Insurance derivatives based on information obtained by sensor networks to improve the safety of buildings and urban systems

Hitoshi Tamura, Akira Mita

研究成果: Conference contribution

抜粋

Despite the modernity of today's cities, all kinds of buildings are built without proper hedge strategies against the risk of large disasters such as earthquakes. In order to control such risks, new engineering and economic mechanisms should be developed. On the engineering front recently Structural Health Monitoring (SHM) systems using sensor networks have been proposed and even enacted in many variations. Fortunately, data taken from such systems serve as good candidates as risk indices for each building. The purpose of this study is to propose insurance derivatives to maintain and improve the safety of buildings and to provide a risk hedge instrument for owners. These derivatives should be able to take advantage of information gained from SHM sensor networks. In this study, hazard information offered by J-SHIS (Japanese Seismic Hazard Information Station), and Weibull distributions associated with Is-WF (Seismic index based on seismic diagnosis), proposed by Okada and Takai as Damage Index Functions, were used for the quantification of risk. This simply defined quantification was used to evaluate the proposed earthquake derivatives. Results showed that the proposed derivative is better than the functions currently used for earthquake insurance, and that it has potential to be used as incentive for seismic strengthening.

元の言語English
ホスト出版物のタイトルSensors and Smart Structures Technologies for Civil, Mechanical, and Aerospace Systems 2007
DOI
出版物ステータスPublished - 2007 11 1
イベントSensors and Smart Structures Technologies for Civil, Mechanical, and Aerospace Systems 2007 - San Diego, CA, United States
継続期間: 2007 3 192007 3 22

出版物シリーズ

名前Proceedings of SPIE - The International Society for Optical Engineering
6529 PART 2
ISSN(印刷物)0277-786X

Other

OtherSensors and Smart Structures Technologies for Civil, Mechanical, and Aerospace Systems 2007
United States
San Diego, CA
期間07/3/1907/3/22

ASJC Scopus subject areas

  • Electronic, Optical and Magnetic Materials
  • Condensed Matter Physics
  • Computer Science Applications
  • Applied Mathematics
  • Electrical and Electronic Engineering

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  • これを引用

    Tamura, H., & Mita, A. (2007). Insurance derivatives based on information obtained by sensor networks to improve the safety of buildings and urban systems. : Sensors and Smart Structures Technologies for Civil, Mechanical, and Aerospace Systems 2007 [65292L] (Proceedings of SPIE - The International Society for Optical Engineering; 巻数 6529 PART 2). https://doi.org/10.1117/12.715550