Abstract
This article will discuss the use of results from popular Property Catastrophe models. It will explain common terms like Occurrence Exceedance Probability (OEP) and Aggregate Exceedance Probability (AEP) and show how these are related to event count and event size ideas. Simulation and the use of multiple models (blending) will also be discussed.
Keywords: Catastrophe Modeling, Occurrence Exceedance Probability, OEP, Aggregate Exceedance Probability, AEP, Probable Maximum Loss, PML
Volume
Spring, Vol. 2
Page
1-15
Year
2017
Categories
Business Areas
Reinsurance
Aggregate Excess/Stop Loss
Publications
Casualty Actuarial Society E-Forum
Prizes
Reinsurance Prize
