The paper is available for download as a PDF document by completing the information below.

Analyzing and Preparing for Multiple Event Seasons begins with a recap of the 2004 season and examines how unusual it was from both a frequency and insured loss standpoint. Next, it discusses how AIR's process for generating simulated events results in a stochastic catalog that explicitly accounts for the probability of multiple events in a single year. The paper concludes with a case study that demonstrates several ways in which companies can use AIR's CATRADER and CLASIC/2 systems to easily generate estimates of the probability of multiple-event seasons and of their associated losses. Finally, we examine how to evaluate a variety of reinsurance options to prepare for multiple event seasons in the future.

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