Uploaded byDmytro Malyk
Introduction to Cat Modeling
This document provides an overview of catastrophe modeling. It discusses what catastrophe modeling is, why it is used, and how the models work. Catastrophe models use computer simulations to estimate the location, magnitude, and damage of potential natural disaster events. The models calculate expected loss frequencies and insured losses. They help answer questions about where future events may occur and their potential impacts.
Introduction to Cat Modeling
- 1. Fundamentals of CatModeling
- 2. Agenda • What iscatastrophe modeling? • Why use cat models? • How cat models work • Cat models inputs • Cat models outputs & analytics • Considerations/adjustments Fundamentals of Cat Modeling
- 3. What is CatastropheModeling
- 4. A computerized systemthat generates a robust set of simulated events and: Estimates the magnitude/intensity and location Determines the amount of damage Calculates the possible insured loss Cat models are designed to answer: Where future events can occur How big future events can be Expected frequency of events Potential damage and insured loss What is a Catastrophe Model
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- 7. How Cat ModelsWork
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- 16. Terminology – ModelResults
- 17. Terminology – ModelResults
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- 24. 25 Years ofCat Modeling
- 25. 25 Years ofCat Modeling
- 26. 25 Years ofCat Modeling
- 27. 25 Years ofCat Modeling
- 28. 25 Years ofCat Modeling
- 29. 25 Years ofCat Modeling
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