Consequence modeling for the insurance industry new philosophies and methods

摘要

The fire,explosion and other property damage incidents which occur in the process industries oftne result in large insurance claims-in some instances they may be large enough to threaten the survival of the companies concerned.Because of this,insurance underwriters must understand the loss potential of the sites they insure.Due to the large number of scenarios possible and the number of sites insured,the tools used must be capable of quick and easy use.As a result,usually only a limited number of scenarios are explored,sometimes resulting in a sarifice of accuracy to speed and simplicity which may,in turn,result in non-optimal insurance arrangements.