Natural Disaster Protection Programs: New Zealand Experience. Dr Hugh Cowan, New Zealand Earthquake Commission SVS Seminar, Santiago September 2, 2010. New Zealand Setting. Sergio Barrientos , 2010. To What Extent Can We..... A void the risk? C ontrol the risk? A ccept the risk?
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New Zealand Experience
Dr Hugh Cowan,
New Zealand Earthquake Commission
SVS Seminar, Santiago
September 2, 2010
Sergio Barrientos, 2010
...and at what cost?
…so, when would you like
the cost benefit analysis?
……before or after the next event?
treatment of risk
to reduce physical
Insurance and Fund
Mitigate financial impacts
and maintain value
Fire following any of aboveEQCover Perils
Storm & Flood
M 6.5 – 6.9
Probabilistic earthquakehazard map
1950 - 2006
M 6.5 – 6.9
Minerva Loss estimates for December 2007, Gisborne earthquake
Minerva loss estimates and actual claims for December 2007, Gisborne earthquake
The Claim Process
The Claim Process – Another View
gaps in knowledge…
Guidance material for
Television, press and internet advertising
Research and “GeoNet”
Lower Reinsurance Premiums
Building Codes and Land-use Planning
Through the insurance industry
Independently of Insurance Industry
Compulsion – the options:
The other side of compulsion – limitations and guarantees
Nature of Fund could be:
Each community or nation must decide, according to their needs or preferences...