Risk Modeling for Hazards and Disasters opens with an introduction to insurance risk modeling data and modeling concepts and then moves on to review innovative ideas from the most well-known vendor firms. It covers relevant new science in risk modeling, indirect losses, assessment of impact and consequences to insurance losses and current changes in risk modeling practice, along with case studies. The final chapter provides further insight into the shortcomings of current models and examines model risk and ideas to diversify risk assessment.
This book reviews current model development and science and explains recent changes in the cat modeling space, including new model platforms and new ideas covering uncertainty and big data in the assessment of risk for insurance pricing and portfolio management. Edited by an expert in both hazards and risk, this book is authored by a global panel including major modeling vendors, modeling consulting firms and well-known catastrophe modeling scientists. Risk Modeling for Hazards and Disasters provides important insight into how models are used to price and manage risk.
Number Of Pages: 338
Published: 11th September 2017
Publisher: Elsevier Science Publishing Co Inc
Country of Publication: US
Dimensions (cm): 23.5 x 19.0 x 2.6
Weight (kg): 0.66
Edition Number: 1