.com