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Insured loss inflation : how natural catastrophes affect reconstruction costs

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20170028765
003  MAP
005  20170907114102.0
008  170904e20170904usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎328.1
100  ‎$0‎MAPA20170011422‎$a‎Dohrmann, David
24510‎$a‎Insured loss inflation‎$b‎: how natural catastrophes affect reconstruction costs‎$c‎David Döhrmann, Marc Gürtler, Martin Hibbeln
300  ‎$a‎29 p.
520  ‎$a‎In the aftermath of a natural catastrophe, there is increased demand for skilled reconstruction labor, which leads to significant increases in reconstruction labor wages and hence insured losses. Such inflation effects are known as "Demand Surge" effects. It is important for insurance companies to properly account for these effects when calculating insurance premiums and determining economic capital. We propose an approach to quantifying the Demand Surge effect and present an econometric model for the effect that is based on 192 catastrophe events in the United States. Our model explains more than 75 percent of the variance of the Demand Surge effect and is thus able to identify the key drivers of the phenomenon.
650 4‎$0‎MAPA20080551346‎$a‎Inflación
650 4‎$0‎MAPA20080600204‎$a‎Catástrofes naturales
650 4‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 4‎$0‎MAPA20080581886‎$a‎Primas de seguros
650 4‎$0‎MAPA20130006123‎$a‎Capital económico
650 4‎$0‎MAPA20080602659‎$a‎Modelos econométricos
700  ‎$0‎MAPA20160011463‎$a‎Gürtler, Marc
7001 ‎$0‎MAPA20160011524‎$a‎Hibbeln, Martin
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎04/09/2017 Volumen 84 Número 3 - septiembre 2017 , p. 851-879