Catastrophe Modeling Seminar

Catastrophe modeling estimates the financial impacts of disasters – whether of natural or human origin – by simulating scenarios based on historical data and physical models. This analytical profession draws on actuarial science, geophysics and engineering. The presenters will show three representative case studies. The first will be an accumulation analysis highlighting the risk of having a disproportionate amount of risk in close proximity. The second will be an optimization case showing key figures they look at in advising their clients on the highest risks in their portfolio. The third case study involves how insurance companies allocate reinsurance costs. The presentation will conclude with a look at the future of catastrophe modeling.