Economic Consequences of Catastrophic Events Can be Mitigated by Parametric Insurance When Modelled with Actuarial Methods and Geospatial Analytics
Video
Team Information
Team Members
Perry Beaumont, Lecturer, Business Certificate Program, School of Professional Studies, Columbia University
Abstract
The frequency and severity of catastrophic events around the globe (earthquakes, tropical storms, tsunamis, floods, and wildfires) have led to a reluctance of insurance companies to cover these risks. Parametric insurance modeled with actuarial methods and geospatial analytics can help to offer a welcome solution, where insureds can benefit from economic relief related to adverse developments and insurers can have well-defined exposures.
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Team Contact: Perry Beaumont (use form to send email)
