
Catastrophe Risk Modelling
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Defining Catastrophe Modelling
For entire nations, government, enterprise, businesses and home owners to be able to become more resilient with respect to natural and man-made disasters it is necessary to employ scientifically and technologically advance data driven solutions to model the effects of Climate Change and other weather and man-made events.
Catastrophe modelling also allows insurers, re-insurers, financial institutions, government & public agencies to determine to long before the onset of an extreme event the type of hazard, the exposure and vulnerability. Thus the level of risk can be evaluated in advance for perils such as climate change, sea level rise, hurricanes, floods, droughts, wild fires, extreme cold spells, etc. But also during and in the immediate aftermath and in the long term for evacuation, humanitarian aid, logistics, mobility, etc.







Accurate Data Driven Models
Never before in human history as humanity been at tipping point of our own extinction due to our actions. Only by being able to predict the severity, to geographic location and the economic losses of current and future catastrophe we would then be able to take counter measures and correct our actions by, preparing, adapting, mitigating, thus becoming more resilient.
It would be inadequate to make future projections using sparse historic data alone. However, with new and emerging technologies and accurate holistic data as well as granular data we can develop high quality stochastic as well as probabilistic models that are vital for natural and human induce catastrophe modelling ranging from environmental damage, social impacts, agriculture, organizations investment risks and operational risks, interruption of business, breakdowns in production, etc.
Disaster Risk
In in the concept of disaster risk the emphasis is on probable consequences, not the probability or likelihood of an catastrophic event taking place. Thus, the risk refers to the conceivable losses an extreme occurrence would cause in terms of lives, health conditions, livelihoods and goods and services, and what impact that could have in any given nation, region, community or society for a specific time frame. Assessment, analyses, adaptation, mitigation, reduction of risks and the subsequent damages and losses and strengthening those or that which have been impacted are common practices and/or strategies in risk management.

Flood
Changing climate patterns as a result of climate change leads to extreme fluctuating prevailing weather conditions. For example, increase in atmospheric moisture content as a result of anthropogenic (or human induced) warming leads to increased tropical cyclone rainfall rates. This in combination with another result of global warming that contributes to deglaciation of the continental ice volume and in turn rising sea levels. Increase cyclone activity together with sea level rise leads to greater storm surge flooding. This implies that an even larger percentage increase in the destructive potential per flood event resulting from storms. These are just some examples of extreme inundation that account for the billions of dollars in flood damage world-wide. The losses encompasses every aspect of a nation, region or community. From the economy, society, livelihoods, healthcare, etc.



Hurricane
The North Atlantic Oscillation (NAO) describes the fluctuations in the difference of atmospheric pressure at sea level between (1) Greenland and Iceland that generally experience lower air pressure than surrounding regions, called the sub-polar low, or sometimes the Icelandic Low, and (2) farther to the south, air pressure over the central North Atlantic Ocean is generally higher than surrounding regions. This atmospheric feature is called the subtropical high, or the Azores High. The increased difference in pressure between the two regions results in a stronger Atlantic jet stream and a northward shift of the hurricane and storm tracks. During a negative phase of NAO, eastern North America and the Caribbean experience lower air pressure which is associated with stronger cold-air outbreaks and an increase hurricane season.



Historic Hurricane Impact
This reoccurrence of flooding, hurricanes, tornadoes, earthquakes, wildfires, and all natural events and their associated specific return periods that lead to disasters can be captured in event catalogues and stored in databases. With the help of these catalogues with statistical representations of event characteristics (i.e. for a cyclone, storm frequency, intensity, and radius to maximum wind) are parameterized, along with an associated probability distribution for each parameter. Armed with probabilistic or stochastic distribution of events scientists, engineers, researchers, decision and policy makers as well as government are able to model and plan for future events, rationalise decision making for preparedness, adaptation, mitigation as well as used them as a base for vulnerability assessment and disaster management.



Hurricane Count By Years
If, when (a future date) and how (the intensity or magnitude), for example a hurricane, can impact a particular region depends on statistical representations of historical event characteristics (i.e. for a cyclone, storm wind speed, intensity, and radius to maximum wind, position: latitude and longitude, central pressure, translation velocity, etc. ) that are parameterized, along with an associated probability distribution for each parameter and associated climate models and general circulation models (GCMs), which are mathematical equations to characterize how energy and matter interact in different parts of the ocean, atmosphere, land. The result of such as complicated modelling techniques will yield future projections or distributions of, i.e. hurricane impact counts for various regions. National, regional and local resources, measures and assets will dictate how the modelled event will affect communities.



Coastal Communities
If, when (a future date or frequency) and how (intensity or magnitude and/or duration) of an external shock, for example an epidemic (viral in origin, i.e. COVID-19 SARS-CoV-2 coronavirus, Ebola virus disease (EVD) and Ebola hemorrhagic fever (EHF) caused by ebolaviruses, etc.) or non-epidemic disaster (natural, anthropic or technological, or a combination of, in origin, i.e. hurricane, flood, earthquake, etc.) strikes a particular region depends on statistical representations of historical event characteristics (probability or distribution), (climate model) as well as spatial and temporal factors. The most important factor associated with exposure are the numbers of people and assets (in terms of wealth) exposed to (spatial and temporal or time and place) the hazard, and their vulnerability to be damaged or loss of life. In the case of flooding, storm surge, tsunami’s and torrential downpours exposure means that human and animal population as well as accumulated wealth in close proximity of the coast, rivers (delta’s) or basins and low lying regions.



Drought & Wildfire
Both short- and long-term drought events can affect human as well as livestock populations, food security, assets, production or goods, i.e. agriculture or crop yield and production, water consumption for industrial production and other sectors of activity. There is also environment damage, i.e. ecological units or natural habitats. Drought exposure is a matter of seasonality and geographic distribution (spatial and temporal). Worldwide more and more arable land is being encroached on by expanding deserts. Southern US, Australia, Southern Europe, arid Latin American countries, many African and Asian countries are affected by drought hazard, which can be a result of accelerating desertification that is a consequence of global warming attributed to climate change. Other threats of the exposure to drought are wildfires and water stress. Faced with increasing drought and limited access to fresh water, many government are/will be forced to facilitate mitigation, adaptation and resilience strategies into public plans and development policies.



Mobility
Airlines, marine vessels, road, and railway transport networks continue to connect to the far corners of the globe. With these increased connections, travel time has decreased while travel speed and the volume of passengers and goods transported have increased. An advantage of ever-increasing mobility is that it aids disaster relief, recovery, and reconstruction efforts in the aftermath of a disaster. Thus, reducing the vulnerability of regions exposed to non-epidemic catastrophes. However, the consequences of both long- and short-range movements have also made the global human and animal population vulnerable to epidemic disasters because pathogens and their vectors can now move further, faster, and in greater numbers than ever before. Hence, putting more pressure on healthcare, technology, and government to develop and administer vaccines and antivirals to lower our vulnerability.



Infectious Diseases
A disaster results from the complex interaction between and combination of factors and development processes that generate conditions that create vulnerability to a hazard depending on the exposure. Vulnerability depends on the combination of economic, social, governmental, healthcare, technological resources and measures of mitigating the impact of the extreme external shock, i.e. a pandemic. If the vulnerability exists (no or limited economic, healthcare, technological, etc. resources), being exposed (spatially and temporally) to a given hazard, and the fact of not being able to address the consequences of the extreme external shock is a disaster. Rapid and uncontrolled urbanization as well as global population growth, for example, can contribute to the (re-)appearance and facilitate the spread infectious diseases, since humans and animals are living in closer proximity to each other.



Losses
Destruction resulting from a catastrophic event can be defined and measured. The gross domestic output can measure economic losses, while the number of deaths can determine human losses. The balance of these two can be vastly different in low vs. high human development countries. For example, the average number of deaths per disaster in low human development countries with a per capita GDP of less than US$2,000 can be much higher, say 1000, while the economic losses could be less than US$100 million. On the other hand, the average number of deaths per disaster in high human development countries with a per capita GDP higher than US$14,000 can be lower, say less than ten, while the economic losses could be over US$600 million. Measuring an extreme event by financial losses alone is not enough to label it a disaster or not. Quantifying losses can be done using sector-specific vulnerability curves based on modeled data, including but not limited to figures of population, building data, structural classes, structural characteristics, and insurance claims. Research from industry sources and historical events can validate these vulnerability curves.



Economics
Strengthening the capacities of national government, private institution, international agencies, etc. worldwide in the fight against multiple hazards as a consequence of climate change requires support, funding and investments. Policy, decision making, preparedness and planning regarding environmental, physical, economic and social characteristics at global, national, regional and local resolutions will have to be implemented. However, the long-term costs and benefits of environmental policy and regulations in the global fight against climate change and the reduction of environmental harm involves estimating costs and benefits projections of future unknown economic activity, effects, technological innovations, etc. The vast array of issues, interactions, etc. are not entirely known and as such, very difficult to quantified or monetized. These difficulties are magnified by the long-term and global scale of the problem, which makes it difficult to provide a solid objective basis for long-term policy and decision making.


ZineQx - Infinite Observations
Concerns of private citizen, businesses and organizations are increasing over the far reaching impact of economic losses, human health, food security, etc. due to natural and man-made disasters ( including climate change). ZineQx offers individuals, businesses and their insurers the efficiency to stay ahead of these global dynamics in order to manage their exposure to extreme catastrophes. Infinite Observations’s ZineQx is a risk-based asset management information system that uses failure Mode, Effects & Criticality Analyses (FMECA). FMECA has a bottom-up (Detailed) or top-down (Functional) approach to risk analysis and assessments.
Some of ZineQx many features ...


Setting A High Standard In
Catastrophe Risk Modelling
Passion
At Infinite Observations we have a teams of diverse groups of people with the passion, knowledge and expertise to model catastrophes and help our clients to minimise their exposure to current and future hazards.
Science
Developing comprehensive models, calibrating them using the most recent extreme events and cooperate with leading institutions in the research & scientific community helps us to stay at the leading edge of disaster preparedness.
Technology
Harnessing the power, capacity, flexibility of the latest technology in Cloud-computing help us to leverage artificial intelligence to preform extensive and robust data analyses on our models using large data sets.
Innovation
Providing key world-class data analytics solutions for diverse industries where we are able to assess, model and manage exposures, vulnerability, risks of nations, regions, communities and assets for our clients.


Adapt, Mitigate & Become More Resilient To Disaster
Infinite Observations

