What constitutes ‘industry good practice’ for catastrophe modelling within the framework of the Solvency II requirements, pertaining to the approval and use of an Internal Model.
Therefore, the authors have attempted to describe ‘good’ practice, rather
than necessarily the ‘current’ practices.
IPCC report on climate variations, inter glacial temperatures and Ice ages.
Palaeoclimatic observations indicate that abrupt decadal to centennial-scale changes in the regional frequency of tropical cyclones, floods, decadal droughts and the intensity of the African-Asian summer monsoon very likely occurred during the past 10 kyr. However, the mechanisms behind these abrupt shifts are not well understood, nor have they been thoroughly investigated using current climate models.
It might be argued that if you look hard enough, you can find a correlation
between solar cycles and anything, such as cycles in the stockmarket Continue reading
Solar Max Double Peak