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Disaster risk management: management framework and technical process of settling disaster damage claims

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  • Narcis Păvălașcu

    (”G. E. Palade” University of Medicine, Pharmacy, Sciences and Technology of Târgu Mureș, Gh. Marinescu 38, Târgu Mureș 540412, Romania)

  • Manuela Rozalia Gabor

    (”G. E. Palade” University of Medicine, Pharmacy, Sciences and Technology of Târgu Mureș, Gh. Marinescu 38, Târgu Mureș 540412, Romania)

Abstract

Risk assessments are performed at multiple scales, from the global level to the community levels. These levels have their own spatial data objectives and requirements for hazard inventories, environmental data, triggers or causal factors and risk elements. The new catastrophic risk management systems include multiple approaches: i.e. vulnerability related approach, indicator-driven approaches, multiple risk approaches and spatial risk visualization. Multi-risk assessment is a complicated procedure that requires spatial data on several different aspects and a multidisciplinary approach. This paper provides an overview of the catastrophic risk management framework and the technical process for settling claims.

Suggested Citation

  • Narcis Păvălașcu & Manuela Rozalia Gabor, 2020. "Disaster risk management: management framework and technical process of settling disaster damage claims," Acta Marisiensis. Series Oeconomica, "George Emil Palade" University of Medicine, Pharmacy, Sciences and Technology of Târgu-Mureș, România - Faculty of Economics and Law, vol. 1, pages 1-12, December.
  • Handle: RePEc:pmu:oecono:v:1:y:2020:p:1-12
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    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G52 - Financial Economics - - Household Finance - - - Insurance
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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