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Willis Research Network

15 December 2014

3 minutes to read

Stochastic modelling for improving understanding of storm risk

Statistical modelling research in the department of Mathematics and Computer Science has improved the understanding and pricing of insurance risk due to European windstorms and tropical cyclones. Cyclones are fascinating large storms that can have devastating effects on society; Hurricane Sandy which hit New York in November 2012 caused major flooding, resulting in $25-30 billion in insured losses,…

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