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Catastrophe modeling: a new approach to managing risk

Contributor(s): Grossi, Patricia [Editor] | Kunreuther, Howard [Editor] | Patel, Chandu C [Editor].
Material type: materialTypeLabelBookSeries: Huebner International Series on Risk, Insurance, and Economic Security Vol.25. Publisher: New York Springer 2005Description: xix, 245 p.ISBN: 9780387241050.Subject(s): Risk management | Risk (Insurance) | Natural disasters | Disaster insuranceDDC classification: 363.34011 Summary: Catastrophe Modeling: A New Approach to Managing Risk is the first book that systematically analyzes how catastrophe models can be used for assessing and managing risks of extreme events. It focuses on natural disaster risk, but also discusses the management of terrorism risk. A unique feature of this book is the involvement of three leading catastrophe modeling firms, AIR Worldwide, EQECAT, and Risk Management Solutions, who examine the role of catastrophe modeling in rate setting, portfolio management and risk financing. Using data from three model cities (Oakland, CA, Long Beach, CA and Miami/Dade County, FLA), experts from the Wharton School of the University of Pennsylvania examine the role of catastrophe modeling to develop risk management strategies for reducing and spreading the losses from future disasters. Given the uncertainties associated with terrorism the book points out the opportunities for utilizing catastrophe models to set insurance rates and to examine public-private partnerships for providing financial assistance in the event of a terrorist attack. (http://www.springer.com/business+%26+management/finance/book/978-0-387-23082-5)
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Books Vikram Sarabhai Library
Slot 1175 (0 Floor, East Wing) Non-fiction 363.34011 C2 (Browse shelf) Available 183361

Catastrophe Modeling: A New Approach to Managing Risk is the first book that systematically analyzes how catastrophe models can be used for assessing and managing risks of extreme events. It focuses on natural disaster risk, but also discusses the management of terrorism risk. A unique feature of this book is the involvement of three leading catastrophe modeling firms, AIR Worldwide, EQECAT, and Risk Management Solutions, who examine the role of catastrophe modeling in rate setting, portfolio management and risk financing.
Using data from three model cities (Oakland, CA, Long Beach, CA and Miami/Dade County, FLA), experts from the Wharton School of the University of Pennsylvania examine the role of catastrophe modeling to develop risk management strategies for reducing and spreading the losses from future disasters. Given the uncertainties associated with terrorism the book points out the opportunities for utilizing catastrophe models to set insurance rates and to examine public-private partnerships for providing financial assistance in the event of a terrorist attack. (http://www.springer.com/business+%26+management/finance/book/978-0-387-23082-5)

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