Risk Frontiers (formerly the Natural Hazards Research Centre) is regarded as a world leader in quantitative natural hazards risk assessment and risk management. Risk Frontiers, based at Sydney's Macquarie University, is a not-for-profit research organization sponsored by the Australian insurance community. For ten years, it has provided insurers, who are under ever-increasing pressure to minimise risks and maximise returns, with sophisticated research-based solutions. Other applications include emergency management, land use planning and floodplain management. As well as Australia, these tools are currently being used in Europe, North America and Asia .
In short, Risk Frontiers:
- provides a focussed, independent and international research capability
- helps insurers and reinsurers better understand and price natural hazard risks in the Australasian and Asia-Pacific environment
- provides probabilistic Catastrophe Models
- provides Relative Risk Ratings on specific and combined perils, and
- undertakes contract research.
Key areas of expertise in respect of natural hazards include:
- flood risk modelling and home and contents vulnerability
- earthquake loss modelling
- bushfire risk ratings
- volcanic risk assessment
- hail storm loss modelling
- landslide risk assessment
- multi-hazard risk assessment and
- portfolio engineering
Key generic skills include:
- Stochastic modelling
- Geology/Geomorphology
- Physics & Mathematics
- Remote Sensing & Image Processing
- Financial Modelling
- Seismic Engineering
- Risk-informed decision-making
- Meteorology
- Agronomy
A strategic worldwide resource of research associates in other specialist areas concerning natural hazards.
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