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Dear GiampaoloNatural 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 19 September 2023.
After this date, the fee will be € 205.00 plus 19% VAT.
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