Paul Hoff's Public Library

probabilistic model, the output is either a probabilistic loss distribution or a set of events that could be used to create a loss distribution; probable maximum losses (PMLs) and average annual losses (AALs) are calculated from the loss distribution.
Insurers and risk managers use cat modeling to assess the risk in a portfolio of exposures. This might help guide an insurer's underwriting strategy or help them decide how much reinsurance to purchase.
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- Insurance rating agencies such as A. M. Best and Standard & Poor's use cat modeling to assess the financial strength of insurers that take on catastrophe risk. Reinsurers and reinsurance brokers use cat modeling in the pricing and structuring of reinsurance treaties. Likewise, cat bond investors, investment banks, and bond rating agencies use cat modeling in the pricing and structuring of catastrophe bond.

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20 Nov 09

utilities are like the cell phone network owners, and platform owners such as
Silver Spring Networks
create lucrative apps that exploit the Smart Grid
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- future opportunities for startups will be in the apps
- companies that can exploit the platform and create apps that can be sold
  directly to consumers
- think of a customer that is not the utility, since the utility sales cycles are
  long and they move slowly on new business models
- Opower, a startup that shows people how
  they can save money on their energy bills
- Smart Grid plays such as China’s Solar City
- killer apps in the future will be in the storage of electricity, either in
  central storage repositories at the utilities, in individual homes, or in
  charging stations for electric vehicles
- battery technology
- Bryce Lee, managing director at Credit Suisse
- hardware are necessary and important in the initial building of Smart Grids
- smart metering companies and networking companies are doing well
- inundate utilities with a huge amount of data
- derivatives that come from the infrastructure will follow
- information technology players such as IBM, Oracle, SAP, Siemens and Google are
  likely to be acquisitive in this market, Wagner said

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06 Nov 09

TidePowerd is building tools for developers who want to leverage the power of GPU computing in their applications. Their compiler/runtime hybrid automatically handles many common GPU development tasks so that developers can concentrate on the important parts of their code.