Abstract Details
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Activity Number:
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309
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Type:
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Invited
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Date/Time:
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Tuesday, August 5, 2014 : 10:30 AM to 12:20 PM
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Sponsor:
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SSC
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Abstract #310788
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Title:
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Assessing the Impact of Climate Change on Home Insurance
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Author(s):
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Vyacheslav Lyubchich and Sylvia Esterby and Yulia R. Gel*+ and Marwah Soliman
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Companies:
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University of Waterloo and University of British Columbia and University of Waterloo and University of Texas at Dallas
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Keywords:
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time series ;
nonparametrics ;
forecasting ;
spatial statistics ;
environmental statistics ;
trend detection
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Abstract:
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The climate change brings increasingly more alterations and permanent impact on all aspects of human life and welfare. Hence, it is of particular interest to investigate how trends in climatic variables, for example, such as precipitation and wind speed, are related to each other and to study their association with dynamics of various ecological, geological, economic and socio-demographic factors. In particular, aligning climatic trends with actuarial information is currently one of the major concerns for insurance companies in assessing the impact of climate change on insurance claims and prices. In this talk we focus on recent developments in statistical methodology for evaluating and predicting dynamics of weather-related house insurance claims in Canada.
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Authors who are presenting talks have a * after their name.
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