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Bayesian predictive analysis of natural disaster losses

Deng, Min; Aminzadeh, Mostafa; Ji, Min - In: Risks : open access journal 9 (2021) 1/12, pp. 1-23

the US shows that there is an increasing trend in annul natural disaster losses after 1980. Climate change is recognized … 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 …

Persistent link: https://www.econbiz.de/10012422965

Estimating the potential risks of sea level rise for public and prvate property qwnership, occupation and management

Warren-Myers, Georgia; Aschwanden, Gideon Daniel … - In: Risks : open access journal 6 (2018) 2, pp. 1-21

The estimation of future sea level rise (SLR) is a major concern for cities near coastlines and river systems. Despite this, current modelling underestimates the future risks of SLR to property. Direct risks posed to property include inundation, loss of physical property and associated economic...

Persistent link: https://www.econbiz.de/10011866366

Catastrophe insurance modeled by shot-noise processes

Schmidt, Thorsten - In: Risks : open access journal 2 (2014) 1, pp. 3-24

Shot-noise processes generalize compound Poisson processes in the following way: a jump (the shot) is followed by a decline (noise). This constitutes a useful model for insurance claims in many circumstances; claims due to natural disasters or self-exciting processes exhibit similar features. We...

Persistent link: https://www.econbiz.de/10010338102

Parametric insurance : a possible and necessary solution to insure the earthquake risk of Romania

Radu, Nicoleta; Alexandru, Felicia - In: Risks : open access journal 10 (2022) 3, pp. 1-16

The rapid growth over recent decades of the impact of natural disasters on economies, especially in vulnerable areas, urges stakeholders to promote innovative solutions involving risk transfers that account for the new risk exposures. These proposed solutions are designed to optimize and...

Persistent link: https://www.econbiz.de/10013161504

Improving disaster risk management according to development projects

Kwak, Chang-Jae; Kim, Jung-Soo - In: Risks : open access journal 9 (2021) 11, pp. 1-17

Since the 1990s, efforts have been made to reduce the damage caused by natural disasters, among which the Disaster … established as an important model for Korea's disaster risk reduction activities. …

Persistent link: https://www.econbiz.de/10012703963

Decomposition of natural catastrophe risks : insurability using parametric CAT bonds

Marvi, Morteza Tavanaie; Linders, Daniël - In: Risks : open access journal 9 (2021) 12, pp. 1-19

risk of the investment. The methodology is applied on a region with about 3000 residential buildings subject to flood …

Persistent link: https://www.econbiz.de/10012705095

Sensitivity of performance indexes to disaster risk

Hodoshima, Jiro; Yamawake, Toshiyuki - In: Risks : open access journal 9 (2021) 2/40, pp. 1-22

We examine how sensitive the new performance indexes incorporating high moments and disaster risk are to disaster risk …. The new performance indexes incorporating high moments and disaster risk are the Aumann-Serrano performance index and … underlying risk. We show, by numerical examples and empirical examples, how sensitive these indexes are to disaster risk …

Persistent link: https://www.econbiz.de/10012483189

Examining the effects of gradual catastrophes on capital modelling and the solvency of insurers: the case of COVID-19

Tamturk, Muhsin; Cortis, Dominic; Farrell, Mark - In: Risks : open access journal 8 (2020) 4/132, pp. 1-13

This paper models the gradual elements of catastrophic events on non-life insurance capital with a particular focus on the impact of pandemics, such as COVID-19. A combination of actuarial and epidemiological models are handled by the Markovian probabilistic approach, with Feynman's path...

Persistent link: https://www.econbiz.de/10012391664

Quantifying the role of occurrence losses in catastrophe excess of loss reinsurance pricing

Khare, Shree; Roy, Keven - In: Risks : open access journal 9 (2021) 3, pp. 1-38

The aim of this paper is to merge order statistics with natural catastrophe reinsurance pricing to develop new theoretical and practical insights relevant to market practice and model development. We present a novel framework to quantify the role that occurrence losses (order statistics) play in...

Persistent link: https://www.econbiz.de/10012508519

Measuring systemic governmental reinsurance risks of extreme risk events

Hadad, Elroi; Shusi, Tomer; Yosef, Rami - In: Risks : open access journal 11 (2023) 3, pp. 1-14

This study presents an easy-to-handle approach to measuring the severity of reinsurance that faces a system of dependent claims, where the reinsurance contracts are of excess loss or proportional loss. The proposed approach is a natural generalization of common reinsurance methodologies...

Persistent link: https://www.econbiz.de/10014246287

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