Transcription of A Guide to Catastrophe Modeling - RMS
{{id}} {{{paragraph}}}
A Guide TO Catastrophe MODELLINGIN ASSOCIATION WITHCat modelling Guide 2008 5/12/08 17:33 Page 12 The Review A Guide to Catastrophe Modelling 2008 Catastrophe MODELLING: A STEP-BY-STEP EXAMPLE1. User enters location data and building characteristics into modelThe basic framework for modelling perils is similar. Thisexample illustrates the steps a user would take to arrive atan estimation of modelled losses from hurricane risk to agiven location. 2. Model geocodes location to its geographic coordinates, identifying location s distance to coast 3. Stochastic event module defines event set for specified location and storm type4. Hazard module generates event information including wind speedand storm surge to determine hazard intensity5. Vulnerability module retrieves hazard intensity and generates average damage (ie, mean damage ratio) andassociated uncertainty factoring in building characteristics (eg, roof type, construction type)6.
advances in information technology and geographic information systems (GIS). While the birth of probabilistic catastrophe risk modelling occurred in the late 1980s, the use of such sophisticated, technical means of monitoring risks was not widely accepted until Hurricane Andrew made landfall in Southern Florida in 1992. As a result of the ...
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}