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Natural Catastrophe Models are a key ingredient for the
assessment of Nat Cat risk. Questions like "What losses do we
expect from catastrophic events on average?" and "What
losses do we need to expect in the worst case?" are becoming
more and more relevant, in particular considering climate change.
Natural Catastrophe Models try to answer these questions in a
statistical sense, and have for many years now become an important
tool for the assessment of (re-) insurance contracts.
In this web session, you will receive an introduction to Nat Cat
Modelling and its applications. The basic components of a Nat Cat
model will be explained: Exposure data, the hazard,
vulnerabilities, and the financial model. Sources of uncertainty
will also be discussed together with methods for quantification.
After the first part, we will build our own simple Nat Cat model in
a hands-on case study. Finally, we will take a closer look at the
results a model can produce and how to use them for pricing in the
reinsurance context.
Your early-bird registration fee is € 150.00 plus 19% VAT for
bookings by 23 May 2023. After this date, the fee will be € 205.00
plus 19% VAT.
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