The understanding and quantification of extreme climatic events (also) has implications in the financial industry. In this session we are going to look at the insurance and reinsurance industries and how they are affected by the mathematics of planet Earth. We are going to explore the methods and implications of adequately quantifying the risk arising from extreme climatic events, and discuss how a new generation of hedge funds invests in the insurance linked securities space, that is tied to extreme catastrophic events.

This talk is part of the UK Launch of Mathematics of Planet Earth 2013. More info @ www.newton.ac.uk/events/2013/mpe/