Wall Street Is Gaining Access to New Catastrophe Models to Help Predict Wars
AI Summary
Wall Street firms are integrating new catastrophe models, traditionally used for natural disaster risk, to better predict military conflicts and their financial impacts. These adaptations aim to assist investors, banks, and insurers in managing risks associated with wars.
As Wall Street races to incorporate war into its risk scenarios, the same people modeling natural catastrophes are now adapting their methodology to help investors, banks and insurers predict military conflicts.