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Simple proxies for risk analysis and natural hazard estimation
This research is aimed at better characterizing the exposure associated with three particular natural hazards – earthquake, flood and wind. The work represents an unprecedented collaboration between three leaders in the field of natural hazards at Western University and the insurance industry through the efforts of individual interns and the associated projects aimed at evaluating risk and the resulting exposure from a practical and relatively simplified perspective. The Property and Casualty Insurance Compensation Corporation (ICLR), in cooperation with member insurers, will provide industrial support and training to three interns in the applied field of insurance risk assessment. The goal of the associated research program is to develop simple proxies for exposure based upon the most important factors associated with each hazard – earthquake, flood and wind. These proxies will be evaluated for various population densities, infrastructure properties and governmental policies.
Faculty Supervisor:
Kristy Tiampo;Slobodan Simonovic;Gregory Kopp
Student:
Partner:
Institute for Catastrophic Loss Reduction
Discipline:
Engineering
Sector:
Finance and Insurance; Professional, scientific and technical services
University:
Western University
Program:
Accelerate
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Mitacs is funded by the Government of Canada, the Government of Alberta, the Government of British Columbia, Research Manitoba, the Government of New Brunswick, the Government of Newfoundland and Labrador, the Government of Nova Scotia, the Government of Ontario, Innovation PEI, the Government of Quebec, the Government of Saskatchewan, and the Government of Yukon.