Risks 2013, 1(3), 176-191; doi:10.3390/risks1030176
Article

Impact of Climate Change on Heat Wave Risk

1email, 2email, 3email and 3,* email
Received: 1 November 2013; in revised form: 3 December 2013 / Accepted: 5 December 2013 / Published: 12 December 2013
(This article belongs to the Special Issue Application of Stochastic Processes in Insurance)
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Abstract: We study a new risk measure inspired from risk theory with a heat wave risk analysis motivation. We show that this risk measure and its sensitivities can be computed in practice for relevant temperature stochastic processes. This is in particular useful for measuring the potential impact of climate change on heat wave risk. Numerical illustrations are given.
Keywords: climate change; risk measure; heat wave risk; temperature modeling; Ornstein–Uhlenbeck process
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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MDPI and ACS Style

Biard, R.; Blanchet-Scalliet, C.; Eyraud-Loisel, A.; Loisel, S. Impact of Climate Change on Heat Wave Risk. Risks 2013, 1, 176-191.

AMA Style

Biard R, Blanchet-Scalliet C, Eyraud-Loisel A, Loisel S. Impact of Climate Change on Heat Wave Risk. Risks. 2013; 1(3):176-191.

Chicago/Turabian Style

Biard, Romain; Blanchet-Scalliet, Christophette; Eyraud-Loisel, Anne; Loisel, Stéphane. 2013. "Impact of Climate Change on Heat Wave Risk." Risks 1, no. 3: 176-191.

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