Risk Management

TransAT : Risk Management

Risk Management

Catastrophe models will be needed in a world where the intensity and frequency (the variance) of hazardous events is ever growing, increasing population in dense areas, combined with vulnerable exposure. Insurance and Re-insurance companies must rely on advanced predictive models for a better and coordinated anticipation of the risks with accurate prediction of potential financial losses and impact. Traditional macro scale models can be combined with local-scale computerized tools (e.g. CFD) that can  simulate extreme events in the form of accurate space and time data, providing data that can be visualized for a better insight of what might be the impact, and thus sound measures of the damages and/or remedies propositions can be made.

 

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