Calculating Catastrophe
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Calculating Catastrophe
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Author : G. Woo
language : en
Publisher: World Scientific
Release Date : 2011
Calculating Catastrophe written by G. Woo and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Mathematics categories.
1. Natural hazards. 1.1. Causation and association. 1.2. Extra-terrestrial hazards. 1.3. Meteorological hazards. 1.4. Geological hazards. 1.5. Geomorphic hazards. 1.6. Hydrological hazards -- 2. Societal hazards. 2.1. Political violence. 2.2. Infectious disease pandemics. 2.3. Industrial and transportation accidents. 2.4. Fraud catastrophe -- 3. A sense of scale. 3.1. Size scales of natural hazards. 3.2. Hazard spatial scales. 3.3. The human disaster toll. 3.4. Models of a fractal world -- 4. A measure of uncertainty. 4.1. The concept of probability. 4.2. The meaning of uncertainty. 4.3. Aleatory and epistemic uncertainty. 4.4. Probability ambiguity. 4.5. The weighing of evidence -- 5. A matter of time. 5.1. Temporal models of hazards. 5.2. Long-term data records. 5.3. Statistics of extremes -- 6. Catastrophe complexity. 6.1. Emergent catastrophes. 6.2. Financial crashes. 6.3. Ancillary hazards -- 7. Terrorism. 7.1. A thinking man's game. 7.2. Defeating terrorist networks. 7.3. Counter-radicalization -- 8. Forecasting. 8.1. Earthquake forecasting. 8.2. Verification. 8.3. River flows and sea waves. 8.4. Accelerating approach to criticality. 8.5. Evidence-based diagnosis -- 9. Disaster warning. 9.1. Decision in the balance. 9.2. Evacuation. 9.3. The wisdom of experts -- 10. Disaster scenarios. 10.1. Scenario simulation. 10.2. Footprints and vulnerability. 10.3. Fermi problems -- 11. Catastrophe cover. 11.1. Probable maximum loss. 11.2. Coherent risk measures. 11.3. The Samaritan's dilemma -- 12. Catastrophe risk securitization. 12.1. Catastrophe bonds. 12.2. The price of innovation -- 13. Risk horizons. 13.1. Ecological catastrophe. 13.2. Climate change. 13.3. War and conflict resolution
Calculating Catastrophe
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Author : Gordon Woo
language : en
Publisher: World Scientific
Release Date : 2011
Calculating Catastrophe written by Gordon Woo and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Technology & Engineering categories.
Calculating Catastrophe has been written to explain, to a general readership, the underlying philosophical ideas and scientific principles that govern catastrophic events, both natural and man-made. Knowledge of the broad range of catastrophes deepens understanding of individual modes of disaster. This book will be of interest to anyone aspiring to understand catastrophes better, but will be of particular value to those engaged in public and corporate policy, and the financial markets.The author, Dr. Gordon Woo, was trained in mathematical physics at Cambridge, MIT and Harvard, and has made his career as a calculator of catastrophes. His diverse experience includes consulting for IAEA on the seismic safety of nuclear plants and for BP on offshore oil well drilling. As a catastrophist at Risk Management Solutions, he has advanced the insurance modelling of catastrophes, including designing a model for terrorism risk.
Natural Catastrophe Risk Management And Modelling
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Author : Kirsten Mitchell-Wallace
language : en
Publisher: John Wiley & Sons
Release Date : 2017-06-26
Natural Catastrophe Risk Management And Modelling written by Kirsten Mitchell-Wallace and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-26 with Science categories.
This book covers both the practical and theoretical aspects of catastrophe modelling for insurance industry practitioners and public policymakers. Written by authors with both academic and industry experience it also functions as an excellent graduate-level text and overview of the field. Ours is a time of unprecedented levels of risk from both natural and anthropogenic sources. Fortunately, it is also an era of relatively inexpensive technologies for use in assessing those risks. The demand from both commercial and public interests—including (re)insurers, NGOs, global disaster management agencies, and local authorities—for sophisticated catastrophe risk assessment tools has never been greater, and contemporary catastrophe modelling satisfies that demand. Combining the latest research with detailed coverage of state-of-the-art catastrophe modelling techniques and technologies, this book delivers the knowledge needed to use, interpret, and build catastrophe models, and provides greater insight into catastrophe modelling’s enormous potential and possible limitations. The first book containing the detailed, practical knowledge needed to support practitioners as effective catastrophe risk modellers and managers Includes hazard, vulnerability and financial material to provide the only independent, comprehensive overview of the subject, accessible to students and practitioners alike Demonstrates the relevance of catastrophe models within a practical, decision-making framework and illustrates their many applications Includes contributions from many of the top names in the field, globally, from industry, academia, and government Natural Catastrophe Risk Management and Modelling: A Practitioner’s Guide is an important working resource for catastrophe modelling analysts and developers, actuaries, underwriters, and those working in compliance or regulatory functions related to catastrophe risk. It is also valuable for scientists and engineers seeking to gain greater insight into catastrophe risk management and its applications.
A Reader In Insurance And Reinsurance Metrics
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Author : Dietmar Zietsch
language : en
Publisher: VVW GmbH
Release Date : 2014-07-29
A Reader In Insurance And Reinsurance Metrics written by Dietmar Zietsch and has been published by VVW GmbH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-29 with Business & Economics categories.
Die Arbeit erscheint in englischer Sprache. Insurance metrics, in other words the performance measurement of primary insurers and reinsurers, differs strongly from the measurement in industrial companies as well as in the banking sector. This is due to the "inverted" production cycle, where income is generated before expenses appear. The complexity of insurance metrics has increased considerably within the last twenty years following the requests of stakeholders: International accounting (IFRS), regulatory exigencies (solvency II and other) and models from rating agencies. Within the worldwide stock indices the industry does not represent more than 10% to 15% of the market capitalization. Therefore, insurers and reinsurers are under pressure to explain their metrics to gain the interest of the market. This reader includes nine articles revealing these metrics, ranging from a with general comparison to the credit industry to articles dealing with more complex items like the performance measurement in life insurance and disclosure of contracts under IFRS. The reader is a "must" for the industry, analysts as well as investors, students and young actuaries. Edited by Prof. Dr. Dietmar Zietsch (University Ulm, Germany) and Marc von Harpke (SCOR Germany). Versicherungsmetrik beschreibt die Erfolgsmessung von Erst- und Rückversicherern. Sie unterscheidet sich elementar von jenen der Industrieunternehmen und Banken wegen des spezifischen inversen Produktionszyklus, d.h. des Entfalls der Vorfinanzierung durch das Prinzip der Einnahmen vor Ausgaben. Darüber hinaus hat sich die Komplexität der Versicherungsmetrik in den letzten 20 Jahren durch die Anforderungen diverser Stakeholder stark erhöht: Internationale Bilanzierung (IFRS), regulatorische Anforderungen (Solvency II) und Modelle von Ratingagenturen sind hierbei beispielhaft zu nennen. In den Indices der weltweit größten Börsen repräsentieren Versicherer bis zu 15% der jeweiligen Börsenkapitalisierung. Um vom Markt wahrgenommen und auch adäquat beurteilt zu werden, ist die Darstellung und Erläuterung ihrer Erfolgskomponenten von entscheidender Bedeutung. Der Reader versammelt neun Artikel, um diese Metrik offenzulegen - angefangen von generellen Vergleichen mit der Kreditwirtschaft, bis zu komplexeren Themen wie der Erfolgsmessung in der Lebensversicherung und der Einzelvertragsbetrachtung. Ein "Must-have" für die Branche, Analysten und Investoren, Studenten und junge Aktuare. Herausgegeben von Prof. Dr. Dietmar Zietsch (Universität Ulm) und Marc von Harpke (SCOR Deutschland).
Geohazards And Disasters
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Author : Salvatore Martino
language : en
Publisher: Elsevier
Release Date : 2025-02-20
Geohazards And Disasters written by Salvatore Martino and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-02-20 with Science categories.
Geohazards and Disasters: Modelling Scenarios as a Challenge for the Future aims to depict an updated view of the most significant technical-scientific knowledge on the topic of geological risks and related mitigation strategies with a focus on the resilience of anthropic communities, and with an aim to sensitize them towards a prevention approach that is fed through awareness and technical competence. This book fills knowledge gaps by relating on scientific and technical progress for the conscious and sustainable management of risk in a multi-hazard perspective.This comprehensive resource will be a welcomed by researchers, academicians, graduate and undergraduate students, and professionals in the field of geology, specifically those focused on geohazards and disaster management. - Provides a synoptical view of geohazards and disasters - Introduces a parallel design of chapters from hazards and potential scenarios - Presents the most up to date scientific contents and technologies related to geohazards
Catastrophe Insurance
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Author : JAGENDRA RANA
language : en
Publisher: Blue Rose Publishers
Release Date : 2023-05-23
Catastrophe Insurance written by JAGENDRA RANA and has been published by Blue Rose Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-23 with Business & Economics categories.
Catastrophe insurance is different from other types of insurance from a business standpoint. It is difficult to estimate the total potential exposure to, and cost of, an insured loss, especially since a catastrophic event often results in an extremely large number of claims being filed at the same time. These catastrophes have had a severe impact on the entire economy and social lives. No country in the world is an exception to the rule of nature. So is India. India is a country that is highly vulnerable to major catastrophes. Rapid industrial development and urbanization coupled with effects of climate change has aggravated the disasters. No specific natural disaster policy is sold in India. It is part of regular fire insurance that covers damage to the property. India is witnessing a shift in climate patterns in various parts of the country. From this perspective, catastrophe risks such as natural disasters or acts of God pose a severe risk to insurance companies.
The Financing Of Catastrophe Risk
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Author : Kenneth A. Froot
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
The Financing Of Catastrophe Risk written by Kenneth A. Froot and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy. The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.
The Human Side Of Disaster
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Author : Thomas E. Drabek
language : en
Publisher: CRC Press
Release Date : 2018-09-03
The Human Side Of Disaster written by Thomas E. Drabek and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-03 with Law categories.
Since the first edition of The Human Side of Disaster was published in 2009, new catastrophes have plagued the globe, including earthquakes in Haiti and New Zealand, tornadoes in Alabama and Missouri, floods in numerous locations, Hurricane Sandy, and the infamous BP oil spill. Enhanced with new cases and real-world examples, The Human Side of Disaster, Second Edition presents an updated summary of the social science knowledge base of human responses to disaster. Dr. Drabek draws upon his 40-plus years of conducting research on individual, group, and organizational responses to disaster to illustrate and integrate key insights from the social sciences to teach us how to anticipate human behaviors in crisis. The book begins with a series of original short stories rooted within actual disaster events. These stories are woven into the entire text to demonstrate essential findings from the research literature. Dr. Drabek provides an overview of the range of disasters and hazards confronting the public and an explanation of why these are increasing each year, both in number and scope of impact. The core of the book is a summary of key findings regarding disaster warning responses, evacuation behavior, initial post-impact survival behavior, traditional and emergent roles of volunteers, and both short-term and longer-term disaster impacts. The theme of "organized-disorganization" is used to illustrate multiorganizational response networks that form the key managerial task for local emergency managers. The final chapter provides a new vision for the emergency management profession—one that reflects a more strategic approach wherein disasters are viewed as non-routine social problems. This book will continue to be an invaluable reference for professionals and students in emergency management and public policy and aid organizations who need to understand human behavior and how best to communicate and work with the public in disaster situations.
Policy Issues In Insurance Catastrophic Risks And Insurance
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2005-07-06
Policy Issues In Insurance Catastrophic Risks And Insurance written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-07-06 with categories.
These conference proceedings present academic analysis, country reports, and financial/insurance company assessments on how to handle losses caused by large-scale catastrophes including terrorism and atmospheric perils.
Handbook Of Disaster Risk Reduction Management Climate Change And Natural Disasters
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Author : Christian N Madu
language : en
Publisher: World Scientific Publishing Company
Release Date : 2017-07-25
Handbook Of Disaster Risk Reduction Management Climate Change And Natural Disasters written by Christian N Madu and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-25 with Technology & Engineering categories.
Climate change is increasingly of great concern to the world community. The earth has witnessed the buildup of greenhouse gases (GHG) in the atmosphere, changes in biodiversity, and more occurrences of natural disasters. Recently, scientists have begun to shift their emphasis away from curbing carbon dioxide emission to adapting to carbon dioxide emission. The increase in natural disasters around the world is unprecedented in earth's history and these disasters are often associated to climate changes. Many nations along the coastal lines are threatened by massive floods and tsunamis. Earthquakes are increasing in intensity and erosion and droughts are problems in many parts of the developing countries. This book is therefore to investigate ways to prepare and effectively manage these disasters and possibly reduce their impacts. The focus is on mitigation strategies and policies that will help to reduce the impacts of natural disasters. The book takes an in-depth look at climate change and its association to socio-economic development and cultures especially in vulnerable communities; and investigates how communities can develop resilience to disasters. A balanced and a multiple perspective approach to manage the risks associated with natural disasters is offered by engaging authors from the entire globe to proffer solutions.