Springer celebrates 175 years of publishing excellence! Join us >>

Huebner International Series on Risk, Insurance and Economic Security

Catastrophe Modeling

A New Approach to Managing Risk

Editors: Grossi, Patricia, Kunreuther, Howard (Eds.)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-0-387-23129-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-0-387-23082-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $139.00
price for USA
  • ISBN 978-0-387-24105-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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, FLA), 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.

 

"This book fills a critical need in setting forth the role of modern risk analysis in managing catastrophe risk. There is no comparable reference work for this important subject area. The book is well written and well organized. It contains contributions from many of the most distinguished experts in the fields of risk analysis and risk management. It strikes a good balance between the technical aspects of the subject and the practical aspects of decision making."

"This book is strongly recommended for individuals who must make decisions regarding the management of impacts of catastrophe risks including those in both the public and private sector."

Wilfred D. Iwan

Professor of Applied Mechanics, Emeritus

Director, Earthquake Engineering Research Laboratory

California Institute of Technology

"The authors have captured the essence of catastrophe modeling: its value, its utility and its limitations. Every practitioner in the catastrophe risk field should read this book."

Franklin W. Nutter, President

Reinsurance Association of America

Table of contents (9 chapters)

  • Introduction: Needs, Stakeholders, and Government Initiatives

    Patricia Grossi, Howard Kunreuther

    Pages 3-21

  • An Introduction to Catastrophe Models and Insurance

    Patricia Grossi, Howard Kunreuther, Don Windeler

    Pages 23-42

  • The Risk Assessment Process: The Role of Catastrophe Modeling in Dealing with Natural Hazards

    Mehrdad Mahdyiar, Beverly Porter

    Pages 45-68

  • Sources, Nature, and Impact of Uncertainties on Catastrophe Modeling

    Patricia Grossi, Don Windeler

    Pages 69-91

  • Use of Catastrophe Models in Insurance Rate Making au]Dennis^Kuzak

    Tom Larsen

    Pages 97-118

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-0-387-23129-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-0-387-23082-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $139.00
price for USA
  • ISBN 978-0-387-24105-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Catastrophe Modeling
Book Subtitle
A New Approach to Managing Risk
Editors
  • Patricia Grossi
  • Howard Kunreuther
Series Title
Huebner International Series on Risk, Insurance and Economic Security
Series Volume
25
Copyright
2005
Publisher
Springer US
Copyright Holder
Springer-Verlag US
eBook ISBN
978-0-387-23129-7
DOI
10.1007/b100669
Hardcover ISBN
978-0-387-23082-5
Softcover ISBN
978-0-387-24105-0
Series ISSN
0924-5014
Edition Number
1
Number of Pages
XX, 252
Number of Illustrations and Tables
65 b/w illustrations, 4 illustrations in colour
Topics