Aon’s earthquake data enhances World Bank’s new risk reduction tool
The online tool enables development specialists to determine the potential likelihood of eight natural hazards and what actions they should take to make their project resilient, from enhanced evacuation planning to promoting improved building codes.
Impact Forecasting has collated earthquake hazard data for 31 countries, including coverage of the six countries identified as priorities by GFDRR, which triggered the collaboration. These comprise:
The Impact Forecasting data shows the probability of earthquake shaking across each country. This data is visualized within ThinkHazard!, as aggregated to administrative units, labelled as high, medium and low hazard, and linked to recommendations of how to reduce risk. The data is derived from Impact Forecasting's catastrophe models which have been developed by its in-house seismologists, in collaboration with earthquake experts and engineers at academic institutions and agencies including
"ThinkHazard! is a tool that will get natural disaster information into the hands of people who really need to know. It is our duty to equip project leaders and developers with information on what hazards exist, but also with knowledge on how to make their projects resilient to all major natural hazards today and into the future", said Dr. Alanna Simpson, Senior Disaster Risk Management Specialist and Leader of GFDRR'sÂ
The Impact Forecasting hazard data, plus associated risk score data, is available to insurance and corporate companies to understand and better quantify earthquake catastrophe risk and the impact on their property portfolios. In addition to earthquake, Impact Forecasting also produces risk scores for flood, windstorm and terrorism.
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