Figure 2 (IMAGE)

Tohoku University

Figure 2

Caption

Change in residual risk before and after the introduction of parametric insurance. Values for each building indicate the average expected loss ratio (calculated as repair cost divided by replacement cost) if an extremely rare event--one with only a 0.1% chance of occurring in any given year--were to happen. 

Credit

©Yushi Miki et al.

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CC BY

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