Modelling Natural Catastrophe Risks from First Principles

Logo
Presented by

Derek Thrumble Managing Partner, Analytics – Gallagher Specialty London, UK

About this talk

The example will be based upon major US Hurricanes 1950-2020 to illustrate a model developed to analyze the risk to a portfolio of offshore oil and gas assets and to review and compare the effectiveness of traditional insurance products and alternative products (parametric solutions). The case study will consider an appropriate model for the frequency of events (Poisson or other distributions). A review of damage or vulnerability models (Beta or other distributions) to convert wind speed/intensity into a percentage of value at risk. An illustration of approaches to analyze the impact of insurance structure on the resulting financial losses (Monte Carlo Simulation combining frequency and severity; RISKCOMPOUND). Deriving key metrics to compare options (cost of capital compared to volatility reduction, SOLVER). Presented by Derek Thrumble Managing Partner, Analytics – Gallagher Specialty
Related topics:

More from this channel

Upcoming talks (0)
On-demand talks (185)
Subscribers (50794)
Palisade Company is the world’s leading provider of risk and decision analysis software solutions for science and industry. Our array of software products and custom services enhance the management experience by combining the latest in cutting-edge technology with over 35 years of analytics experience. Palisade’s unified software platform helps clients increase margins, improve performance, expand market share, and maximize operational efficiencies. We have a very simple mission: to minimize risk while maximizing potential.