Beschreibung:
Catastrophe Modeling: A New Approach to Managing Risk is the first book that systematically analyzes how catastrophe models can be used for assessing and managing risks of extreme events. It focuses on natural disaster risk, but also discusses the management of terrorism risk. A unique feature of this book is the involvement of three leading catastrophe modeling firms, AIR Worldwide, EQECAT, and Risk Management Solutions, who examine the role of catastrophe modeling in rate setting, portfolio management and risk financing.
""Catastrophe Modeling: A New Approach to Managing Risk" is the first book that systematically analyzes how catastrophe models can be used for assessing and managing risks of extreme events. It focuses on natural disaster risk, but also discusses the management of terrorism risk. A unique feature of this book is the involvement of three leading catastrophe modeling firms, AIR Worldwide, EQECAT, and Risk Management Solutions, who examine the role of catastrophe modeling in rate setting, portfolio management and risk financing.
Introduction: Needs, Stakeholders, and Government Initiatives.- An Introduction to Catastrophe Models and Insurance.- The Risk Assessment Process: The Role of Catastrophe Modeling in Dealing with Natural Hazards.- Sources, Nature, and Impact of Uncertainties on Catastrophe Modeling.- Use of Catastrophe Models in Insurance Rate Making au]Dennis^Kuzak.- Insurance Portfolio Management.- Risk Financing.- The Impact of Mitigation on Homeowners and Insurers: An Analysis of Model Cities.- The Impact of Risk Transfer Instruments: An Analysis of Model Cities.- Extending Catastrophe Modeling To Terrorism.