Jump to ContentJump to Main Navigation
Making Things Valuable$
Users without a subscription are not able to see the full content.

Martin Kornberger, Lise Justesen, Jan Mouritsen, and Anders Koed Madsen

Print publication date: 2015

Print ISBN-13: 9780198712282

Published to Oxford Scholarship Online: October 2015

DOI: 10.1093/acprof:oso/9780198712282.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see http://www.oxfordscholarship.com/page/privacy-policy).date: 24 May 2018

What Is a Catastrophe Model Worth?

What Is a Catastrophe Model Worth?

The (e)Valuative Practices of Cat Analysts in Insurance Companies

(p.167) 8 What Is a Catastrophe Model Worth?
Making Things Valuable

Laure Cabantous

Théodora Dupont-Courtade

Oxford University Press

Catastrophe risk analysts (‘Cat analysts’) increasingly rely on catastrophe models to evaluate insurers’ exposure to catastrophe risks. Yet, distinct catastrophe models do not necessarily give the same evaluation of an insurer’s exposure to risk. How do Cat analysts manage the uncertainty generated by the use of multiple models? How do they combine the dissonant outputs of catastrophe models to make their own evaluation of their company’s exposure to risk? To answer these questions the authors discuss insights from a three-year participant observation at a catastrophe risks team of a European insurance company. Their findings depict Cat analysts as sophisticated ‘qualculators’ whose risk judgements integrate the risk evaluations of several catastrophe models and reflect their expert assessment of the quality of these models. In documenting the ‘qualculative’ practices that sustain the functioning of catastrophe insurance markets, this study offers new insights into the economization of natural hazards.

Keywords:   calculation, insurance, models, natural hazard, risk, valuation, catastrophe

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .