Risk Modeling for Hazards and Disasters covers all major aspects of catastrophe risk modeling, from hazards through to financial analysis. It explores relevant new science in risk modeling, indirect losses, assessment of impact and consequences to insurance losses, and current changes in risk modeling practice, along with case studies. It also provides further insight into the shortcomings of current models and examines model risk and ideas to diversify risk assessment. Risk Modeling for Hazards and Disasters instructs readers on how to assess, price and then hedge the losses from natural and manmade catastrophes. This book reviews current model development and science and explains recent changes in the catastrophe modeling space, including new initiatives covering uncertainty and big data in the assessment of risk for insurance pricing and portfolio management. Edited by a leading expert in both hazards and risk, this book is authored by a global panel including major modeling vendors, modeling consulting firms, and well-known catastrophe modeling scientists. Risk Modeling for Hazards and Disasters provides important insight into how models are used to price and manage risk. Includes high profile case studies such as the Newcastle earthquake, Hurricane Andrew and Hurricane Katrina Provides crucial information on new ideas and platforms that will help address the new demands for risk management and catastrophe risk reporting Presents the theory and practice needed to know how models are created and what is and what is not important in the modeling process Covers relevant new science in risk modeling, indirect losses, assessment of impact and consequences to insurance losses, and current changes in risk modeling practice, along with case studies
Based on the research that has been conducted at Wharton Risk Management Center over the past five years on catastrophic risk. Covers a hot topic in the light of recent terroristic activities and nature catastrophes. Develops risk management strategies for reducing and spreading the losses from future disasters. Provides glossary of definitions and terms used throughout the book.
The impacts of natural and man-made disasters have increased exponentially over the past few decades. Moreover, with our global interconnectedness and the growing scale of disasters, today's catastrophic disasters can have regional, national, and even global economic consequences. Following in the tradition of the successful first edition, Hazards Analysis: Reducing the Impact of Disasters, Second Edition provides a structure and process for understanding the nature of natural and human-caused disasters. Stressing the role of hazard risk management for public, private, and nonprofit organizations, the author and expert contributors cover problem solving, risk analysis, and risk communications to ensure readers are in a position to identify key problems associated with hazards and the risks that they present. The book details a systematic process of hazards identification, vulnerability determination, and consequence assessment for the natural, built, and human environment. Using a cross-disciplinary approach, this book effectively demonstrates how to use the results of vulnerability assessment, spatial analysis, and community planning to reduce adverse disaster outcomes and foster social, economic, and environmental sustainability. Throughout, the book stresses that hazards analysis is not an isolated process but one that must engage the local community. Complete with clearly set objectives, key terms, discussion questions, satellite images and maps, and ancillary websites for further study, this authoritative guide covers every element of the hazard analysis process in a step-by-step format. Hazards Analysis presents time-proven strategies for building sustainable communities, identifying and prioritizing risks, and establishing successful disaster prevention and relief strategies prior to a disaster.
Containing the papers from the 11th International Conference on Computer Simulation in Risk Analysis and Hazard Mitigation 2018, this book will be of interest to those concerned with all aspects of risk management and hazard mitigation, associated with both natural and anthropogenic hazards. Current events help to emphasise the importance of the analysis and management of risk to planners and researchers around the world. Natural hazards such as floods, earthquakes, landslides, fires and others have always affected human societies. The more recent emergence of the importance of man-made hazards is a consequence of the rapid technological advances made in the last few centuries. The interaction of natural and anthropogenic risks adds to the complexity of the problems. The included papers, presented at the Risk Analysis Conference, cover a variety of topics related to risk analysis and hazard mitigation.
The Hindu Kush Himalayan (HKH) region is highly vulnerable to earthquakes and water-induced disasters. This fragile mountain region is under tremendous stress from climate change and land-use degradation that has accelerated flash floods, river-line floods, erosion, and wet mass movements during the monsoon period and drought in the non-monsoon period. Against the backdrop of intensifying disasters and in the absence of a focused documentation of disaster risk reduction issues in the HKH region, this volume presents a comprehensive body of knowledge. The main purpose and objective of this publication is to connect existing data, research, conceptual work, and practical cases on risk, resilience, and risk reduction from the HKH region under a common analytical umbrella. The result is a contribution to advancing disaster resilience and risk reduction in the HKH region. The book will be of special interest to policy makers, donors, and researchers concerned with the disaster issues in the region.
Natural Hazards, People's Vulnerability and Disasters
Author: Piers Blaikie
The term 'natural disaster' is often used to refer to natural events such as earthquakes, hurricanes or floods. However, the phrase 'natural disaster' suggests an uncritical acceptance of a deeply engrained ideological and cultural myth. At Risk questions this myth and argues that extreme natural events are not disasters until a vulnerable group of people is exposed. The updated new edition confronts a further ten years of ever more expensive and deadly disasters and discusses disaster not as an aberration, but as a signal failure of mainstream 'development'. Two analytical models are provided as tools for understanding vulnerability. One links remote and distant 'root causes' to 'unsafe conditions' in a 'progression of vulnerability'. The other uses the concepts of 'access' and 'livelihood' to understand why some households are more vulnerable than others. Examining key natural events and incorporating strategies to create a safer world, this revised edition is an important resource for those involved in the fields of environment and development studies.
Analysis focussed on governments in developing countries
Author: Stefan Hochrainer
Publisher: Springer Science & Business Media
Category: Business & Economics
Stefan Hochrainer develops a catastrophe risk management model. It illustrates which trade-offs and choices a country must make in managing economic risks due to natural disasters. Budgetary resources are allocated to pre-disaster risk management strategies to reduce the probability of financing gaps. The framework and model approach allows cross country comparisons as well as the assessment of financial vulnerability, macroeconomic risk, and risk management strategies. Three case studies demonstrate its flexibility and coherent approach.
Social science research conducted since the late 1970s has contributed greatly to society's ability to mitigate and adapt to natural, technological, and willful disasters. However, as evidenced by Hurricane Katrina, the Indian Ocean tsunami, the September 11, 2001 terrorist attacks on the United States, and other recent events, hazards and disaster research and its application could be improved greatly. In particular, more studies should be pursued that compare how the characteristics of different types of events-including predictability, forewarning, magnitude, and duration of impact-affect societal vulnerability and response. This book includes more than thirty recommendations for the hazards and disaster community.
Emphasizes Resilient Policies, Rather Than Rigid Philosophy Economic and environmental consequences of natural and man-made disasters have grown exponentially during the past few decades. Whether from hurricanes, chemical spills, terrorist incidents, or other catastrophes, the negative impacts can often be felt on a global scale. Natural Hazards Analysis: Reducing the Impacts of Disasters evaluates critical preparedness issues that emergency managers must face before, during, and after disasters of any kind. Using a cross-disciplinary approach, this book effectively demonstrates how to use the results of GIS tools, spatial analysis, and remote sensing to reduce adverse disaster outcomes and to foster social, economic, and environmental sustainability. Complete with clearly set objectives, key terms, discussion questions, satellite images and maps, and ancillary websites for further study, this authoritative guide covers every element of the hazard analysis process in a step-by-step format. Provides Framework for Understanding Hazard Consequences in Variety of Environments This handbook-style volume stresses the key roles problem solving, decision making, and risk communication serve as means of ensuring all hazard elements are accurately identified and appropriately addressed. It is filled with proven techniques for effective community planning and hazard mitigation and for ongoing restorative efforts in disaster-ridden areas. In one comprehensive source, this book contains all the information needed to analyze risks and establish successful disaster prevention and relief strategies prior to a disaster event. This resource provides ready-to-implement tools that will benefit for a wide audience, including: National, federal, and local emergency management teams Environmental planning professionals in the public and private sectors Recovery response entities including the Red Cross and Salvation Army Students enrolled in university emergency management programs