Daneshvaran, Siamak; Haji, Maryam - In: The Journal of Risk Finance 13 (2012) 2, pp. 118-132
Purpose – In general, the insurance industry accepts large risks due to the frequency and severity of extreme events. Because of the short record on hazard data for such events, a large amount of uncertainty has to be dealt with. Given this large uncertainty it is important to better quantify...