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Impact of Insurance for Operational Risk: Is it worthwhile to insure or be insured for severe losses?
Operational Risk Loss Distributional Approach Insurance Mitigation
2010/10/22
Under the Basel II standards, the Operational Risk (OpRisk) advanced measurement approach allows a provision for reduction of capital as a result of insurance mitigation of up to 20%. This paper stud...
Based on the available original dust storm records from 60 meteorological stations, we discussed the identification standard of severe dust storms at a single station and constructed a qui...