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Global Assessment Report on Disaster Risk Reduction 2013
From Shared Risk to Shared Value: the Business Case for Disaster Risk Reduction |
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Global Assessment Report on Disaster Risk Reduction 2013
From Shared Risk to Shared Value: the Business Case for Disaster Risk Reduction |
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113
(Source: PCRAFI)
(Source: PCRAFI)
(Source: UNISDR)
Box 7.1 Comprehensive risk assessment in the Pacific
Based on the experience of the Caribbean Islands, the Pacific Island countries decided to set up a risk transfer facility for the region. This gave birth to the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI). vi PCRAFI provides Pacific Island countries with disaster risk modelling and assessment tools (SOPAC, 2010
SOPAC (South Pacific Applied Geoscience Commission). 2010.,SOPAC Overview: Introduction to the Applied Geoscience and Technology Division.. . Initially, PCRAFI provided 15 countries with disaster risk assessment tools (see Figure 7.7 below). Among these tools are regional historical hazard and loss databases; probabilistic hazard models for major hazards including cyclones, earthquakes and tsunamis; and a comprehensive exposure database.
Country-specific catastrophe risk models have been developed using these tools, along with catastrophe risk profiles (Figure 7.8).
Fig 7.7 Map of annual average losses in Fiji
Figure 7.8 Loss exceedance curve for Fiji
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