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EAA Web Session 

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We are very happy that due to its great success in 2022, this web session will be held again in July 2023.

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.

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Coming soon...

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IFRS 17: The Variable Fee Approach - Basics and Challenges | 13 June 2023

Climate Day 4.0 | 19 June 2023

Mandatory Sustainability Reporting for Insurers - Actuarial Roles | 20 June 2023

...and a lot more! Explore our website for more information or download our overview.

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actuarial-academy.com

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