Advanced numerical modeling and analysis to solve problems in science, engineering, commerce and public policy.
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Advanced numerical modeling and analysis to solve problems in science, engineering, commerce and public policy.
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Systematic Risk Assessment ProductsKAC produces detailed risk assessments of a client's portfolio to quantify the expected loss from expected natural hazards, by combining the results of our rigorous hazard assessment methodology with a database representing the client's exposure. The spatial resolution for a systematic risk assessment is selected according to the client's needs. In-house topography and land-cover databases are combined with custom-collected, site-specific data to construct a detailed database of a client's exposure. This exposure is categorized by type, function and technical specifications, and engineering-based vulnerability functions are used to compute average yearly loss costs, and probable maximum loss costs for a variety of return periods. A systematic risk assessment provides key information required for effective risk management. Loss EstimationSystematic risk assessment is the basis for reliable loss estimation. KAC starts with an assessment of frequency and intensity of meteorological and seismic hazards affecting the area of interest. Depending on the client, this can be a country or smaller political region, or an area where a client’s properties are located. KAC then compiles data on the residential, commercial, institutional and infrastructure for the study area. KAC computes valuation data from a combination of published sources, combined with data derived from satellite imagery and field observations. The structures are classified by type, and by quality of construction, and appropriate vulnerability functions are developed for each class. Accurate representation of the vulnerability functions is essential, as they are used to translate the hazard intensities into damage suffered by each particular class of structure. KAC then uses advanced statistical techniques to compute damage and loss probabilities, based on a rigorous assessment of the hazards. A client can then use this information to identify areas with greatest damage and loss potential, and to set priorities for loss reduction. Risk UnderwritingKAC has the ability to apply its loss estimation technology to the specific portfolio of properties of interest to a client. Detailed data on the exposure provided by the client are used by KAC to compute average yearly loss costs, and probable maximum loss costs for various return periods, for each class of structure within the portfolio of the client. |
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