Disaster Risk Evaluation – Other Quantitative Methods

Building on the previous chapter on quantitative risk evaluation approaches that are currently practiced in Canada, this chapter examines methods used in other developed nations. In the USA, the Federal Emergency Management Agency (FEMA) has developed a method to help the insurance industry assess flood damage and subsequent compensation as part of the federal government’s mandate. The SMUG method was developed in New Zealand; and the World Risk Index was developed by two scientists from the University of Stuttgart, offering a new approach to assessing risk and vulnerability at the national scale and allowing countries to be compared.