PA22A:
Connecting Earth Sciences and Risk Financing and Transfer: Case Studies on Integration and Application of Earth Observations in the Insurance Sectors


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Session ID#: 52569

Session Description:
As geophysical scientists seek to advance the understanding of the Earth as a system, risk practitioners aim to create viable insurance products and programs. This session calls for demonstrations of Earth observations within the insurance, risk financing, or risk transfer sectors, addressing risk markets such as agriculture, drought, floods, fires, earthquakes, severe weather, and climate, regardless of location.  How have Earth observations and modeling communities contributed to informing risk models, risk landscapes, and damage assessments?  What are current practices and gaps in connecting near-real time data to parametric insurance payouts or forecast-based early actions?  This session also welcomes contributions on the future of risk modeling and emerging demands of the geophysical and Earth observations communities.  Examples of scientists and practitioners collectively reducing risk, closing the protection gap, and enabling quicker recoveries, in support of global policy frameworks such as the Sendai Framework and the UN Sustainable Development Goals, are welcome.
Primary Convener:  Eric Ross Anderson, University of Alabama in Huntsville, Earth System Science Center, Huntsville, United States; NASA/SERVIR Science Coordination Office, Huntsville, United States
Conveners:  David S Green, NASA Headquarters, Application Science - Wildfires, Washington, United States, Shanna N. McClain, NASA Headquarters, Applied Sciences, Washington, United States and Kevin Coffee, US Agency for International Development, Washington D.C., United States
Primary Liaison:  Eric Ross Anderson, University of Alabama in Huntsville, Earth System Science Center, Huntsville, United States; NASA/SERVIR Science Coordination Office, Huntsville, United States
Chairs:  David S Green, NASA Headquarters, Application Science - Wildfires, Washington, United States, Kevin Coffee, US Agency for International Development, Washington D.C., United States and Shanna N. McClain, NASA Headquarters, Applied Sciences, Washington, United States
OSPA Liaison:  Eric Ross Anderson, University of Alabama in Huntsville, Earth System Science Center, Huntsville, United States; NASA/SERVIR Science Coordination Office, Huntsville, United States

Cross-Listed:
  • GC - Global Environmental Change
  • H - Hydrology
  • NH - Natural Hazards
  • SI - Societal Impacts and Policy Sciences
Index Terms:

4328 Risk [NATURAL HAZARDS]
4337 Remote sensing and disasters [NATURAL HAZARDS]
6309 Decision making under uncertainty [POLICY SCIENCES]
9810 New fields (not classifiable under other headings) [GENERAL OR MISCELLANEOUS]

Abstracts Submitted to this Session:

Early warning for crop failure enhances livelihood and food security in Uganda (442191)
Catherine Lilian Nakalembe, University of Maryland, Department of Geographical Sciences, College Park, MD, United States and Martin Owor, Uganda Office of the Prime Minister, Department of Relief, Disaster Preparedness and Management, Kampala, Uganda
Farmer Perception, Recollection, and Remote Sensing in Weather Index Insurance for Agriculture in the Developing World: an Ethiopia Case Study (393854)
Bristol Powell1, Daniel E Osgood2, Rahel Diro1, Markus Enenkel1, Molly Elizabeth Brown3, Gregory J Husak4, S Lucille Lucille Blakeley5, Jessica McCarty6 and Carlos Farah7, (1)International Research Institute for Climate and Society, Columbia University, Palisades, NY, United States, (2)Columbia University of New York, International Research Institute for Climate and Society (IRI), Palisades, NY, United States, (3)University of Maryland College Park, Department of Geographical Sciences, College Park, MD, United States, (4)University of California Santa Barbara, Climate Hazards Center, Geography Department, Santa Barbara, CA, United States, (5)University of California Santa Barbara, Santa Barbara, CA, United States, (6)Miami University, Geography, Oxford, United States, (7)Research Center for Sustainable Development, Mexico City, Mexico
How Index Insurance is impacted by Climate Variability, a West African Example (441090)
S Lucille Lucille Blakeley, University of California Santa Barbara, Santa Barbara, CA, United States, Stuart Sweeney, Pasadena, CA, United States, Chris C Funk, University of California Santa Barbara, Climate Hazards Center, Geography Department, Santa Barbara, United States, Gregory J Husak, University of California Santa Barbara, Climate Hazards Center, Geography Department, Santa Barbara, CA, United States and Daniel E Osgood, Columbia University of New York, International Research Institute for Climate and Society (IRI), Palisades, NY, United States
Application of Service Planning Approach to the Risk Financing Sector (420156)
Farrukh Chishtie1, Ekapol Sirichaovanichkarn2, Eric Ross Anderson3, Peeranan Towashiraporn2 and David Saah4, (1)SERVIR-Mekong, Bangkok, Thailand, (2)Asian Disaster Preparedness Center, Bangkok, Thailand, (3)University of Alabama in Huntsville, NASA-SERVIR, Huntsville, AL, United States, (4)University of San Francisco, Environmental Science, San Francisco, CA, United States
Closing the protection gap with holistic risk-management solutions based on parametric insurance (394363)
Iker Llabres, MiCRO, San Salvador, El Salvador
Engaging Business into the SDG Process through Opportunity Mapping for Sustainable Impact Investing: The Role of Earth Science (445819)
Charles J Vorosmarty1, Pamela A Green2, Anthony D Cak3, Zachary D Tessler2, Vanesa Rodriguez Osuna2 and Fabio Corsi4, (1)Advanced Science Research Center at the Graduate Center CUNY, New York, NY, United States, (2)Advanced Science Research Center at the Graduate Center, CUNY, Environmental Sciences Initiative, New York, NY, United States, (3)Advanced Science Research Center at The Graduate Center, CUNY, Environmental Sciences Initiative, New York, United States, (4)CUNY City College of New York, New York, United States
How does a willingness-to-adapt insurance cope with risks on aging infrastructure and climate services? (426925)
Eduardo Mario Mendiondo, São Carlos School of Engineering, University of São Paulo, Department of Hydraulics and Sanitation, São Carlos, Brazil, Denise Taffarello, São Carlos School of Engineering, University of São Paulo, Department of Hydraulics and Sanitation/the WADI lab, Sao Carlos, Brazil, Diego Alejandro Guzmán-Arias, PUC-Bucaramanga, Bucaramanga, Colombia and Guilherme Samprogna Mohor, University of Potsdam, Institute of Earth and Environmental Science, Potsdam, Germany
A Parametric Insurance Model To Protect Wind Farms Against Low Wind Speeds (441941)
David Williams, University of Liverpool, Liverpool, United Kingdom
Using Seismic Hazard Maps to Mitigate the Hazard from Earthquakes Due to Oil and Gas Production (418155)
Edward Max Brooks, Northwestern University, Department of Earth and Planetary Sciences, Evanston, IL, United States and Seth Stein, Northwestern University, Earth & Planetary Sciences and Institute for Policy Research, Evanston, IL, United States
Satellite observations of volcanoes in the Asia-Pacific region and their potential for use in parametric insurance (379171)
Juliet Biggs, University of Bristol, COMET, School of Earth Sciences, Bristol, United Kingdom, Simon R Young, GeoSY Ltd, Miami, FL, United States, R Stephen J Sparks, University of Bristol, Bristol, United Kingdom, Fabien Albino, University of Miami, Marine Geology and Geophysics, Miami, United States, Stanley Tze Hou Yip, University of Bristol, COMET, School of Earth Sciences, Bristol, BS8, United Kingdom, Nicolas Fournier, GNS Science, Taupo, New Zealand and Sarah Brown, University of Bristol, School of Earth Sciences, Bristol, United Kingdom
Disaster Risk Auditing Using Probabilistic Catastrophe Loss Modeling (391082)
Robert Muir-Wood, Risk Management Solutions, London, United Kingdom
Disaggregation of Insurance Portfolios for Re-Insurance Pricing using EO-based Building Inventories (353245)
Charles K Huyck1, ZhengHui Hu2, Michael Eguchi3, Gregory Yetman4, Ronald T Eguchi3 and Shubharoop Ghosh3, (1)ImageCat, Inc., Hillsborough, United States, (2)ImageCat, Inc., Long Beach, United States, (3)ImageCat, Inc., Long Beach, CA, United States, (4)Columbia University, Center for International Earth Science Information Network (CIESIN), Palisades, United States
Leveraging Multiple Satellite Sensors and Rapid Flood Mapping to Enable Microinsurance in Tamil Nadu, India (465261)
Sam Weber, Cloud to Street, Brooklyn, NY, United States, Bessie Schwarz, Cloud to Street, New York, NY, United States, Beth Tellman, University of Arizona, School of Geography, Development and Environment, Tucson, United States, Colin Doyle, The University of Texas at Austin, Department of Geography and the Environment, Austin, United States and Jonathan Sullivan, Cloud to Street, Ann Arbor, MI, United States
Application of Earth Observation in Parametric Insurance Instruments for Risk Financing and Climate Resilience in Support of the 2030 Development Agenda (382902)
Simon R Young, GeoSY Ltd, Miami, FL, United States
Forecast-based Financing for Flash Floods: Challenges and Opportunities (467989)
Andrew Kruczkiewicz1, Helen Greatrex2, Melody Braun3, Zac Flamig4, Miriam Nielsen5, Brian Llamanzares5, Dustin Caniglia6, Hassan Ahmadul7, Calum Baugh8 and Erin Coughlan9, (1)Columbia University, International Research Institute for Climate and Society, Palisades, NY, United States, (2)International Research Institute for Climate and Society, Columbia University, Palisades, NY, United States, (3)International Research Institute for Climate and Society, Columbia University, Palisades, United States, (4)University of Oklahoma Norman Campus, Norman, OK, United States, (5)Columbia University of New York, Palisades, United States, (6)Concern Worldwide, Nairobi, Kenya, (7)Red Cross Red Crescent Climate Centre, Dhaka, Bangladesh, (8)European Center for Medium-Range Weather Forecasts, Reading, United Kingdom, (9)Red Cross Red Crescent Climate CEntre, Boston, United States

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