|
Record |
Links |
|
Author  |
Jacob Pastor; Ilan Noy; Isabelle Sin |

|
|
Title |
Flood risk and flood insurance in New Zealand |
Type |
Conference Article |
|
Year |
2018 |
Publication |
Proceedings of ISCRAM Asia Pacific 2018: Innovating for Resilience – 1st International Conference on Information Systems for Crisis Response and Management Asia Pacific. |
Abbreviated Journal |
Iscram Ap 2018 |
|
|
Volume |
|
Issue |
|
Pages |
381-399 |
|
|
Keywords |
Flood risk, insurance, liabilities |
|
|
Abstract |
The standard framework for undertaking a risk assessment of a natural hazard involves analyzing the interaction of three components: Hazard data (in the form of maps), the elements exposed to the hazard (exposure), and measures of these elements' vulnerability (understood as the susceptibility to harm or damage). In New Zealand, national flood risk remains unquantified due to the absence of national flood inundation hazard map coverage. In this paper, we develop a methodology that aims to fill this gap by estimating instead the likelihood of a flood insurance claim for a stock of residential buildings. We estimate a non-linear limited-dependent variable model and using a set of fragility functions (also known as damage curves), we calculate the expected monetary losses under plausible flood depth scenarios. The outcome of this research could inform insurers of their potential liabilities and threats to their financial sustainability in the face of flood and storms. |
|
|
Address |
Victoria University of Wellington; Victoria University of Wellington; MOTU |
|
|
Corporate Author |
|
Thesis |
|
|
|
Publisher |
Massey Univeristy |
Place of Publication |
Albany, Auckland, New Zealand |
Editor |
Kristin Stock; Deborah Bunker |
|
|
Language |
English |
Summary Language |
|
Original Title |
|
|
|
Series Editor |
|
Series Title |
|
Abbreviated Series Title |
|
|
|
Series Volume |
|
Series Issue |
|
Edition |
|
|
|
ISSN |
|
ISBN |
|
Medium |
|
|
|
Track |
Understanding Risk, Risk Reduction, Consequences and Forecasting |
Expedition |
|
Conference |
|
|
|
Notes |
|
Approved |
no |
|
|
Call Number |
|
Serial |
1669 |
|
Share this record to Facebook |