Global hazards and catastrophic risk : assessments, practitioners and decision making in reinsurance / Mojdeh Keykhah.

Material type: Text

TextSeries: Discussion paper (Belfer Center for Science and International Affairs (U.S.)) ; 2000-22Publication details: [Cambridge, Mass. : Harvard University], 2000Description: 27 leavesReport number: 2000-22DDC classification:

514.74 21

Subject: Over the last decade, catastrophic natural perils have caused unprecedented losses for the insurance industry. The Hurricane Betsy baseline was supplanted by Hurricane Andrew in 1992. Causing over $19 billion in insured losses, this hurricane prompted an industry wide "cognition of catastrophe". After Andrew, reinsurers invested in the purchase and development of hazard assessments in order to convert the perception of change events towards a framing of a lack of strategic knowledge, and therefore manageable through greater incorporation of scientific expertise. This paper investigates the saliency, credibility and legitimacy of two forms of catastrophe assessments for the Atlantic hurricane risk, and evaluates their effectiveness towards reinsurance decision outcomes

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	Australian Emergency Management Library	BOOK	514.74 GLO (Browse shelf(Opens below))	Available		011797810

"Global Environmental Assessment Project . Environment and Natural Resources Program"--Cover

Cover title

Spiral bound

Includes bibliography (p. 17-23)

Over the last decade, catastrophic natural perils have caused unprecedented losses for the insurance industry. The Hurricane Betsy baseline was supplanted by Hurricane Andrew in 1992. Causing over $19 billion in insured losses, this hurricane prompted an industry wide "cognition of catastrophe". After Andrew, reinsurers invested in the purchase and development of hazard assessments in order to convert the perception of change events towards a framing of a lack of strategic knowledge, and therefore manageable through greater incorporation of scientific expertise. This paper investigates the saliency, credibility and legitimacy of two forms of catastrophe assessments for the Atlantic hurricane risk, and evaluates their effectiveness towards reinsurance decision outcomes

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