Description: Catastrophe Risk Assessment Methodology

Catastrophe Risk Assessment Methodology

The Pacific Region is one of the most natural disaster prone regions on earth. The Pacific Island Countries (PICs) are highly exposed to the adverse effects of climate change and natural hazards, which can result in disasters affecting their entire...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	FLOODING TECTONIC PLATES RISK PROFILES EARLY WARNING SYSTEMS CATASTROPHIC EVENTS DISASTER ASSISTANCE RISKS CASUALTIES METEOROLOGICAL ORGANIZATION STORM EARLY WARNING RISK REDUCTION HAZARDS FARMER WIND SPEED INFORMATION SYSTEM INTEREST CHEMICAL TENT STORMS LEGUMES ROOT CROPS INFORMATION RUBBER CASSAVA HEALTH CARE MANGO SAGO PALM DISASTER DAMAGES HEAVY RAINFALL INFLATION DISASTER EVENTS EARTHQUAKES TSUNAMIS YAMS TORNADOES HEAVY RAIN TSUNAMI RELIEF NATURAL DISASTER VOLCANO DISASTER RESPONSE WIND STORM FLOODS SAGO CATASTROPHE LOSS NATURAL HAZARD NATURAL DISASTERS PALM OIL VOLCANIC ERUPTIONS MARKETS FRUITS BARS HAZARD TYPHOON DISASTERS RATES FIRE FARMERS LANDSLIDES DISASTER EVENT RESERVES COCOA RISK ANALYSES NUT TECHNOLOGY DROUGHTS TROPICAL CYCLONE EMERGENCY EARTHQUAKE DISASTER REDUCTION DISASTER RISK CLIMATE CHANGE DROUGHT EFFECTS OF EARTHQUAKES INSURANCE PRODUCTS CATASTROPHIC LOSS LOSSES BANK APPLICATIONS CREDIT MEDICINE RELIEFWEB SALVAGE FLOOD DAMAGE DEBRIS REMOVAL FRUIT RISK EXPOSURE AGRICULTURE DAMAGE NATURAL CATASTROPHE IMPACT OF DISASTERS TROPICAL STORMS DISASTER PREPAREDNESS INVESTIGATIONS FLOOD FOOD EMERGENCY SERVICES VANILLA ERUPTION INSURANCE REGIONAL INTEGRATION LOSS LANDSLIDE RISK INSURANCE SUGARCANE HURRICANE RISK WIND SPEEDS WARNING SYSTEMS TROPICAL CYCLONES FATALITIES GENERATOR DISASTER RISK REDUCTION CLIMATE CONDITIONS PHYSICAL DAMAGE DISASTER MANAGERS RISK MANAGEMENT RICE VOLCANIC ERUPTION STARVATION CASUALTY WEATHER EVENTS AFTERSHOCKS FOODS COVERAGE RISK ASSESSMENTS ERUPTIONS FATALITY NATURAL HAZARDS TYPHOONS DISASTER TYPE PRICES RISK ASSESSMENT POTATO YAM RECONSTRUCTION RISK ANALYSIS
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24655137/catastrophe-risk-assessment-methodology-summary-report http://hdl.handle.net/10986/22104

Description
Summary:	The Pacific Region is one of the most natural disaster prone regions on earth. The Pacific Island Countries (PICs) are highly exposed to the adverse effects of climate change and natural hazards, which can result in disasters affecting their entire economic, human, and physical environment and impact their long-term development agenda. The average annual direct losses caused by natural disasters are estimated at US$284 million. Since 1950 natural disasters have affected approximately 9.2 million people in the Pacific Region, causing 9,811 reported deaths. This has cost the PICs around US$3.2 billion (in nominal terms) in associated damage costs. This report focuses on the development of the country catastrophe risk profiles, the information collected, how it was catalogued and processed, and now being used for a variety of applications in Climate and Disaster Risk Management. The country risk profiles integrate data collected and produced through risk modeling and include maps showing the geographic distribution of assets and people at risk (section one), hazards assessed (section two) and potential monetary losses and casualties (section three). The profiles also include an analysis of the possible direct losses (in absolute terms and normalized by GDP) caused by tropical cyclones and earthquakes, and their impact though severe winds, rainfall, coastal storm surge, ground shaking and tsunami waves. The expected return period indicates the likelihood of a certain specified loss amount to be exceeded in any one year.

Catastrophe Risk Assessment Methodology

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