Introduction to Catastrophe Risk Modelling

Focusing on the physics of the catastrophe process and addressed directly to advanced students, this innovative textbook quantifies dozens of perils, both natural and man-made, and covers the latest developments in catastrophe modelling. Combining basic statistics, applied physics, natural and environmental sciences, civil engineering, and psychology, the text remains at an introductory level, focusing on fundamental concepts for a comprehensive understanding of catastrophe phenomenology and risk quantification. A broad spectrum of perils are covered, including geophysical, hydrological, meteorological, climatological, biological, extraterrestrial, technological and socio-economic, as well as events caused by domino effects and global warming. Following industry standards, the text provides the necessary tools to develop a CAT model from hazard to loss assessment. Online resources include a CAT risk model starter-kit and a CAT risk modelling 'sandbox' with Python Jupyter tutorial. Every process, described by equations, (pseudo)codes and illustrations, is fully reproducible, allowing students to solidify knowledge through practice. Read more