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Insurance Industry
C/B/638. Managing the catastrophe risk within the insurance industry
- WORDS:
- 1500
- DATE:
- 2007
- PRICE:
- 19.99 GBP
The insurance industry has observed a large increase in the frequency and severity of catastrophes in the last 10 years. However, the majority of them still could not predict the scale of losses that the 11 September terrorist attack would bring, or that Katrina, Rita and Wilmar hurricanes will all take place in 2005. The work discusses which tools the insurance industry can use to estimate their exposure, the amounts of looses that the catastrophes have brought and discusses the future actions of the insurers.
KEYWORDS: Insurance, catastrophe, Katrina, Rita, hurricane, risk management, frequency, terroris,
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