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Catastrophe risk is fundamentally different from normal risk.
| A catastrophe risk analyst on the dangers for insurance companies.
Dimon demanded to see the catastrophe risk in every region the firm covered.
In "Catastrophe: Risk and Response" (2004), he took up the problem of low-probability, high-impact events.
Authors PW, CJT and AG are employed by Risk Management Solutions Inc., a catastrophe risk modelling company.
The Caribbean Catastrophe Risk Insurance Facility, a scheme backed by the World Bank, will pay out $8.5m.
Whatever the usefulness of the models, the debate may make reinsurers' attitude to catastrophe risk less reactive.
Intentional threats, which are also known as human-induced hazards including terrorism, have become a worldwide catastrophe risk since recent years.
4/8/2011: Congratulations to Lynne Burks for receiving the National Science Foundation Graduate Research Fellowship and Stanford's Shah Family Fellowship for research on catastrophe risk management.
He said he hoped the new facility would spur development of a market for pandemic risk, similar to that for natural catastrophe risk since the 1990s.
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It had been just 13 years since Karen Clark's model swept the industry, but the entire catastrophe risk-taking industry now lived at the mercy of these modelers.
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