Catastrophe Modeling

Catastrophe Modeling

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Catastrophe modeling (also known as cat modeling) is the process of using computer-assisted calculations to estimate the losses that could be sustained due to a catastrophic event such as a hurricane or earthquake. Cat modeling is especially applicable to analysing risks in the insurance industry and is at the confluence of actuarial science, engineering, meteorology, and seismology. Natural catastrophes (sometimes referred to as "nat cat") include: hurricane (main peril is wind damage; some models can also include storm surge). earthquake (main peril is ground shaking; some models can also include fire following earthquakes and sprinkler leakage damage).
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Product details

  • Paperback | 232 pages
  • 152 x 229 x 13mm | 345g
  • Lect Publishing
  • United States
  • English
  • 6136698692
  • 9786136698694