Estimation of insurance premiums for coverage against natural disaster risk: an application of Bayesian Inference

This study applies Bayesian Inference to estimate flood risk for 53 dyke ring areas in the Netherlands, and focuses particularly on the data scarcity and extreme behaviour of catastrophe risk. The probability density curves of flood damage are estimated through Monte Carlo simulations. Based on thes...

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Bibliographic Details

Published in:	Natural Hazards and Earth System Sciences
Main Authors:	Y. Paudel, W. J. W. Botzen, J. C. J. H. Aerts
Format:	Article
Language:	English
Published:	Copernicus Publications 2013-03-01
Online Access:	http://www.nat-hazards-earth-syst-sci.net/13/737/2013/nhess-13-737-2013.pdf