Natural Catastrophe Risk Management And Modelling - A Practitioner'S Guide

Uniquely, this book will provide a first practical and theoretical reference for all users of catastrophe models.

The target community for this book is the growing number of catastrophe model users and regulators in insurance, and to a growing community of users in all areas of strategic planning for risk (e.g. World Bank, governments, NGOs, local authorities and global disaster management agencies). By combining the state of the art knowledge of leading academic, commercial modelling and practitioners, the book will provide an introduction that is comprehensive in breadth, authoritative, state of the art, and concise. It will achieve this by introducing all key facts, terms and concepts, and then providing access to more technical works where these are available. Some important technical details are not covered elsewhere, and these will be covered in more depth.

The book is designed to be suitable for undergraduate, postgraduate and professional users, including analysts, developers, actuarial, compliance and regulatory, science disciplines related, and others who either use or could potentially make use of, catastrophe models. Readers of the book should be able to better understand the construction and use of catastrophe models, providing knowledge of their strengths and weaknesses, as well as key uncertainties, to support their interpretation, effective validation and justifications now required by insurance regulation.

This book will arrive at a period of significant methodological and computational change, regulatory demands and increased user awareness and sophistication, as well as an increasing level of model criticism. It also coincides with a significant growth in potential users, including governmental, NGO and other groups where catastrophe models have risen to be a key toolset for risk management and disaster mitigation strategies. Themes related to recent and imminent changes in model methods and computational approaches, including the cloud, will be included.

Kirsten Mitchell-Wallace, PhD is EMEA Regional Head of Catastrophe Management at SCOR,?Zurich, Switzerland

Matthew Jones, PhD is Director at Cat Risk Intelligence, UK

John Hillier, PhD is Senior Lecturer in Physical Geography at Loughborough University, Loughborough, UK

Matthew Foote is Group Head of Exposure Management at Argo Group International Holdings,?London, UK