Abstract

Extreme weather events are becoming more frequent due to climate change. But what is the impact to (long term) flood risk for the financial markets and the insurance sector? And what is the impact of possible long-term transitions initiated by the government? In this seminar different types of flood risk which are typical for the Netherlands are introduced. The available data about statistics and flood scenarios and damage models will be presented and current challenges to model risk with special attention for the financial markets and insurance sector. We will have an open discussion about opportunities to model climate risk in actuarial science and mathematical finance in our department.