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    Project Case Study South Asia Disaster Insurance & Risk Management

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    Project Case Study South Asia Disaster Insurance & Risk Management

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    South Asia Disaster

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    Project Case Study South Asia Disaster Insurance & Risk Management

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    Delivering a world of solutions Project Case Study

    South Asia Disaster Insurance & Risk Management

    Gujarat 200 year earthquake PGA Brief


    Catastrophe risk modeling for four select states of India to
    forecast losses to housing and public assets exposed to
    earthquakes, cyclones and floods.

    Client
    The World Bank, Washington, DC, USA

    Business Case
    The bank intended to evaluate existing post disaster
    funding mechanisms in the region and explore methods of
    funding the costs of disasters outside the national budget.
    Towards this objective, RMSI developed models to provide
    a preliminary assessment of future losses due to the
    natural disasters based on scientific principles and
    probabilistic methods.

    Stochastic storms modeled for AP & Orissa states Scope of work


    Perils: Earthquakes, Cyclones and Floods
    Region: Four states of India Gujarat,
    Maharashtra, Orissa and Andhra Pradesh
    Assets: Housing and public infrastructure
    educational institutions, medical facilities, roads
    & bridges
    Resolution: all inputs and results at Block level

    Technologies
    Historical events catalogs
    Stochastic events simulation
    Time-stepping Windfield model
    Historical event calibration & validation
    Exposure development
    Vulnerability & loss analyses

    Salient Features
    AP state cyclone Loss cost for housing

    The major challenge is the time available for the


    project was 3 months! The other common
    challenges in this region are data availability,
    accessibility and reliability.
    In-house data generated from the past studies &
    projects are fully made use of.
    Secondary sources like published data and
    literature are also explored intensively.
    Besides in-house software tools many new tools
    were developed for modeling and process
    automation.
    Wherever observed data are available the
    models were calibrated and validated against
    these. The results matched closely enough.
    Although the study is of preliminary nature every
    attempt was made to bring accurate results at
    every step of the project. At many places the
    match is as close as +/-10%.

    Copyright reserved. www.rmsi.com Confidential document

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