Abstract
Some reasons are given for paying special attention to the gross cost of catastrophe claims in planning and control. A method is then described of defining catastrophe claims and estimating their expected cost. The various steps in applying the method to real data and its performance for planning and control are discussed and illustrated in conjunction with an investigation carried out on a company portfolio.
Keywords: Large claims, planning and control, fire insurance, machinery breakdown insurance
Volume
17:2
Page
171
Year
1987
Categories
Financial and Statistical Methods
Extreme Event Modeling
Business Areas
Fire and Allied Lines
Business Areas
Homeowners
Business Areas
Reinsurance
Practice Areas
Risk Management
Publications
ASTIN Bulletin
