Deciding Flood Premium Rates based on Flood Risk Zones using Remote Sensing and GIS Techniques: A Case Study of Cuddalore District, Tamil Nadu, India
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| Formato: | Recurso digital |
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2022
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| _version_ | 1866901105265344512 |
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| author | Adlin Chericha D J Sakthivel R Linda Theres B |
| author_facet | Adlin Chericha D J Sakthivel R Linda Theres B |
| contents | Flood hazards have increased in frequency due to climate changes. A flood can lead to catastrophic consequences. Flood insurance helps us to cope with the damages of a flood. The risk of flood varies for each property due to heterogeneity in the earth's topography. The insurance policyholders are currently paying a uniform premium for flood insurance unaware of the risk associated with their property. GIS can be used to add the risk factor to the premium. The flood insurance premium can be discounted for properties in low-risk zones. The insureds in the high-risk zone have higher chances of claiming flood insurance, hence can be assigned a higher premium rate. GIS when integrated with various layers can offer significant benefits for strategic planning, marketing and sales, and claims handling. GIS techniques can be used for visualization as well as analysis of the risk. A flood insurance model has been generated to calculate the discounted premium for flood insurance based on the risk. |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_18447289 |
| institution | Zenodo |
| language | |
| publishDate | 2022 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Deciding Flood Premium Rates based on Flood Risk Zones using Remote Sensing and GIS Techniques: A Case Study of Cuddalore District, Tamil Nadu, India Adlin Chericha D J Sakthivel R Linda Theres B GIS; flood insurance flood risk zonation GIS-based flood insurance discounted premium Flood hazards have increased in frequency due to climate changes. A flood can lead to catastrophic consequences. Flood insurance helps us to cope with the damages of a flood. The risk of flood varies for each property due to heterogeneity in the earth's topography. The insurance policyholders are currently paying a uniform premium for flood insurance unaware of the risk associated with their property. GIS can be used to add the risk factor to the premium. The flood insurance premium can be discounted for properties in low-risk zones. The insureds in the high-risk zone have higher chances of claiming flood insurance, hence can be assigned a higher premium rate. GIS when integrated with various layers can offer significant benefits for strategic planning, marketing and sales, and claims handling. GIS techniques can be used for visualization as well as analysis of the risk. A flood insurance model has been generated to calculate the discounted premium for flood insurance based on the risk. |
| title | Deciding Flood Premium Rates based on Flood Risk Zones using Remote Sensing and GIS Techniques: A Case Study of Cuddalore District, Tamil Nadu, India |
| topic | GIS; flood insurance flood risk zonation GIS-based flood insurance discounted premium |
| url | https://doi.org/10.5281/zenodo.18447289 |