Preview

Author(s):	Smolka, A.; Hollnack, D.
Title:	Risk Management for Natural Perils - The View of a Global Reinsurer
Abstract:	Loss statistics for natural disasters demonstrate, also after correction for inflation, a dramatic increase in the loss burden since 1950 which was well confirmed by recent disasters like Hurricane Katrina 2005 and the South Asian tsunami 2004. This increase is driven by a concentration of population and values in urban areas, the development of highly exposed coastal and valley regions, the complexity of modern societies and technologies and probably also by the emerging consequences of global warming. This process will continue unless remedial action is taken. This requires a holistic risk management process which starts with hazard identification and moves on to hazard and risk evaluation. Risk evaluation forms the basis for controlling and financing future losses. Natural disaster insurance plays a key role in this context, but also private parties and governments have to share a part of the risk. A main responsibility of governments is to formulate regulations for building construction and land use. The insurance sector and the state have to act together in order to create incentives for building and business owners to take loss prevention measures.
Source:	Geomechanik und Tunnelbau 1 (2008), No. 2
Page/s:	103-111
Language of Publication:	German

I would like to buy the article

You can download this article for 25 € as a PDF file (1.39 MB).
The PDF file can be read, printed and saved.
Duplication and forwarding to third parties is not allowed.

To enquire about the cost of the contribution and to order the PDF, please send us an e-mail to marketing@ernst-und-sohn.de. You can also use the following button.

make a request

I am an online subscriber

As an online subscriber of the journal "Geomechanik und Tunnelbau" you can access this article via Wiley Online Library.

I would like to order "Geomechanik und Tunnelbau"

This article has been published in the journal "Geomechanik und Tunnelbau". If you would like to learn more about the journal, you can order a free sample copy or find out more information on our website.

Prices include VAT and postage. Prices for 2017/2018.
€ Prices apply to Germany only. Subject to alterations, errors excepted.