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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
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

Key Features of the 2003 U.S. Hurricane Model

L
O
S
S

Basin-wide stochastic tracks with realistic lifetime histories

Models clash and risk from by-passing storms

Incorporates extra- tropical transition

Time-stepping windfield calculations

Directional factors for surface roughness

High-resolution topography/land cover calculations and VRG hazard storage

Component-based vulnerability, calibrated using claims and engineering studies

Regional code and construction variations

Detailed building inventory

Secondary modifiers, including age and and mitigation measures

More Realistic Set of Stochastic Tracks

Explicit Modeling of Transitioning Storms

Transitioning storms form when tropical systems interact with the jet stream in mid-latitudes

Windfield of a transitioning storm is broader than its hurricane counterpart

The strongest winds transfer to the right-hand side of the storm over a broader area

The winds on the left-hand side are much weaker

THE RISK TRANSFERS TO THE RIGHT

Wind Swath

Historical Transitioning Storms

New, High-Resolution Time-Stepping Methodology
for Modeling Wind-Land Interaction

Regional Differences in Vulnerability

New model differentiates vulnerability based on regional building practices and state building codes and enforcement

Ultra-High Resolution Implementation of New Storm Surge Model

New Orleans: maximum inundation for Cat 4 hurricane

Miami: VRG reconstruction of Hurricane Andrew surge

2003 Tropical Storms: North Atlantic & East Pacific