Catastrophe Modelling Working Party

Document description

This paper consist of three sections: A Short Introduction – which discusses the role Catastrophes have played recently and some of the reasons they can be expected to continue to cause severe human and economic dislocation. A Review of Scientific Issues associated with Catastrophes. We will then discuss some of the scientific issues surrounding these catastrophes, the subject of climate change and the steps that may be taken to mitigate the damage caused by these events. A Review of Insurance issues and Catastrophe Modelling. In this section we address background to models, how they came into more common usage, overview their construction, give some basic information on some of the models and discuss how they are used in practice.