Demystifying copulas: An interactive lesson

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Revision as of 16:52, 25 March 2025 by Myriad-admin (talk | contribs)

Author(s):

Organisation(s)/Authors:

Description:

An EXCEL-based exploration, creating your first copula in a step-by-step exercise. Then, using this to understand how correlation affects joint risk in multi-hazard / compound risk scenarios through simulation.

Technical Considerations:

Key Words:

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

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