Peter Hoeppe Geo Risks Research/Corporate Climate Centre

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Presentation transcript:

Peter Hoeppe Geo Risks Research/Corporate Climate Centre Munich re tools for standardised Nat Cat data collection and hazard mapping 2nd Conference of the OECD International Network on the Financial Management of Large Scale Catastrophes Peter Hoeppe Geo Risks Research/Corporate Climate Centre

Münchener Rück Munich Re NatCatSERVICE – One of the world‘s most comprehensive databases on natural catastrophes From 1980 until today all loss events For USA and selected countries in Europe all loss events since 1970 Retrospectively all Great Natural Catastrophes since 1950 In addition all major historical events starting from 79 AD – eruption of Mt.Vesuvio (3,000 historical data sets) Currently more than 26,000 events documented Natural catastrophes 2008 Great natural catastrophes: Hurricane Ike Cyclone Nargis Earthquake China Winter damage China Extreme temperature (heat wave, forest fires) Flood Storm Earthquake, tsunami, volcanic eruption © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Breakdown into catastrophe categories Catastrophe class Overall losses and/or fatalities Loss profile 1980s* 1990s* 2000 – 2008* Natural event No property damage - none 1 Small-scale loss event Small-scale property damage 1-9 2 Moderate loss event Moderate property and structural damage > 10 3 Severe catastrophe Severe property, infrastructure and structural damage US$ >25m US$ > 40m US$ > 50m > 20 4 Major catastrophe Major property, infrastructure and structural damage US$ > 85m US$ > 160m US$ > 200m > 100 5 Devastating catastrophe Devastating losses within the affected region US$ > 275m US$ > 400m US$ > 500m > 500 6 Great natural catastrophe „GREAT disaster“ Region’s ability to help itself clearly overtaxed, interregional/international assistance necessary, thousands of fatalities and/or hundreds of thousands homeless, substantial economic losses (UN definition). Insured losses reach exceptional orders of magnitude. * Losses adjusted to the decade average. © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Entry details: example Hurrikan Ike Separate entries for the affected countries © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Entry details: example Hurrican Ike Number of fatalities Event description Affected lines of business Affected people Affected infrastructure Affected buildings © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Example: Hurrican Ike - Damages 30/o09/2008 Insured losses Munich Re share Additional loss information Overall losses © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Methodology Expert Consultation Harmonizing terminology of disaster perils CRED Participants Regina Below CRED EM-Dat Susanna Schwarz Swiss Re sigma Hajime Nakano ADRC GLIDE Julio Serge UNDP DesInventar Angelika Wirtz Petra Löw Munich Re NatCatSERVICE © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Structure – peril families Family Main event Sub Peril Geophysical Earthquake Volcanic eruption Mass movement dry Earthquake (Ground shaking) Fire following Tsunami Meteorological Hydrological Volcanic eruption Climatological Subsidence Rockfall Landslide © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Structure – peril families Family Main event Sub Peril Tropical cyclone Winter storm (extratropical cyclone) Tempest/Severe storm Hail storm Lightning Tornado Local windstorm (orographic storm) Sandstorm/Dust storm Blizzard/Snowstorm Geophysical Storm Meteorological Hydrological Climatological © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Structure – peril families Family Main event Sub Peril General flood Flash flood Storm surge Glacial lake outburst flood Geophysical Meteorological Flood Mass movement wet Hydrological Subsidence Avalanche Landslide Climatological © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Structure – peril families Family Main event Sub Peril Heat wave Cold wave / frost Extreme winter conditions Geophysical Meteorological Extreme temperature Drought Wildfire Hydrological Drought Climatological Wildfire Unspecified © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Sources ffffff MR NatCatSERVICE Sources Science Government, UN, EU, NGOs News-Agencies Meteorological Services Insurance © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

Great natural catastrophes 1950 – 2008 Percentage distribution worldwide 285 Loss events 2,000,000 Fatalities Overall losses* US$ 1,970bn Insured losses* US$ 410bn *in 2008 values *in 2008 values Climatological events (Extreme temperature, drought, forest fire) Hydrological events (Flood, mass movement) Meteorological events (Storm) Geophysical events (Earthquake, tsunami, volcanic eruption) © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Services & Analysis Thematic maps © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Download-Center 2008: 30 000 Downloads There are 50 documents available in each language version © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Access&User Clients Staff Analysts, investors NatCatSERVICE General public Science Political committees © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

NATHAN Web-based tool for risk analysis on natural perils worldwide plus additional information on major disasters and country profiles 27.03.2017 © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

MR NatCatSERVICE Services NATHAN - loss information 27.03.2017 © 2009 Münchener Rückversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE. As at June 2009

World Map of Natural Hazards/Globe of Natural Hazards – DVD / Wall map / Folding map

Globe of Natural Hazards 2009 – Products Wall map/Folding map – World Map of Natural Hazards

Globe of Natural Hazards 2009 – Products DVD – Globe of Natural Hazards

Globe of Natural Hazards 2009 What is new? Knowledge in a state of flux All global hazard maps have been updated

Globe of Natural Hazards 2009 What is new? New hazards Topics like flood and climate change are fully integrated

Globe of Natural Hazards 2009 What is new? Power function supplies quick information on situation regarding natural hazards and climate change for any location on earth Hazard pointer

Globe of Natural Hazards 2009 What is new? Knowledge can be displayed with a satellite image in the background View from space

Globe of Natural Hazards 2009 What is new? Networked knowledge Complex topics like risk management of natural hazards and climate change are linked in a sophisticated manner

Global Earthquake Model (GEM) Features An internationally sanctioned program initiated by the OECD, aiming to build an independent, open standard to calculate and communicate earthquake risk around the world Dynamic: an (updatable) model, not a map Global: covers also less developed/monitored areas according to uniform standards Open Access: a (transparent) tool to use for everybody Public Private Partnership: combining the strenghts of both sectors This slide is an overview of what we are doing, why we are here, and what we will be asking for.

GEM: A Public-Private Partnership Intergovernmental and Governmental Leading Scientific Institutes Zurich EU Industry International Scientific Organisations

=> Assess and monitor risk globally, GEM goals GEM is not an academic exercise. The goal is to convert “knowledge into action”. => Assess and monitor risk globally, especially in less well served regions => Raise risk awareness => Stimulate risk mitigation => Save lives, reduce losses and distribute the financial burden This slide is an overview of what we are doing, why we are here, and what we will be asking for. To achieve GEM’s goals we need “local champions”

GEM Setup HAZARD RISK SOCIO- ECONOMIC IMPACT € Building inventories GEM integrates developments at the forefront of seismological and engineering knowledge in three interconnected modules Probability of direct financial loss HAZARD RISK SOCIO- ECONOMIC IMPACT € Building inventories Vulnerabilities Probability of damage Probability of loss of lives Probability of earthquake occurrence Probability of indirect financial loss Probability of ground motion Many of GEM’s underlying components are already built and publicly available. Earthquake probabilities Building Code input Earthquake impact User awareness of risk Financial tools Cost-Benefit Analysis

Annual maintenance and operation: 2 m€/yr GEM Funding Scheme 5-yr Build-up phase: 35 m€ Secretariat and global infrastructure Global components Regional implementation Annual maintenance and operation: 2 m€/yr 15m€ Founding sponsor, Munich Re Other sponsors (in progress) Public Funds (in progress) 5m€

Thank you!