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Catastrophe Risk Modeling and Extreme Value Theory With Python

by Grant Richman
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Current price ₹4,221.00
Original price ₹4,817.00
Original price ₹4,817.00
Original price ₹4,817.00
(-12%)
₹4,221.00
Current price ₹4,221.00

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Book cover type: Paperback
  • ISBN13: 9798264092480
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Publication Date:
  • Pages: 352
  • Original Price: GBP 37.05
  • Language: English
  • Edition: N/A
  • Item Weight: 817 grams
  • BISAC Subject(s): Insurance / Risk Assessment & Management

Level up your actuarial and analytics toolkit with the most complete, implementation-focused guide to catastrophe portfolios and tail risk. This intensive, 33-chapter blueprint takes you from rigorous theory to exam-style multiple-choice reinforcement and straight into production-ready Python code-chapter by chapter.

Who it's for

  • Actuaries, catastrophe modelers, and reinsurance analysts
  • ERM leaders and capital modelers building internal models
  • Data scientists and quantitative researchers entering insurance risk

What you'll master

  • Extreme Value Theory end to end: domains of attraction, GEV/POT, tail index estimators, declustering, and nonstationary extremes
  • Spatial/spatiotemporal extremes, conditional extremes, and tail dependence for multi-peril portfolios
  • Full catastrophe model pipeline: hazard → exposure → vulnerability → financial terms → portfolio roll-up
  • Year-event tables, OEP/AEP/CDEP, PML and Tail-VaR, uncertainty bands, and secondary uncertainty
  • Rare-event simulation (importance sampling, subset simulation) for extreme quantiles and exceedance probabilities
  • Reinsurance structuring and optimization; ILS, triggers, and basis risk analytics
  • Climate conditioning, trend-aware EVT, model validation, and governance

Build real portfolios, not toy examples

  • Calibrate thresholds, tail indices, and return levels on sparse, messy data
  • Construct EP curves with uncertainty overlays; attribute risk by region/peril/layer
  • Simulate occurrence and aggregate treaties with reinstatements and hours clauses
  • Quantify and manage basis risk for indemnity, parametric, and modeled-loss triggers
  • Stress-test nonstationarity and compound events (e.g., wind-surge-rain)

Why this book

  • Dense, practitioner-grade coverage with a direct line to real decisions
  • Designed for on-the-job impact: each topic closes with runnable Python workflows
  • Bridges actuarial rigor and catastrophe engineering, so you can price, allocate capital, and communicate tail risk with confidence

Upgrade your models, tighten your capital, and outpace uncertainty. Start building industrial-grade catastrophe analytics today.

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