Quantification typically involves an assessment of the severity and likelihood of occurrence, analysis of Chubb’s exposures (underwriting limits deployed, counter–party exposure) relative to risks measures (earnings, capital, liquidity, industry market share) and other 	Limiting Risk 	Catastrophe Modeling 	Chubb is a leading proponent and user of catastrophe models to quantify natural catastrophe risk for product pricing, risk management, capital allocation and estimation of hurricane losses.