Open Data Hub Launches with Aims to Narrow $125 Billion Natural Hazard “Protection Gap” | Climate-KIC | Climate-KIC

lterrat's bookmarks 2017-06-06

Summary:

"A pioneering global data community, Oasis HUB, was formally launched today with a mission to open up the catastrophe risk modelling market – enabling insurers, financiers, academics, policy makers and those in industry to respond to the severe and increasing climate-related and natural hazards faced by society.  

Speaking from the launch at Willis Towers Watson, Dickie Whitaker, Chief Executive of the Oasis Loss Modelling Framework and Chairman of the Oasis HUB, says:

'Traditionally, the wealth of data models produced within academia and the modelling community have not been made widely available to the organisations needing them most.  Also, prohibitively high costs have prevented 'black box' data from the catastrophe modelling market incumbents from being employed on a wide scale.  Now, with Oasis Hub as a gateway, scientific theory and data can be made focused and actionable, to meet the huge market demand for climate risk adaption strategies.' 

The insurance protection gap (the difference between insured and uninsured losses when natural catastrophes strike) can set vulnerable economies back years, yet is growing inexorably – especially in Asia.  Since the 1980s, the global number of registered weather-related loss events has tripled.  Total economic losses to property and infrastructure from natural disasters have averaged around USD $180 billion annually in the last decade, 70% of which are uninsured[1]."

Link:

http://www.climate-kic.org/press-releases/open-data-hub-launches-aims-narrow-125-billion-natural-hazard-protection-gap/

From feeds:

Open Access Tracking Project (OATP) » lterrat's bookmarks

Tags:

oa.stem oa.ssh

Date tagged:

06/06/2017, 20:20

Date published:

06/06/2017, 16:20