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Daily Insurance Industry News
Saturday 25th of October 2014
August 11, 2011

Aon sponsors China’s update of natural disaster risk

by Gill Montia

Story link: Aon sponsors China’s update of natural disaster risk

Aon sponsors China’s update of natural disaster risk

Aon has announced that it is the sole insurance-industry sponsor of the third edition of the Atlas of Natural Disaster Risk in China.

The Atlas pools almost a decade of research on the country’s major natural perils, presented on a national and local basis with maps showing topography, climate, vegetation zones and land use.

The update project, which will be led by Beijing Normal University, will look for the first time at how hazard, vulnerability and exposure integrate, with a view to developing effective prevention measures.

According to Aon, other key benefits of revising the Atlas include publication of most recent and high-resolution data (never before made public); loss estimates combining vulnerability and exposure, in addition to hazard; and greater focus on agriculture-related risks.

Aon Benfield co-chief executive officer, Dominic Christian, comments: “The Atlas of Natural Disaster Risk in China is an important resource for both domestic and global re/insurers that are intending to play a meaningful role in China, and I hope readers will be as impressed as I am by the sophisticated research and detailed data available in China on natural disaster risks.”

 

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