Mathematical Aspects of Terrorism Hazard
- Topics:
- Insurance
- Tags:
- Finance,
- Strategy,
- Security,
- Risk Management Solutions,
- Risk Management,
- Risk,
- Management,
- Homeland Security,
- Government,
- Financial Services,
- ...
- Source:
- Risk Management Solutions
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Overview: Financial protection has long been provided against a battery of malevolent human actions: from burglary and arson to hijacking, piracy, kidnapping and mugging. Whatever the vagaries of human nature, criminal intent is one of the more predictable traits, and many types of crime are sufficiently frequent to generate substantial volumes of statistical data. Natural catastrophes are notoriously low-frequency high-severity events, the risk of which cannot be evaluated using experience data alone. As such, this article discusses the mathematical models of the underlying stochastic processes that have been developed in order to quantify their risk.
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Format: HTML | Date: Apr 2002 | Pages: 3



