What does a catastrophe modeler do?
What does a catastrophe modeler do?
What is Catastrophe Modeling? Catastrophe modeling allows insurers and reinsurers, financial institutions, corporations, and public agencies to evaluate and manage natural catastrophe risk from perils ranging from earthquakes and hurricanes to flood and wildfire.
What is a catastrophe analyst?
Catastrophe risk analysts predict how much damage wind storms will cause – and how much they will cost.
What are the components of catastrophe models?
There are four basic modules to all cat models, regardless of the peril being modeled. These modules are event, hazard/intensity, vulnerability, and financial.
What is RMS model?
Catastrophe Models by Category. RMS has over 200 peril models in nearly 100 countries enabling insurers, reinsurers and other organizations to quantify the potential magnitude and probability of economic loss from catastrophe events.
What is Nat Cat Modelling?
Natural catastrophes (sometimes referred to as “nat cat”) that are modeled include: Hurricane (main peril is wind damage; some models can also include storm surge) Earthquake (main peril is ground shaking; some models can also include tsunami, fire following earthquakes, liquefaction, and sprinkler leakage damage)
What is Nat cat Modelling?
What is an air model?
Air quality models use mathematical and numerical techniques to simulate the physical and chemical processes that affect air pollutants as they disperse and react in the atmosphere.
Why study Catastrophe Risk Management?
The quantity and scale of catastrophic events around the world is growing and changing. This is creating a global demand for people who can understand and utilize catastrophe models. The AIR Institute’s mission is to be a center of excellence for catastrophe risk management training and education.
How do I become an air Institute certified extreme event modeler?
We give you hands-on training in our software and how it can be used to explore the assumptions underlying the models, understand uncertainty, and interpret model results. After completing the program requirements, you become an AIR Institute Certified Extreme Event Modeler. The Certified Extreme Event Modeler Program has gone virtual!
Who is China’s first air certified extreme event modeler?
Dr. Li Zhang of China Re is congratulated by AIR President Emeritus Ming Lee for becoming China’s first AIR Certified Extreme Event Modeler in August 2014. “AIR’s Program was truly excellent.
