Modelling cyclone loss mitigation using claims analysis

Smith, Daniel J., Henderson, David J., and Terza, Lucy M. (2015) Modelling cyclone loss mitigation using claims analysis. In: Proceedings of the Second International Conference on Performance-based and Life-cycle Structural Engineering, pp. 833-841. From: PLSE 2015: Second International Conference on Performance-based and Lifecycle Structural Engineering, 9-11 December 2015, Brisbane, QLD, Australia.

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Abstract

This paper follows from a series of recent studies conducted by the authors and Suncorp Group Limited which analysed insurance claims from Tropical Cyclone (TC) Yasi (Queensland, 2011) to determine typical drivers of insured loss (i.e. roofing failures, etc.) for residential housing. Using the claims data from TC Yasi, the benefits of mitigation were broadly estimated by reducing claim values based on survey results from builders and assessors on expected loss reduction in properties with mitigation features. This information was provided to Urbis (project consultant to Suncorp) for cost-benefit analysis of the projected benefits of mitigation over the next 50 years in Queensland. In this paper, the claims manipulation approach to modelling loss mitigation is presented and the results for TC Yasi are briefly discussed.

Item ID: 42871
Item Type: Conference Item (Non-Refereed Research Paper)
ISBN: 978-1-74272-147-7
Keywords: structural retrofitting; legacy housing; insurance; claims analysis; wind resistance; cyclone Yasi
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Date Deposited: 09 Mar 2016 03:43
FoR Codes: 12 BUILT ENVIRONMENT AND DESIGN > 1204 Engineering Design > 120404 Engineering Systems Design @ 50%
09 ENGINEERING > 0905 Civil Engineering > 090502 Construction Engineering @ 50%
SEO Codes: 96 ENVIRONMENT > 9610 Natural Hazards > 961010 Natural Hazards in Urban and Industrial Environments @ 100%
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