We study a new risk measure inspired from risk theory with a heat wave risk analysis motivation. We show that this risk … useful for measuring the potential impact of climate change on heat wave risk. Numerical illustrations are given. …

reduce NPEs in the subsequent period. In conclusion, climate risk management represents a crucial challenge for the financial …

addressing the disaster's underlying risk, the traditional disaster insurance strategy largely focuses on providing financial … significance of effective disaster risk reduction strategies applied within the innovative insurance mechanism in lowering overall … help insurance firms, policy planners, and disaster risk managers make decisions that will benefit local communities and …

The aim of this work is to introduce an innovative methodology for performing risk attribution within a multifactor … risk framework. We applied this analysis to the assessment of systemic, climate, and geopolitical risks relative to a … the combined risk to each factor and to the effect of their interaction by employing our proposed frequency-based approach …

and risk prevention as this trend continues. In this paper, we convert natural disaster losses to the year 2016 dollars … outperforms the other two composite distributions in modeling natural disaster losses. Important risk measures for natural …

This paper focuses on weather derivatives as efficient risk management instruments and proposes a more advanced … region under study and introducing Value-at-Risk (VaR) and Expected Shortfall (ES) as appropriate measures for the strike … price. The numerical results show that VaR and ES are both efficient ways for managing the so-called Tail Risk; further …

geographical area of Spain, and a precise risk, hailstorm in crop insurance in the line of business of wine grapes. We quantify … from hail risk in Spain from 1990 to 2022. With homogenized data, we consider as dependent variables the monthly number of … also provide an estimate of the increase in the monthly total losses' Value at Risk, corresponding to a future increase in …

contributes to the literature in two critical ways. First, the research attempts to develop a map of the transition risk of the EU …. In detail, it defines an indicator that will identify the transition risk the EU bears. Second, it analyzes any …

This paper aims to research the topics related to risk included in non-financial disclosure (NFD) of companies listed … on the Warsaw Stock Exchange (WSE) and explore factors that influence the risk topics ratio in NFD. We applied a content … analysis using topic modeling to discover latent risk topics in NFD. Next, with Ward's clustering, we identified four groups of …