Know your correlation: An interactive game - Revision history

Myriad-admin at 16:01, 4 April 2025

2025-04-04T16:01:27Z

← Older revision		Revision as of 17:01, 4 April 2025
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	\|Publication Year=2024		\|Publication Year=2024
	\|Access=Open		\|Access=Open
	\|Link=~~https://zenodo.org/records/12532855,~~ https://doi.org/10.5281/zenodo.12532855		\|Link=https://doi.org/10.5281/zenodo.12532855
	\|~~Organisation~~(s)~~/Authors~~=John Hillier, Loughborough ~~Univeristy, UK~~		\|Author(s)=John Hillier
	\|Description=~~Summary~~ of ~~activity: A dice~~-~~rolling~~ game~~, simulating~~ 6 ~~causes of loss~~ (i.e. ~~possible hazards~~) and how dependency ~~affects~~ the chance of loss exceeding a threshold.		\|Organisation(s)=Loughborough University
			\|Description=Aimed at people new to the field of catastrophe risk management or multi-hazard risk, this serious game simulates 6 possible hazards (i.e. causes of loss) and explores how hazard interactions and dependency between lines of business or regions can influence the chance of loss exceeding a threshold. The aim of the game is to explore correlation and dependencies to estimate losses.
	~~Why is~~ the ~~training important: In short, because diversification~~ is ~~the basis of all (re)insurance,~~ and ~~correlation (a.k.a. dependency) destroys diversification. So, it’s fundamental. If we get dependency wrong, we mis-~~estimate ~~risk, mis-price risk etc …~~.
	\|Key Words=Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk		\|Key Words=Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk
	}}		}}

Myriad-admin at 16:00, 25 March 2025

2025-03-25T16:00:09Z

← Older revision		Revision as of 17:00, 25 March 2025
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	\|Key Words=Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk		\|Key Words=Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk
	}}		}}
	~~<div style="text-align:justify">~~
	~~'''Year of publication''': 2024~~

	~~'''Access''': Open~~

	~~'''Link''': https://zenodo.org/records/12532855, https://doi.org/10.5281/zenodo.12532855~~

	~~'''Organisation(s) / Author(s)''': John Hillier, Loughborough Univeristy, UK~~

	~~'''Description:'''~~

	~~Summary of activity: A dice-rolling game, simulating 6 causes of loss (i.e. possible hazards) and how dependency affects the chance of loss exceeding a threshold.~~

	Why is the training important: In short, because diversification is the basis of all (re)insurance, and correlation (a.k.a. dependency) destroys diversification. So, it’s fundamental. If we get dependency wrong, we mis-estimate risk, mis-price risk etc ….

	~~'''Technical considerations''':~~

	~~None~~

	~~'''Keywords''':~~

	~~Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk~~

	~~</div>~~
	~~[[Category:Multi-hazard Risk Assessment]]~~

Myriad-admin at 15:59, 25 March 2025

2025-03-25T15:59:59Z

← Older revision		Revision as of 16:59, 25 March 2025
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			{{MHRA
			\|Publication Year=2024
			\|Access=Open
			\|Link=https://zenodo.org/records/12532855, https://doi.org/10.5281/zenodo.12532855
			\|Organisation(s)/Authors=John Hillier, Loughborough Univeristy, UK
			\|Description=Summary of activity: A dice-rolling game, simulating 6 causes of loss (i.e. possible hazards) and how dependency affects the chance of loss exceeding a threshold.

			Why is the training important: In short, because diversification is the basis of all (re)insurance, and correlation (a.k.a. dependency) destroys diversification. So, it’s fundamental. If we get dependency wrong, we mis-estimate risk, mis-price risk etc ….
			\|Key Words=Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk
			}}
	<div style="text-align:justify">		<div style="text-align:justify">
	'''Year of publication''': 2024		'''Year of publication''': 2024

Myriad-admin at 08:29, 26 June 2024

2024-06-26T08:29:08Z

← Older revision		Revision as of 09:29, 26 June 2024
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	'''Organisation(s) / Author(s)''': John Hillier, Loughborough Univeristy, UK		'''Organisation(s) / Author(s)''': John Hillier, Loughborough Univeristy, UK

	'''Description'''		'''Description:'''

	Summary of activity: A dice-rolling game, simulating 6 causes of loss (i.e. possible hazards) and how dependency affects the chance of loss exceeding a threshold.		Summary of activity: A dice-rolling game, simulating 6 causes of loss (i.e. possible hazards) and how dependency affects the chance of loss exceeding a threshold.

	Why is the training important: In short, because diversification is the basis of all (re)insurance, and correlation (a.k.a. dependency) destroys diversification. So, it’s fundamental. If we get dependency wrong, we mis-estimate risk, mis-price risk etc ….		Why is the training important: In short, because diversification is the basis of all (re)insurance, and correlation (a.k.a. dependency) destroys diversification. So, it’s fundamental. If we get dependency wrong, we mis-estimate risk, mis-price risk etc ….

	'''Technical considerations'''		'''Technical considerations''':

	None		None

	'''Keywords'''		'''Keywords''':

	Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk		Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk

Myriad-admin at 19:48, 25 June 2024

2024-06-25T19:48:44Z

← Older revision		Revision as of 20:48, 25 June 2024
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	</div>		</div>
	[[Category\|Multi-hazard Risk Assessment]]		[[Category:Multi-hazard Risk Assessment]]

Myriad-admin at 19:47, 25 June 2024

2024-06-25T19:47:18Z

← Older revision		Revision as of 20:47, 25 June 2024
Line 21:		Line 21:
	Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk		Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk

	~~Back to '''[[Multi-hazard Risk Assessment\|<span style="color: #374CFF">Multi-hazard Risk Assessment]]'''~~
	</div>		</div>
	[[Category\|Multi-hazard Risk Assessment]		[[Category\|Multi-hazard Risk Assessment]]

Myriad-admin at 19:46, 25 June 2024

2024-06-25T19:46:58Z

← Older revision		Revision as of 20:46, 25 June 2024
Line 23:		Line 23:
	Back to '''[[Multi-hazard Risk Assessment\|<span style="color: #374CFF">Multi-hazard Risk Assessment]]'''		Back to '''[[Multi-hazard Risk Assessment\|<span style="color: #374CFF">Multi-hazard Risk Assessment]]'''
	</div>		</div>
			[[Category\|Multi-hazard Risk Assessment]

Jkh34: A dice-rolling game, simulating 6 causes of loss (i.e. possible hazards) and how dependency affects the chance of loss exceeding a threshold.

2024-06-25T16:47:35Z

A dice-rolling game, simulating 6 causes of loss (i.e. possible hazards) and how dependency affects the chance of loss exceeding a threshold.

New page

<div style="text-align:justify">
'''Year of publication''': 2024

'''Access''': Open

'''Link''': https://zenodo.org/records/12532855, https://doi.org/10.5281/zenodo.12532855

'''Organisation(s) / Author(s)''': John Hillier, Loughborough Univeristy, UK

'''Description'''
Summary of activity: A dice-rolling game, simulating 6 causes of loss (i.e. possible hazards) and how dependency affects the chance of loss exceeding a threshold.

Why is the training important: In short, because diversification is the basis of all (re)insurance, and correlation (a.k.a. dependency) destroys diversification. So, it’s fundamental. If we get dependency wrong, we mis-estimate risk, mis-price risk etc ….

'''Technical considerations'''

None

'''Keywords'''

Insurance, Risk correlation, Natural hazard Dependency, Co-occurring hazards, Compound risk

Back to '''[[Multi-hazard Risk Assessment|<span style="color: #374CFF">Multi-hazard Risk Assessment]]'''
</div>