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Spring Meeting Workshops

Session:: Quantifying Volatilities in Reinsurance with NGM [Separate Registration Required]

WS-5 - Quantifying Uncertainties in Reinsurance with NGM [Separate Registration Required]

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In this session we will define some concepts in natural catastrophe uncertainties in the reinsurance markets. We will see how physical and financial uncertainties are modeled and quantified and then transformed into expected variability and volatility. We will discuss how measures of variability and volatility are used in estimation of reinsurance losses, in accumulations and portfolio concentration and in construction of portfolio risk metrics for reporting to all tiers of the reinsurance firm.

Learning Objectives:

  • Define the nature of uncertainty and volatilities in reinsurance markets
  • See how physical & claims and loss uncertainties and volatilities in reinsurance markets are quantified into expected volatilities.
  • See how uncertainties & volatilities are used in loss estimates and reported in a natural catastrophe modeling platform.