Quantifying the Impact of Non-Modeled Catastrophes on Homeowners Experience

Abstract
Much has been done in recent years to quantify the impact of hurricanes and earthquakes on Homeowners loss experience, primarily through the construction of simulation models. Non-modeled catastrophes, primarily Wind, have retained the standard catastrophe ratemaking methodology. This paper examines various different ways of improving that methodology via the incorporation of other states' data.
Volume
Winter
Page
285-316
Year
2003
Categories
Actuarial Applications and Methodologies
Ratemaking
Large Loss and Extreme Event Loading
Business Areas
Homeowners
Publications
Casualty Actuarial Society E-Forum
Authors
Israel Krakowski