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dc.creatorM.C. Marulanda
dc.creatorO.D. Cardona
dc.creatorM.G. Mora
dc.creatorA. Barbat
dc.date.accessioned2016-07-28T13:29:10Z
dc.date.available2016-07-28T13:29:10Z
dc.date.issued2014
dc.identifier.citationM.C. Marulanda, O.D. Cardona, M.G. Mora, A. Barbat. (2014). Design and implementation of a voluntary collective earthquake insurance policy to cover low-income homeowners in a developing country . Barcelona. Natural Hazards Journal
dc.identifier.urihttp://hdl.handle.net/20.500.11762/19827
dc.description.sponsorshipUniversitat Politécnica de Catalunya, Universidad Nacional sede Manizales
dc.formatDigital (.pdf)
dc.language.isoen
dc.publisherNatural Hazards Journal
dc.sourcereponame:Repositorio Institucional Unidad Nacional para la Gestión del Riesgo de Desastresspa
dc.sourceinstname:Unidad Nacional para la Gestión del Riesgo de Desastresspa
dc.subjectSeismic risk insurance instruments
dc.subjectearthquake risk model
dc.subjectprobable maximum loss
dc.subjectexpected annual loss
dc.subjectrisk premium
dc.subjectcross-subsidy strategy
dc.titleDesign and implementation of a voluntary collective earthquake insurance policy to cover low-income homeowners in a developing country
dc.typeinfo:eu-repo/semantics/articlespa
dc.description.departamentoBarcelona
dc.type.spaArtículo de investigación
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessspa
dc.description.abstractenglishUnderstanding and evaluating disaster risk due to natural hazard events such as earthquakes creates powerful incentives for countries to develop planning options and tolos to reduce potential damages. The use of models for earthquake risk evaluation allows obtaining outputs such as the loss exceedance curve, the expected annual loss and the probable maximum loss, which are probabilistic metrics useful for risk analyses, for designing strategies for risk reduction and mitigation, for emergency response strategies and for risk financing. This article presents, based on probabilistic risk models, the design and implementation of a risk transfer instrument to cover the private buildings of the city of Manizales, Colombia. This voluntary collective instrument provides financial protection to both, the estate-tax payers and the low-income homeowners through a cross subsidy strategy- besides, it promotes not only the insurance culture but also the solidarity of the community. The city administration and the insurance industry are promoting this program using the mechanism of the property-tax payment. This collective insurance helps the government to access key resources for low-income householders recovery and improve disaster risk management at local level.
dc.identifier.doi10.1007/s11069-0114-1291-4
dc.relation.publisherversionhttps://www.researchgate.net/publication/264826179
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersionspa


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