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News | Tag: analytics

Probabilistic modelling is only as good as the experts interpreting it

July 19 2022 By Thato Raboroko risk management, dfa modelling, analytics, thato raboroko, risk modelling

Sophisticated models and high-tech optimisation tools have become the order of the day for accurate risk modelling. But as precise as these carefully calculated predictions are, they mean little without the human element; that is, the expertise and knowledge that comes from years of experience, which is needed to match the right predictions to the right solutions. Predictive modelling is considered the industry standard, and no self-respecting (r...

Flood risk modelling could have prepared us for the KZN floods

June 01 2022 By Thato Raboroko flood modelling, kzn floods 2022, thato roboroko, insurance analytics

South Africa is still reeling from the significant loss of life, and housing and infrastructural devastation, of the floods that rocked KwaZulu-Natal in April. The harsh reality is, this will happen again. Floods, wildfires, tropical cyclones and other climate change-related events have been increasing and will continue to increase in the future. Which begs the question - can risk modelling play a greater role in preparing communities for what's ...