Earthquake Risk Transfer for Dams

ASSETS AND IMPACTS

Dams, Levees, Mine Tailings, Navigation Locks

Earthquake Risk Transfer for Dams

Owners and Operators

Many of the dams are privately owned (65% in the US); the remainder are owned by Federal, State, local, tribal, and territorial entities.

  • Levees have diverse Federal, State, local, and private ownership.
  • Federal agencies own and operate the vast majority of navigation locks.
  • Private companies own and operate onsite mine tailings.

Impact on Critical Functions

Water Supply, Irrigation, Hydropower Generation, Flood Damage Reduction, Navigation, Flood Recreation Contact.

Economic Impact

Asset Replacement Value, Remediation Cost, Business Interruption

Human Impact

Population at risk within flood scenario inundation zone

  • Population at risk within 0 and 3 miles from the toe of the dam
  • Population at risk within 3 and 7 miles from the toe of the dam
  • Population at risk within 7 and 15 miles from the toe of the dam
  • Population at risk within 15 and 60 miles from the toe of the dam

Affordable Risk Transfer

Once a loss occurs, it is too late to revise an insurance policy. Consequently, the policyholder must be extremely diligent during policy purchase and renewal. Understanding specific insurance requirements, carefully calculating the property and business interruption values, outlining contingency plans, and anticipating the potential losses at each location are all key steps in maximizing future insurance recoveries. In sum, paying close attention to the potential impact of a loss at the insurance procurement stage will help to minimize issues and maximize recovery when a loss does occur.

Proposing the best time-window(s) for maximizing insurance coverage before a catastrophe is the Earling solution to transfer earthquake risks. Instead of 365 days insurance, maximize the current coverage only for a few days in each year.

Now that revising insurance policies once a loss occurs is too late, Earling helps to know the best time to transfer risk through new policies or extending the current coverage for a limited period of time for example only for 10 days and not for 365 days of year.
Maximizing insurance coverage after a catastrophic loss is difficult for any company but Earling Earthquake Preparedness Alerts assists to do it before a catastrophe occur.

Well Known Risk Takers

Tackle your risks with our solutions to the big players. We propose enterprise companies as well as SMEs and individualizes the best time to purchase a new earthquake policy or extending the current coverage to make it inexpensive.
risk takers
Currently, Japan, New Zealand, Greece, Turkey, Caribbean, Chile, Ecuador, Taiwan, Romania, Indonesia, California are the regions, which Munich Re accepts their risks. In addition, South Africa, Oklahoma and Utah are subject to further work. Also, between the regions that Earling issues Earthquake Preparedness Alerts, Japan, New Zealand, Caribbean, Chile, Ecuador, Taiwan, Indonesia and US (California, Utah) are undercover by Swiss Re to take the risks.

How we can help?

In general, Earling has a global seismic monitoring network and specialists that are subject matter experts. Regarding the challenges mentioned above, Earling is been able to deliver support.

  • In the pressure on profitability, performance management and key performance indicator settings.
  • In the entrance of parametric insurance markets and issuing alternative products, Earling can deliver independent advice by our global resources.
  • To keep control on the impact of catastrophic events, Earling can assist in optimizing, validating on Cat and reinsurance programs modelling.

Requirements

Schedule a meeting to see how Earthquake Preparedness Alerts can transfer your risks.
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