Question 15. a. List two perils where losses are typically estimated using a catastrophe model (2 points) b. List three different ways companies can use catastrophe model output. (3 points) c. An insurance company is covered by aggregate reinsurance with a layer of 1000 and an attachment of 500. It experiences annual losses of 1250. 950 and 2150. What are its corresponding net losses after reinsurance recoveries? d. An insurance company is covered by occurrence reinsurance with a layer of 750 and an attachment of 250. In a given year, it experiences individual loss occurrences of 50, 850, 300 and 2100. What are the annual aggregate gross and net loss amounts for the company