2026-09-21T21:07:11Zhttps://wakespace.lib.wfu.edu/server/oai/request

oai:null:10339/907452026-09-02T12:44:50Zcom_10339_14934col_10339_38132

Jin, Zhuoli 2018-05-24T08:36:15Z 2018-05-24T08:36:15Z 2018 https://wakespace.lib.wfu.edu/handle/10339/90745 We present a complete working example of using regional climate model projections to estimate the changing risks of temperature index-based insurance products defined for a series of locations in California. This region is a major agricultural producer for the US and the world. The climate model projections are an ensemble of six regional climate model runs obtained from the North American Regional Climate Change Assessment Program. Hindcasts for the period of 1971-2000 are compared to historical observed temperature data for bias and variance corrections. Adjusted future model projections are used to estimate distributions of cooling degree days for 2041-2070, which are then used to estimate risk measures for index-based insurance products defined for cooling degree day indices. More broadly, this thesis provides a transparent illustration of climate data processing, climate model bias correction, and the use of climate data products to explore actuarial risks. en Wake Forest University climate risk NARCCAP regional climate model weather derivative INCORPORATING CLIMATE CHANGE PROJECTIONS INTO RISK MEASURES OF INDEX-BASED INSURANCE Thesis Erhardt, Robert Raynor, Sarah Gemmer, John Mathematics and Statistics open.access