Details of Award
NERC Reference : NE/P000703/1
Determining Extreme Values for the Insurance Sector
Grant Award
- Principal Investigator:
- Professor C Brierley, University College London, Geography
- Grant held at:
- University College London, Geography
- Science Area:
- Atmospheric
- Overall Classification:
- Unknown
- ENRIs:
- Environmental Risks and Hazards
- Global Change
- Science Topics:
- Climate & Climate Change
- Regional & Extreme Weather
- Environmental Statistics
- Statistics & Appl. Probability
- Abstract:
- Several industrial sectors require knowledge of climate extremes above and beyond those experienced during the satellite era. Examples include the insurance industry where regulators will soon require adequate capital to cover a 1 in 200 year event; and the nuclear industry which is required to prepare against a 1 in 10,000 year event. The common approach to determine these is to extrapolate from observations over the past 50 years or so, either directly or through the use of a catastrophe model. Often these estimates do not include a quantification of the uncertainties arising from either natural climate variability or climate change. This project aims to determine the risks that are missed by these standard practices.
- NERC Reference:
- NE/P000703/1
- Grant Stage:
- Completed
- Scheme:
- Innovation
- Grant Status:
- Closed
- Programme:
- Follow on Fund Pathfinder
This grant award has a total value of £19,879
FDAB - Financial Details (Award breakdown by headings)
| DI - Other Costs | Indirect - Indirect Costs | DA - Investigators | DA - Estate Costs | DI - Staff | DI - T&S |
|---|---|---|---|---|---|
| £4,098 | £4,435 | £1,152 | £2,098 | £7,088 | £1,008 |
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