{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,8,2]],"date-time":"2025-08-02T17:36:37Z","timestamp":1754156197782,"version":"3.41.2"},"reference-count":26,"publisher":"Emerald","issue":"3","license":[{"start":{"date-parts":[[2023,10,13]],"date-time":"2023-10-13T00:00:00Z","timestamp":1697155200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["MF"],"published-print":{"date-parts":[[2024,2,21]]},"abstract":"<jats:sec><jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title><jats:p>The simulated scenarios can be used to compute risk premiums per risk class in the portfolio. These can then be used to adjust the policy premiums by accounting for storm risk.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title><jats:p>A complete model to analyse and characterise future losses of the property portfolio of an insurance company due to hurricanes is proposed. The model is calibrated by using the loss data of the Fidelidade insurance company property portfolio resulting from Hurricane Leslie, which hit the\u00a0centre of continental Portugal in October, 2018.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Findings<\/jats:title><jats:p>Several scenarios are simulated and risk maps are constructed. The risk map of the company depends on its portfolio, especially its exposure, and provides a Hurricane risk management tool for the insurance company.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title><jats:p>A statistical model is considered, in which weather data is not required. The authors reconstruct the behaviour of storms through the registered claims and respective losses.<\/jats:p><\/jats:sec>","DOI":"10.1108\/mf-03-2023-0163","type":"journal-article","created":{"date-parts":[[2023,10,12]],"date-time":"2023-10-12T06:28:35Z","timestamp":1697092115000},"page":"634-652","source":"Crossref","is-referenced-by-count":0,"title":["The impact of hurricanes on a property portfolio: an empirical study based on loss data in Portugal"],"prefix":"10.1108","volume":"50","author":[{"given":"Andrea","family":"Hauser","sequence":"first","affiliation":[]},{"given":"Carlos","family":"Rosa","sequence":"additional","affiliation":[]},{"given":"Rui","family":"Esteves","sequence":"additional","affiliation":[]},{"given":"Lourdes","family":"Bugalho","sequence":"additional","affiliation":[]},{"given":"Alexandra","family":"Moura","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0002-2156-3609","authenticated-orcid":false,"given":"Carlos","family":"Oliveira","sequence":"additional","affiliation":[]}],"member":"140","published-online":{"date-parts":[[2023,10,13]]},"reference":[{"issue":"3-4","key":"key2024022407301723700_ref001","doi-asserted-by":"publisher","first-page":"949","DOI":"10.1007\/s00382-014-2329-8","article-title":"Severe autumn storms in future western europe with a warmer Atlantic ocean","volume":"45","year":"2015","journal-title":"Climate Dynamics"},{"issue":"718","key":"key2024022407301723700_ref002","doi-asserted-by":"crossref","first-page":"92","DOI":"10.1002\/qj.3406","article-title":"Seasonal forecast skill for extratropical cyclones and windstorms","volume":"145","year":"2019","journal-title":"Quarterly Journal of the Royal Meteorological Society"},{"issue":"5","key":"key2024022407301723700_ref003","doi-asserted-by":"crossref","first-page":"2049","DOI":"10.1175\/MWR-D-15-0251.1","article-title":"A dynamically based climatology of subtropical cyclones that Undergo tropical transition in the North Atlantic basin","volume":"144","year":"2016","journal-title":"Monthly Weather Review"},{"volume-title":"Managing Extreme Climate Change Risks through Insurance","year":"2013","key":"key2024022407301723700_ref004"},{"issue":"1","key":"key2024022407301723700_ref005","doi-asserted-by":"crossref","first-page":"5","DOI":"10.1023\/A:1010933404324","article-title":"Random forests","volume":"45","year":"2001","journal-title":"Machine Learning"},{"issue":"1","key":"key2024022407301723700_ref006","doi-asserted-by":"crossref","first-page":"99","DOI":"10.1146\/annurev.fluid.37.061903.175702","article-title":"The Physics of tropical cyclone motion","volume":"37","year":"2005","journal-title":"Annual Review of Fluid Mechanics"},{"issue":"1","key":"key2024022407301723700_ref007","doi-asserted-by":"crossref","first-page":"91","DOI":"10.1057\/palgrave.gpp.2510155","article-title":"Insurability of climate risks","volume":"33","year":"2008","journal-title":"The Geneva Papers on Risk and Insurance-Issues and Practice"},{"issue":"1","key":"key2024022407301723700_ref008","doi-asserted-by":"crossref","first-page":"99","DOI":"10.1175\/2008MWR2491.1","article-title":"The spatial distribution and evolution characteristics of North Atlantic cyclones","volume":"137","year":"2009","journal-title":"Monthly Weather Review"},{"issue":"4","key":"key2024022407301723700_ref009","doi-asserted-by":"crossref","first-page":"582","DOI":"10.1111\/1468-0440.00084","article-title":"Climate change and the insurance industry","volume":"25","year":"2000","journal-title":"The Geneva Papers on Risk and Insurance-Issues and Practice"},{"issue":"10","key":"key2024022407301723700_ref010","doi-asserted-by":"crossref","first-page":"2821","DOI":"10.5194\/nhess-11-2821-2011","article-title":"High-resolution refinement of a storm loss model and estimation of return periods of loss-intensive storms over Germany","volume":"11","year":"2011","journal-title":"Natural Hazards and Earth System Sciences"},{"volume-title":"The Elements of Statistical Learning: Data Mining, Inference, and Prediction","year":"2017","key":"key2024022407301723700_ref011"},{"volume-title":"Data Analysis Using Regression and Multilevel\/hierarchical Models","year":"2006","key":"key2024022407301723700_ref012"},{"issue":"9","key":"key2024022407301723700_ref013","doi-asserted-by":"crossref","first-page":"1783","DOI":"10.1002\/grl.50360","article-title":"More hurricanes to hit western europe due to global warming","volume":"40","year":"2013","journal-title":"Geophysical Research Letters"},{"issue":"5","key":"key2024022407301723700_ref014","doi-asserted-by":"crossref","first-page":"721","DOI":"10.5194\/nhess-6-721-2006","article-title":"Winter storm risk of residential structures ndash; 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