Natural Hazards and Earth System Sciences
Natural Hazards and Earth System Sciences
NHESS
Articles | Volume 21, issue 1
Articles | Volume 21, issue 1
https://doi.org/10.5194/nhess-21-99-2021
© Author(s) 2021. This work is distributed under
the Creative Commons Attribution 4.0 License.
Special issue:
https://doi.org/10.5194/nhess-21-99-2021
© Author(s) 2021. This work is distributed under
the Creative Commons Attribution 4.0 License.
Articles | Volume 21, issue 1
Research article
 | 
14 Jan 2021
Research article |  | 14 Jan 2021

Design of parametric risk transfer solutions for volcanic eruptions: an application to Japanese volcanoes

Delioma Oramas-Dorta, Giulio Tirabassi, Guillermo Franco, and Christina Magill

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Latest update: 16 Jul 2024
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Short summary
Large volcanic eruptions are rare events; however, they may cause significant economic losses. This work explores a specific type of insurance (parametric insurance) applied to such events. Unlike traditional insurance where payouts occur after often lengthy loss assessments, this type of insurance makes automatic and prompt payments on the basis of the eruption attaining threshold values for objective and easily measurable characteristics (height and direction of the eruption column).
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Global- and continental-scale risk assessment for natural...
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