2026-07-09http://hdl.handle.net/123456789/532720Economic analysis of weather risk often depends on accurate assessment of the probability (P) of tail quantiles (Q). Extreme value theory can provide a promising estimation of the tail part risk and this paper intends to apply the extreme value model to estimate the tail risk on India excess rainfall.Modeling the Tail Distribution and Ratemaking: An Application of Extreme Value TheoryText