Stochastic simulation of catastrophic hail and windstorm indemnities in the Dutch greenhouse sector

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    Abstract

    A risk analysis was performed to examine the effect of changes in the Dutch greenhouse sector on the probability of occurrence and magnitude of indemnities induced by catastrophic natural hazards. Analyzed historical indemnities, which included direct and consequential losses resulting from severe hail and windstorms, were used as input in a stochastic simulation model. Applications of the stochastic simulation model were illustrated under alternative risk conditions. A comparison was made between the current structure of greenhouse production and the expected structure in the next decade that differs with respect to the spatial distribution and average size.
    Original languageEnglish
    Pages (from-to)761-769
    JournalRisk Analysis
    Volume21
    Issue number4
    DOIs
    Publication statusPublished - 2001

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