Introduction to Natural Catastrophe Modelling

Announcement from the EAA organiser:

Natural Catastrophe Models are a key ingredient for the assessment of Nat Cat risk. Questions like "What losses do we expect from catastrophic events on average?” and "What losses do we need to expect in the worst case?” are becoming more and more relevant, in particular considering climate change. Natural Catastrophe Models attempt to answer these questions in a statistical sense and have become an important tool for the assessment of (re-) insurance contracts for many years now.



In this web session, you will receive an introduction to Nat Cat Modelling and its applications. The basic components of a Nat Cat model will be explained: exposure data, the hazard, vulnerabilities, and the financial model. Sources of uncertainty and methods for quantification will also be discussed. After the first part, we will build our own simple Nat Cat model in a hands-on case study. Finally, we will take a closer look at the results a model can produce and how to use them for pricing in the reinsurance context.

The web session addresses all interested persons who want to learn more about the basics of Natural Catastrophe Modelling. It is beneficial if participants have basic knowledge of reinsurance and statistics.

Technical Requirements

Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure that you are joining the web session with a stable internet connection. The case study will be provided as Microsoft Excel file, hence Microsoft Excel or a compatible software is recommended.

Click here for the registration Your early-bird registration fee is € 150.00 plus 19% VAT for bookings by 17 October 2022. After this date, the fee will be € 205.00 plus 19% VAT.