Insurance Risk Profiling in Alberta



The main objective of this study is to develop an “Atmospheric Risk Composite Score” and then a “Catastrophic Risk for Alberta – Atmospheric Hazard” score as per the FSA boundaries for the Alberta province, Canada. This is based on three atmospheric natural hazards viz. 50 Year Return Wind-speed, Average Number of Days with Hail, Number of Tornadoes per Year (per 10,000 sq. km.). This exercise is set to explore natural hazards data for Alberta and develop a summary of atmospheric risks similar to the type of risk scoring that is used by the insurance industry.