| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Modeling Flood Perils and Flood Insurance Program in Taiwan
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| Autores: |
Chang, Ching-Cheng
Hsu, Wenko
Su, Ming-Daw
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| Data: |
2008-05-08
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| Ano: |
2008
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| Palavras-chave: |
Risk Assessment
Typhoon
Flood Insurance
Financial Analysis
Resource /Energy Economics and Policy
Risk and Uncertainty
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| Resumo: |
Taiwan had approximately 3,000 buildings damaged by floods with an economic loss of NT$12.8 billion annually, a figure 4.5 times more than economic losses due to fire damages. Many insurers become extremely cautious when underwriting their flood policies for people living in areas that are frequently struck by floods. The rising damages also trigger the demand for a mandatory national flood insurance program. This paper describes the development of an integrated flood risk assessment model for Taiwan which contains of a hazard, vulnerability and financial analysis module. We take the perspective that the mandatory program will be provided to fire policyholders as part of building and content insurance to mitigate the financial losses. The issue of a long-term balance between fund accumulations and its claim payouts will be addressed along with policy recommendations based on the modeling results.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
29992
http://purl.umn.edu/6141
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| Relação: |
American Agricultural Economics Association>2008 Annual Meeting, July 27-29, 2008, Orlando, Florida
Selected Paper
467976
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| Formato: |
18
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