CCII

Climate change and the Insurance Industry

Coordinatore	NORSK REGNESENTRAL STIFTELSE    more  Organization address address: Gaustadalleen 23 a/b city: OSLO postcode: 373 contact info Titolo: Dr. Nome: Lars Cognome: Holden Email: send email Telefono: 4722852500 Fax: -4722697660
Nazionalità Coordinatore	Norway [NO]
Totale costo	927˙974 €
EC contributo	927˙974 €
Programma	FP7-PEOPLE Specific programme "People" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
Code Call	FP7-PEOPLE-2007-3-1-IAPP
Funding Scheme	MC-IAPP
Anno di inizio	2008
Periodo (anno-mese-giorno)	2008-08-01   -   2012-07-31

 Partecipanti

#	participant	country	role	EC contrib. [€]
1	NORSK REGNESENTRAL STIFTELSE  Organization address address: Gaustadalleen 23 a/b city: OSLO postcode: 373 contact info Titolo: Dr. Nome: Lars Cognome: Holden Email: send email Telefono: 4722852500 Fax: -4722697660	NO (OSLO)	coordinator	0.00
2	Corporation of Lloyd's  Organization address address: One Lime Street city: London postcode: EC3M7HA contact info Titolo: Mr. Nome: Trevor Cognome: Maynard Email: send email Telefono: 0044 02073276141 Fax: 0044 02073276141	UK (London)	participant	0.00
3	Gjensidige Forsikring  Organization address address: Drammensveien 288 city: Oslo postcode: 1326 contact info Titolo: Mrs. Nome: Elisabeth Cognome: Nyeggen Email: send email Telefono: -22967953 Fax: +47 22697660	NO (Oslo)	participant	0.00
4	LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE  Organization address address: Houghton Street 1 city: LONDON postcode: WC2A 2AE contact info Titolo: Ms. Nome: Bhimla Cognome: Dheermojee Email: send email Telefono: 0044 20 7955 6825 Fax: 0044 20 7955 6187	UK (LONDON)	participant	0.00

Mappa

 Word cloud

Esplora la "nuvola delle parole (Word Cloud) per avere un'idea di massima del progetto.

 Obiettivo del progetto (Objective)

'Recent documents from the Intergovernmental Panel on Climate Change and the UK Stern Review, have argued cogently that governments, industry and agencies should urgently address the scientific, economic and social implications of climate. The insurance industry must start adapting in response to weather and climate risks. Climate and weather forecasting hosts a wide range of scientific and mathematical methods with a heavy computational base. Insurance mathematics is a rich field, developing advanced stochastic and statistical methods within risk theory. The main objective is to bring statisticians, insurance and climate experts together to build a methodological basis for the emerging field of climate change insurance risk. Statistics is a critical part of the project. We will access insurance data from partners and agencies as well as the huge amount of actual and simulated weather and climate data. This gives us the potential to build models and methods of real relevance to decision making in the insurance industry and help inform government and regulators. Work packages include: (i) early warning of losses, (ii) interpretation of climate modelling for risk analysis, (iii) rain and wind losses, (iv) sea temperature risk (v) concurrent causes for increased loss. A range of mathematical and statistical methods will form the bedrock for the project. They include methods from probabilistic risk theory such as extreme events, methods from climate simulation, especially ensemble simulations, statistical methods such as time series and space-time models and methods from structural and system reliability. The project will attach special importance to training and dissemination. Training is critical in a multidisciplinary project as this. Dissemination is a duty imposed by the urgency of the subject and the newness of the climate change insurance risk field. Partners are in Oslo and London: Norwegian Computing Centre, London School of Economics, Lloyd’s, Gjensidige.'