𝔖 Bobbio Scriptorium
✦   LIBER   ✦

083051 (M54) The economics of catastrophes : Zeckhauser R., Journal of Risk and Uncertainty, 1996, Volume 12, nr. 2/3, pp. 113–140

Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
92 KB
Volume
19
Category
Article
ISSN
0167-6687

No coin nor oath required. For personal study only.

✦ Synopsis

This paper describes the dynamic financial analysis model currently being used by a property catastrophe reinsurer to manage its business. The model is an integral part of the day-to-day operations at the Company; and is used as a decision making tool in the underwriting, investment and capital management processes. The paper begins by describing the framework that the Company uses for risk management. This includes a classification of the risks facing the Company, used to define and prioritize their implementation in the model. Also included is a description of the conceptual approach the Company takes to evaluate the tradeoff between risk and return. The paper then goes on to describe the structure and operation of the dynamic financial analysis model; and provides examples of its use at the Company, along with illustrative examples of the various types of output that is produced by it.

📜 SIMILAR VOLUMES

084022 (M54) Catastrophic responses to c
084022 (M54) Catastrophic responses to catastrophic risks : Epstein, R.A., Journal of Risk and Uncertainty, 1996, Volume 12, nr. 2/3, pp. 287–308
📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 89 KB

This article explains how lobbying pressure intensifies tax-transfer inefficiencies in disaster prevention and relief. The social-welfare tradeoff in the government's joint provision of safety regulation and disaster relief is distorted by disinformational lobbying activity by disaster-exposed house

084021 (M54) The government, the market,
084021 (M54) The government, the market, and the problem of catastrophic loss : Priest G.L., Journal of Risk and Uncertainty, 1996, Volume 12, nr. 2/3, pp. 219–237
📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 89 KB

This article explains how lobbying pressure intensifies tax-transfer inefficiencies in disaster prevention and relief. The social-welfare tradeoff in the government's joint provision of safety regulation and disaster relief is distorted by disinformational lobbying activity by disaster-exposed house

084018 (M54) Mitigating disaster losses
084018 (M54) Mitigating disaster losses through insurance : Kunreuther H., Journal of Risk and Uncertainty, 1996, Volume 12, nr. 2/3, pp. 171–187
📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 86 KB

## Abstracts and Reviews account. Due to this procedure many possibilities for modeling are included. Some of them are illustrated by suitable data. Finally, several problems and possible solutions related to the fit of a claim number distribution are discussed. Thereby the goodness of fit to real

084019 (M54, E20) Difficulties in making
084019 (M54, E20) Difficulties in making implicit government risk-bearing partnerships explicit : Kane E.J., Journal of Risk and Uncertainty, 1996, Volume 12, nr. 2/3, pp. 189–199
📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 173 KB

## Abstracts and Reviews account. Due to this procedure many possibilities for modeling are included. Some of them are illustrated by suitable data. Finally, several problems and possible solutions related to the fit of a claim number distribution are discussed. Thereby the goodness of fit to real