PA011
Closing the natural hazards insurance protection gap in developing economies with Earth Observation data
Closing the natural hazards insurance protection gap in developing economies with Earth Observation data
Session ID#: 79079
Session Description:
A significant portion of total disaster losses in developing economies is uninsured, leaving governments and individuals at great risk of financial shocks. This is referred to as the insurance protection gap. Earth Observation (EO) based imagery can characterize natural hazards, exposed building and infrastructure assets and their vulnerability. This is vital information for a country government looking to understand its disaster risk and develop risk-informed planning and policy, including risk financing and insurance. Partnerships between the private insurance sector and government agencies, when working through public infrastructure and programs, can also utilize EO-derived data to create viable markets for insurers and encourage insurance coverage. Proposals are encouraged that pertain to space-based applications, data, models and partnerships that help to reduce the natural catastrophe protection gap and/or support the development of insurance markets.
Index Terms:
4336 Economic impacts of disasters [NATURAL HAZARDS]
4337 Remote sensing and disasters [NATURAL HAZARDS]
4351 International organizations and natural disasters [NATURAL HAZARDS]
6610 Funding [POLICY SCIENCES & PUBLIC ISSUES]
Primary Convener: Shubharoop Ghosh, ImageCat, Inc., Long Beach, CA, United States
Convener: Stuart Fraser, Fraser Disaster Risk Consulting Ltd, Brighton, United Kingdom
Primary Liaison: Shubharoop Ghosh, ImageCat, Inc., Long Beach, CA, United States
See more of: Public Affairs
