Author Archives: Sam Gibson

About Sam Gibson

Sam has worked at RMS for 10 years, focusing on risk analytics and structuring for cat bonds. During his time at RMS, he has worked on dozens of risk financing projects for private and public entities alike. Such projects include the award-winning parametric cat bond issued by the New York State following Superstorm Sandy to protect the NY Metropolitan Transit Authority from storm surge in the future. Prior to joining RMS, Sam completed a master's degree in operational research and a bachelor's degree in mathematics, both from the University of Warwick.

Irma: Using Cat in a Box Tools to Assess Scenarios

22:30 UTC  Wednesday, September 6

Sam Gibson, director – Consulting, RMS

With Irma moving swiftly through the Caribbean as a Category 5 hurricane, currently producing sustained winds around 185 miles per hour (297 kilometres per hour), concern is building as to the potential impacts of another major hurricane landfalling in the U.S. Although Irma’s actual path as it approaches Florida is very uncertain, there are analytical techniques available to help gain insight into the range of potential damage.

The RMS Cat in a Box (CIAB) application is designed for the assessment of parametric contracts, and can evaluate the probability of storms intersecting a specific geographic region whilst having certain severity characteristics. The application will output the list of events which intersect these areas and produce the associated Exceedance Probability (EP) curve.

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