In a time where severe weather events and natural hazards are increasing in frequency and intensity driving global insured catastrophes in record high values, the insurance sector is more than ever in need of reliable PML studies to determine the risk exposure of critical infrastructure against such extremes.

Our expertise

Our team can demonstrate a vast experience in PML studies across industries, sectors and geographies.  Our PML studies can help project owners and infrastructure operators rationalize their insurance coverage based on actual loss estimates, budget emergency response resources, and prioritize rehabilitation actions towards vulnerable and high-impact components.

How we work

When conducting PML studies it is essential to gain a good understanding of the infrastructure system with its specific attributes. Our asset and risk experts will retrieve design drawings, as-build plans,  workflows, maintenance logs and incident-reports, in order to create a digital representation of the physical system that encapsulates engineering, operational and cost data.

We then employ state-of-the-art catastrophe modelling integrating regional-hazard models, with asset-specific vulnerability models and BI simulations (for internal and external risks) to estimate losses for any given natural threat.

What we offer

Upper Bound assessments

We estimate the upper bound of probable loss due to an earthquake of major transportation assets (bridges, tunnels, quaywalls ect), buildings, and energy facilities (pipelines, tanks , turbines ect).

Indirect losses

We estimate the indirecteconomic impacts of transportation disruptions caused by earthquake-induced damages on the transportation network.

Preparedness

We can identify the worst-case seismic scenario that maximizes direct and indirect losses of infrastructure systems. We can also help operators and investors understand how their infrastructure will respond to less severe but more frequent earthquake events or combination of events.

Business Synergies

We estimate business interruption in energy and port facilities caused by the downtime of critical links/components.

Climate Uncertainty

We can assess losses for climate threats in due consideration of the ongoing climate variability. Losses are estimated for a characteristic ensemble of disruptive climate events representing different climatic annual averages (hence different climate scenarios).

Indemnity

We can assist insurers and reinsurers to offer competitive insurance pricing and expand their clientele to riskier asset classes and specialized niches.

Relevant projects

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  • Climate and Natural Disasters Risk
    Road Transportation

    Probable maximum loss assessment for Attiki Odos highway

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  • Climate and Natural Disasters Risk
    Road Transportation

    Enhancing climate resilience in urban mobility in Matola

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  • Climate and Natural Disasters Risk
    Road Transportation

    Decision Support System for Increasing the Resilience of Transportation Infrastructure

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  • Climate and Natural Disasters Risk
    Road Transportation

    Development of a Support Platform for Engineering Decisions: Application to Highways

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  • Climate and Natural Disasters Risk
    Energy & Renewables

    Physical Risk Assessment for Protergia Plant

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  • Climate and Natural Disasters Risk
    Energy & Renewables

    Probable Maximum Loss of an industrial plant in case of an earthquake

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  • Climate and Natural Disasters Risk
    Insurance

    Design and implementation of a parametric insurance cover to mitigate earthquake risk of infrastructure systems

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