Variance Papers Published Oct. 9-15, 2022

New papers have been published on the Variance website:

“Robust Estimation of Loss Models for Truncated and Censored Severity Data” By Chudamani Poudyal and Vytaras Brazauskas

This paper explores comprehensive and robust estimation of claim-severity models in insurance industry, where data are affected by truncation, censoring, and scaling.

“Can Insurance Achieve its Full Potential for Climate Adaptation?” By Robert Erhardt and Franklin Nutter

Insurance can compensate people for direct climate losses, but it can also incentivize risk reducing behaviors and help guide societies towards greater climate resilience.