Modelibrary.

07 Catastrophic risk

Insurance for
fish farms.

Risk
Fish-stock losses
Horizon
12-month period
Method
Monte Carlo simulation

Fish-stock losses

The project uses statistical modelling to simulate fish-stock losses.

It models mortality over a 12-month period and uses Monte Carlo simulation to replicate annual loss events.

Application

The source describes the results being used for salmon and tilapia in Canada, Norway, Scotland, Chile and Brazil.

Fig. 01

Diagram: six observed years laid out month by month; a season-long block is taken from a different year for each of spring, summer, autumn and winter, and the four are joined into one synthetic year.
Seasonal blocks drawn from the observed record and reassembled into a synthetic series.

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