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Durham University

Institute of Advanced Study

Past Events

Rowan Douglas: Risk, Capital and Information: Modelling Catastrophe in a Networked World

10th March 2008, 18:15, The Calman Learning Centre, room 202

Society shares the costs of catastrophes such as floods, earthquakes and windstorms through taxation or insurance. The reinsurance industry specialises in evaluating the frequency, severity and financial impact of these extreme events and ensuring that funds are available to cope with natural disasters as they occur.

The last twenty years has seen the rise of a new discipline: Catastrophe Modelling. This has revolutionised the way in which the industry confronts these challenges by integrating science and engineering with risk and reinsurance markets.

Rowan Douglas will describe the role and nature of this modelling challenge, identify avenues for future research and highlight areas in which Durham University is leading modelling developments.

This is seventh and final lecture in the 'Models of the Future' public lecture series.

It is free to attend and open to all.

Rowan Douglas is Chairman of the Willis Research Network. Formed by the global insurance broker, Willis Group Holdings, the Willis Research Network (WRN) is now the largest collaboration between the insurance industry and academia and offers countries and large organisations access to weather and environmental modelling experts.