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Título:
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Design and implementation of seismic risk insurance to cover low-income homeowners by a cross-subsidy strategy
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Autor/a:
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Marulanda, Mabel C.; Barbat Barbat, Horia Alejandro; Cardona, Omar Darío; Mora, Miguel
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Otros autores:
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Universitat Politècnica de Catalunya. Departament de Resistència de Materials i Estructures a l'Enginyeria; Universitat Politècnica de Catalunya. (MC)2 - Grup de Mecànica Computacional en Medis Continus |
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Abstract:
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This paper discusses how a catastrophe risk model–based on metrics such as the Probabilistic Maximum Loss and the Average Annual Loss– has been used to estimate, building by building, the probabilistic losses of different portfolios of exposed elements. It also explains how a risk transfer instrument to cover the private housing in Manizales, Colombia, was designed, promoting the insurance culture and covering the low-income homeowners
through a cross-subsidy strategy. This instrument is a voluntary collective insurance promoted by the city
administration and the insurance industry, using the mechanism of the property-tax payment. The program provides financial protection not only to the estate-tax payers but also to the low-income homeowners that cannot pay the tax due to their income limitations. This collective insurance helps the government to access key resources
for low-income householder recovery and improve disaster risk management at local level. |
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Materia(s):
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-Àrees temàtiques de la UPC::Enginyeria civil::Geotècnia::Sismologia
-Àrees temàtiques de la UPC::Desenvolupament humà i sostenible::Desenvolupament humà::Risc i vulnerabilitat
-Earthquake hazard analysis
-Seismic risk
-insurance instruments
-catastrophe risk model
-probable maximum loss
-expected annual loss
-risk premium
-Risc sísmic |
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Derechos:
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Tipo de documento:
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Artículo - Versión publicada
Objeto de conferencia |
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