By providing financial security against droughts, floods, tropical cyclones and other forms of weather extremes, insurance instruments present an opportunity for developing countries in their concurrent efforts to reduce poverty and adapt to climate change. By pricing risk, insurance provides...

Economic losses caused by tropical cyclones have increased dramatically. It can be assumed that most losses are due to increased prosperity and a greater tendency for people to settle in exposed areas, but also that the growing incidence of severe cyclones is due to climate change. This paper...

An der Atlantikküste der USA haben die ökonomischen Schäden durch tropische Wirbelstürme in den letzten zehn Jahren dramatisch zugenommen. Es ist anzunehmen, dass ein Großteil der wirtschaftlichen Schäden darauf zurückzuführen ist, dass der Wohlstand der Bevölkerung gestiegen ist und...

Munich Re's Geo Risks Research unit has been researching loss events caused by natural hazards around the globe for more than 30 years and has documented them in the NatCatSERVICE database. The data clearly show a dramatic increase in natural catastrophes around the globe. As the rise in the...

Abstract We show how regional prediction of car insurance risks can be improved for finer subregions by combining explanatory modeling with phenomenological models from industrial practice. Motivated by the control-variates technique, we propose a suitable combined predictor when claims data...