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How DFA Can Help the Property/Casualty Industry, Part 4
Hurricanes Katrina, Rita, Wilma...
Catastrophes: Models and Reserving
Risk Measures
Reinsurer Results:
Catastrophe and Strengthening
Hurricanes: 2003 and 2004 Results, Clustering and TransitioninG
2003 Hurricanes: Isabel
2004 Hurricanes:
Charley, Frances, Ivan, and Jeanne
Evaluating Model Performance
Claims Data Initiative
Demand Surge and Non-Modeled Losses
Clustering and Seasonal Deductibles
A Look Ahead
Brushfire and Fire Following Exposures
Tsunami Exposure Worldwide and U.S.
Wind and Hail: Relative Hazard Levels
Cat Modeling Class
Introduction to Reinsurance
Holborn Technical Seminar
Catastrophe, Injury, and Insurance
Review of Myers & Read ARIA Paper
A Perfectly Ordinary Tuesday Morning
This is Not Your Father’s Cat Model
Global Warming and Increased Catastrophes?
Reinsurer Risk Loads from Marginal Surplus Requirements, PCAS LXXVII
Reinsurance Markets
Risk Transfer Assessment
Introduction to Asset Returns and Risks
CAS Call Paper Panel
Ceded Reinsurance Issues in DFA
Catastrophe Reinsurance Simulation Game
Reinsurance by any other name
Clash Pricing
ALLOCATION OF SURPLUS FOR A MULTI-LINE INSURER
Optimization to Improve Business Performance

 

 
May 12-13, 2005
Laurie A. Johnson
2005 Client Technical Seminar

Hurricane Charley (Cat 4)

Charley Insights

Windfield modeling accurately captured:

  • Storm’s unique characteristics, including narrow swath

  • High-resolution differentiation of windspeeds(i.e. VRG)

Poor performance of older construction (pre-2002 FBC) and mobile homes

Hurricane Frances (Strong Cat 2)

Frances Insights

Vulnerability module captured code and inventory differences:

  • 70-80% of buildings on east coast had plywood or engineered shutters (compared to ~20% for Charley)

  • Clear examples of amplified damage in older buildings (>15 years)

Hurricane Ivan (Cat 3)

Ivan Insights

Vulnerability modeling captured state-level variability:

  • Improved building performance in Pensacola area due to Florida Building Code (implemented statewide in 2002)

Hurricane Jeanne (Cat 3)

Jeanne Insights

Importance of aggregate view of risk:

  • Aggregate demand surge, seasonal deductibles, aggregate reinsurance limits, no. of reinstatements

Jeanne Damage – Ft. Pierce Barrier Island Region

Residential areas

  • Older shingle roof losses

  • Blue tarps are from Frances

Old roof covering vs. new roof covering