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- W2571478508 abstract "Catastrophic events affect various regions of the world with increasing frequency and intensity. The number of catastrophic events and the amount of economic losses is varying in different world regions. Part of these losses is covered by insurance. Catastrophe events in last years are associated with increases in premiums for some lines of business. The article focus on estimating the amount of net premiums that would be needed to cover the total or insured catastrophic losses in different world regions using Buhlmann and Buhlmann-Straub empirical credibility models based on data from Sigma Swiss Re 2010-2016. The empirical credibility models have been developed to estimate insurance premiums for short term insurance contracts using two ingredients: past data from the risk itself and collateral data from other sources considered to be relevant. In this article we deal with application of these models based on the real data about number of catastrophic events and about the total economic and insured catastrophe losses in seven regions of the world in time period 2009-2015. Estimated credible premiums by world regions provide information how much money in the monitored regions will be need to cover total and insured catastrophic losses in next year." @default.
- W2571478508 created "2017-01-13" @default.
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- W2571478508 date "2017-01-01" @default.
- W2571478508 modified "2023-09-23" @default.
- W2571478508 title "Empirical Bayes Credibility Models for Economic Catastrophic Losses by Regions" @default.
- W2571478508 cites W1498987318 @default.
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- W2571478508 doi "https://doi.org/10.1051/itmconf/20170901006" @default.
- W2571478508 hasPublicationYear "2017" @default.
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