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 …

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 …

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 …

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 …

Climate risk is the negative effect of climate change on several aspects of the environment, business, and society … due to climate modifications that have become commonplace; the transition risk arises from the economic and regulatory … financial terms, is the correct assessment and quantification of transition risk, as it is not univocal in the literature. This …

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 …

Climate risk refers to the risks associated with climate change and has already started to impact various sectors of … the economy. In this work, we focus on the impact of physical risk on the probability of default for a firm in the … of default. We also propose a model to assess the exposure of the firm to transition risk. …