A New Approach to Managing RiskeBook - 2005
"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, FL), 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."--Jacket.
Publisher: New York, NY : Springer Science+Business Media, , ©2005
Branch Call Number: 363.3401 Ca
Description: 1 online resource (xix, 245 pages) : illustrations (some color), maps (some color)