Kilburn, Chris;
Edwards, Steve;
(2011)
Getting to grips with non-modelled perils.
Aon Benfield UCL Hazard Centre: London, UK.
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Abstract
Tsunamis generated by the Japan and Chile earthquakes, plus the disruption caused by the Icelandic and Chilean volcanic eruptions, are recent illustrations of why insurers need to better understand how non-modelled perils could impact their portfolios. Improved estimates of risk must include how non-modelled perils contribute to insurance losses and how they link to modelled perils. The Aon Benfield UCL Hazard Centre is working with the insurance industry to apply scientific and technical knowledge in model development and catastrophe management, to create a more accurate picture of insurers’ overall catastrophe risk. Volcanoes, landslides and tsunamis are three key non-modelled perils. This is an introductory guide to highlight 10 important characteristics of each peril, focusing on hazard and vulnerability, which insurers should know and consider when assessing their risks.
| Type: | Report |
|---|---|
| Title: | Getting to grips with non-modelled perils |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://www.ucl.ac.uk/hazard-centre/ |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Maths and Physical Sciences UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Maths and Physical Sciences > Dept of Earth Sciences |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1393551 |
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