To respond appropriately to catastrophic events, people and companies need and want a clear understanding of impacts in the wake of tropical cyclones, earthquakes, storms and other severe natural events. Yet accurately quantifying these impacts on people, businesses, infrastructure and other assets is difficult; damages can vary greatly depending upon the hazard intensity at a location and vulnerability of the assets at risk.
Complicating the process—and increasing the urgency to get it right—are the rapidly evolving conditions within natural hazard events, the multiple factors that contribute to the level of damage an asset or location will sustain, and the non-linear nature of damage and impacts. Thus, accurate damage assessment for a specific building in a hazard event must take into account the 1) location, 2) detailed hazard types and intensities present at that location and 3) response of the building type to those hazards.
The need for this detailed damage information extends beyond those affected directly. With today’s increasingly interconnected world, a global view is essential, as natural hazard events on one side of the world will likely have some effect on people and businesses on the other.
To overcome these complexities, Kinetic Analysis uses site-specific, raw hazard information produced by our real-time hazard modeling combined with ensemble-based damage modeling of individual asset types to produce asset-specific damage estimates for active hazard events. This damage modeling supports two types of impact assessment:
- Damages to client-specific assets
- Damage and operational impact to economic sectors and sector assets
Integrated into Kinetic Analysis’ real-time hazard and impact forecasting system (RTFS), these detailed damage estimates are available in time to inform the critical decisions that need to be made during and immediately after a catastrophic event. Further, because we provide estimates for tropical cyclone and earthquake events globally, we enable our clients’ understanding of impacts from multiple hazards not only to their own assets, but also to locations and facilities of critical importance to their supply chain or partners.
Our asset damage assessments are provided in real time, regardless of the size of the asset database being analyzed. Currently, damage assessment services are available for tropical cyclones and earthquakes globally and are conducted using the same proven approach we apply across hazards, resulting in consistent damage metrics across hazards and across the globe. These fully integrated multi-hazard damage assessments enable clients to monitor and respond to active hazard events with an informed understanding of the direct damage and impacts to people, places and assets at risk.