Abstract
 Standard Insurance, Philippines Utilizes GIS Technology in Natural Hazard Assessment Track: Business GIS Author(s): Leovin de Ramos, Joseph Severino The insurance industry is continuously improving risk management by installing appropriate systems and tools for the hazard assessment of perils such as earthquake, typhoon and flood for insurance cover. In the Philippines, considered as one of the most disaster-prone countries in the world, extensive assessment of the natural disasters becomes essential to risk managers. Through the Geographic Information System (GIS) and the Global Positioning System (GPS), risk assessment techniques are developed to determine the degree of geohazards involved in each risk (property to be insured). Standard Insurance Company, Inc. has its own study of local natural hazards, which GIS graphically represents in maps. The company's GIS is utilized to provide risk accumulation analysis. Through this, the company is able to acquire catastrophe cover from international reinsurance companies at a high coverage against total accumulation. Leovin de Ramos Standard Insurance Co., Inc. Risk Engineering Department 28th Floor Petron Megaplaza Building Sen. Gil Puyat Avenue Makati City 1200 PH Phone: +632 885 9999 Fax: +632 750 0384 E-mail: lderamos@corp.standard-insurance.com Joseph Severino Standard Insurance Co., Inc. Risk Engineering Department 28th Floor Petron Megaplaza Building Sen. Gil Puyat Avenue Makati 1200 PH Phone: +632 885 9999 Fax: +632 750 0384 E-mail: jseverino@corp.standard-insurance.com |
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