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Modeling Fundamentals

18/04/2018 - 12 min read

Modeling Fundamentals: Understanding Uncertainty

In this article, Dr. Jayanta Guin, AIR Chief Research Officer, introduces some key concepts and answers the fundamental questions: What is uncertainty, where does it come from, and how is it treated in models?

25/03/2013 - 5 min read

Modeling Fundamentals: What Is AAL?

This article explains the fundamentals behind the calculation of average annual loss (AAL). An upcoming article will address some common misperceptions and frequently asked questions.