Mitigation and models for determining premiums for natural disaster insurance due to excessive rainfall

Abstract

Natural disasters due to excessive rainfall often cause huge losses in the form of impacts including casualties and economic losses. To minimize casualties, disaster mitigation is needed, while financing for disasters (emergency response) and financing after disasters (rehabilitation and reconstruction) can be carried out with insurance. This paper aims to determine mitigation efforts and insurance premiums for natural disasters. The method as a mitigation effort is studied based on several methods that are suitable for the conditions of the community in areas that are often affected by disasters. Meanwhile, regarding loss insurance, the premium is calculated based on the number of cases, the rate set by the insurance company and the amount insured (loss). Based on the results of natural disaster mitigation studies, it is necessary to adjust it to the type of disaster. In the case of landslides, housing buildings must be standardized, while in cases of flooding, river normalization is required. Mitigation in general, namely the installation of disaster sirens and disaster response training. Regarding loss insurance, it is found that the optimal premium for the government and insurance companies is obtained.

Alternative Community-Based Village Development Strategies in Indonesia: Using Multicriteria Decision Analysis

“…Village development is aimed at improving the quality of human resources [5], including creating a climate that encourages the growth of village community initiatives and self-help. Regional development refers to improving the welfare of rural communities and as an effort to accelerate rural development through the provision of facilities and infrastructure, which is to create effective regional economic development [6][7][8]. Development that directly involves village communities can produce more efficient results than village development based on project mechanisms.…”

Farmers' Response To The Rice Farming Business Insurance Program (AUTP) In Kramatwatu District

“…Indonesia as the largest archipelagic country in the world, with 80,000 kilometers of coastline and more than 17,000 islands, is in the Pacific Ring of Fire which makes Indonesia vulnerable to natural disasters such as volcanic eruptions, earthquakes, tsunamis and landslides (Setiawan et al, 2021;Kalfin et al, 2020a;Kalfin et al, 202ob). This geographical position also makes Indonesia vulnerable to the negative impacts of climate change, most of which are already being felt, such as prolonged dry seasons, floods and extreme weather (kalfin et al, 2021a;Kalfin et al, 2021b). This has a negative impact on the health and welfare of the population, and threatens the biodiversity and stability of the Indonesian economy, as well as for the agricultural sector which is highly dependent on the climate and conditions of natural resources.…”

Innovation for development of sustainable integrated plantation polyculture on dry land: Using Structural Equation Modelling

“…The synergy between crops and livestock requires technological innovation to be able to lead to high productivity increases, production security, and the conservation of site-specific resources (Lemaire et al 2014). Dryland management should not only be oriented towards commodity-based land-use arrangements, but commodity-based land management should be placed as an integral part of ecosystem management by paying attention to the balance and harmony of ecosystem services (Gebremedhin 2010;Kalfin et al 2021). Molden (2013), explains that ecosystem services reflect the usable functions of an ecosystem.…”