Natural Catastrophe Models for Insurance Risk Management

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F19%3A39914046" target="_blank" >RIV/00216275:25410/19:39914046 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.wseas.org/multimedia/journals/economics/2019/a035107-699.pdf" target="_blank" >http://www.wseas.org/multimedia/journals/economics/2019/a035107-699.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Natural Catastrophe Models for Insurance Risk Management

Popis výsledku v původním jazyce

Catastrophic events are characterized by three main points: there are relatively rareness, there are statistical unexpected and there have huge impact on the whole society. Insurance or reinsurance is one way of reducing the economic consequences of catastrophic events. Risk management of insurance and reinsurance companies have to have available relevant information for estimation and adjusting premium to cover these risks. The aim of this article is to present two of the useful methods – block maxima method and peaks over threshold method. These methods use information from historical data about insured losses of natural catastrophes and estimates future insured losses. These estimates are very important for actuaries and for risk managers as one of the bases for calculating and adjusting premiums of products covering these types of risks.

Název v anglickém jazyce

Natural Catastrophe Models for Insurance Risk Management

Popis výsledku anglicky

Catastrophic events are characterized by three main points: there are relatively rareness, there are statistical unexpected and there have huge impact on the whole society. Insurance or reinsurance is one way of reducing the economic consequences of catastrophic events. Risk management of insurance and reinsurance companies have to have available relevant information for estimation and adjusting premium to cover these risks. The aim of this article is to present two of the useful methods – block maxima method and peaks over threshold method. These methods use information from historical data about insured losses of natural catastrophes and estimates future insured losses. These estimates are very important for actuaries and for risk managers as one of the bases for calculating and adjusting premiums of products covering these types of risks.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

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OECD FORD obor

10103 - Statistics and probability

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

WSEAS Transactions on Business and Economics

ISSN

1109-9526

e-ISSN

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Svazek periodika

16

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GR - Řecká republika

Počet stran výsledku

9

Strana od-do

9-17

Kód UT WoS článku

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EID výsledku v databázi Scopus

2-s2.0-85063537344