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EVENT GENERATOR FOR A RISK QUANTIFYING FORECAST SYSTEM USING A STRUCTURED FORWARD-LOOKING SIMULATION TECHNIQUE WITH GLOBAL LONG-TAIL RISK EVENTS CAUSING CASUALTY LOSS ACCUMULATION, AND METHOD THEREOF
EVENT GENERATOR FOR A RISK QUANTIFYING FORECAST SYSTEM USING A STRUCTURED FORWARD-LOOKING SIMULATION TECHNIQUE WITH GLOBAL LONG-TAIL RISK EVENTS CAUSING CASUALTY LOSS ACCUMULATION, AND METHOD THEREOF
Proposed is an event generator (10) generating risk events (2) for clash-quantifying, multi-risk assessment systems (1) with automated assessment of multi-risk exposures induced by the generated risk events (2), liability catastrophes (21) and casualty accumulations (22). A plurality of affected units (3) are subject to the risk exposure of the occurring risk events (2) caused by one or a plurality of causing liability risk exposed units (4). The event generator performs a scenario selection by means of a scenario selector (104) selecting relevant LLC/ULC/ELC scenarios (1001) from the scenarios (1001) of a data structure (101). Based on the selected scenarios (10001), concrete events (1002) are generated by means of the event generator (10).
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