Abstract

This paper presents an overview of the structure of probabilistic catastrophe risk models, discusses their importance for appraising sovereign disaster risk financing and insurance instruments and strategy, and puts forward a model and a process for improving decision making on the [...]

Abstract

The archipelago of Puerto Rico is prone to multiple hazards due to its very particular location in the Caribbean and its frequent exposure to extreme natural events. Since 2017, the Island has faced hurricanes, tropical storms, a sequence of earthquakes, drought, and various flood [...]