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q-fin.RM2026
NatPar: Natural Parametric Modeling
Hirbod Assa
We develop natural parametric (NatPar) insurance as the natural next step from natural-catastrophe (NatCat) modelling: the same hazard-exposure-vulnerability-finance machinery, wit…
q-fin.RM2026
The Epistemic Risk of Risk: A Modal Framework for Quantitative Risk Management
Hirbod Assa
Risk governance is not only about identifying and measuring adverse states of the world. It also asks when an institution is entitled to rely on a risk claim. This paper introduces…