Counterfactual analysis and terrorism risk

10-09-2017

The ‘counterfactual analysis of historical events’—scenarios that could have happened but have not—is an important tool not only for the assessment of uncertainty and disaster preparedness, but also for catastrophe insurance risk management, such as the estimation of the probable maximum loss.


Monte Carlo, Terrorism risk, Gordon Woo, RMS, Counterfactual risk, Insurance, Global

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