Discovery Projects - Grant ID: DP200101859

Funding Activity

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Funded Activity Summary

Extreme Value Theory Approaches to Insurance in a Catastrophic Environment. Recent decades are marked by numerous significant natural (climate change) or man-made (financial crises) catastrophes, which have significantly altered the landscape of the insurance industry. These have potentially significant negative impacts on the availability and affordability of insurance, and hence on the capability and capacity of households and businesses to take risks and be competitive. This project endeavours to establish progressive approaches (using extreme value theory) to the challenges faced by insurance in such a catastrophic environment. They will enhance the financial stability and competitivity of the Australian economy, and further establish its global leadership in dealing with climate changes and catastrophes.

Funded Activity Details

Start Date: 01-09-2020

End Date: 31-08-2025

Funding Scheme: Discovery Projects

Funding Amount: $310,000.00

Funder: Australian Research Council