Adjusting catastrophe model ensembles using importance sampling, with application to damage estimation for varying levels of hurricane activity
Abstract Risk modellers in the insurance industry use catastrophe models to estimate the distribution of possible damage from natural catastrophes. The output from catastrophe models is often adjusted to create alternative risk scenarios. These adjustments are made for many reasons, such as to refle...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2020-01-01
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| Series: | Meteorological Applications |
| Subjects: | |
| Online Access: | https://doi.org/10.1002/met.1839 |