Modeling frost losses : application to pricing frost

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MARC record
LDR  00000cab a2200000 4500
001  MAP20180017049
003  MAP
005  20200624140433.0
008  180606e20180301usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎6
100  ‎$0‎MAPA20180008092‎$a‎Assa, Hirbod
24510‎$a‎Modeling frost losses‎$b‎ : application to pricing frost‎$c‎Hirbod Assa, Meng Wang, Athanasios A. Pantelous
520  ‎$a‎The main objective of this article is to model the losses caused by frost events and use it to price frost insurance. Since the data on frost events are either unavailable or rarely available, we have chosen to obtain a model for frost losses based on temperature by using some fundamental agricultural engineering findings on frost damage. The main challenges in modeling frost loss variables are, first, the nonlinearity of the frost losses with respect to the temperature and, second, the fruit resistance to the first few hours of low temperature. We address both issues when introducing our frost loss variable. Then after finding the loss model, we use it to price frost insurance for a general family of insurance contracts that do not generate any risk of moral hazard. In particular, we will find the premiums of stop-loss policies for losses to citrus fruits using Value at Risk, Conditional Value at Risk, and Wang's premium based on temperature data from San Joaquin Drainage in California.
650 4‎$0‎MAPA20080579258‎$a‎Cálculo actuarial
650 4‎$0‎MAPA20080602437‎$a‎Matemática del seguro
650 4‎$0‎MAPA20080608392‎$a‎Riesgos meteorológicos
650 4‎$0‎MAPA20080548575‎$a‎Pérdidas
650 4‎$0‎MAPA20080544133‎$a‎Heladas
650 4‎$0‎MAPA20080597146‎$a‎Influencia climática
650 4‎$0‎MAPA20080578213‎$a‎Seguros agrarios
650 4‎$0‎MAPA20080564322‎$a‎Tarificación
7001 ‎$0‎MAPA20180008153‎$a‎Wang, Meng
7001 ‎$0‎MAPA20150002808‎$a‎Pantelous, Athanasios A.
7730 ‎$w‎MAP20077000239‎$t‎North American actuarial journal‎$d‎Schaumburg : Society of Actuaries, 1997-‎$x‎1092-0277‎$g‎05/03/2018 Tomo 22 Número 1 - 2018 , p. 137-159