Overview

Overview results

The Overview Results show the Average Risk Cost and the Reduced Value results from now until 2100.

Average Risk Cost

Annual Average Cost of Damage (Risk Cost):

Risk Cost is equivalent to an insurance premium pooled across all of the assets - not including a transaction fee or excess. You or the users of these assets may use commercial insurance or self-insure (you take the risk and pay for damage and repairs when they occur). Note that some of the risks are not covered under typical insurance policies (e.g. coastal inundation and soil contraction damage).

The direct costs arise from the probability of each hazard at a severity sufficient to cause damage to a component of the assets, multiplied by the value of each component that would need to be replaced by such an event. The Annual Average Cost of Damage also includes indirect costs, such as recompense for disruption to customers or fines for licence breaches.

The financial impacts are summed into an ‘Annual Average Cost of Damage’ also referred to as the Annual Risk Cost. They are expressed in today's dollars with no discounting unless otherwise specified.

Reduced Value

Reduced Value is applies to residential dwelling asset classes only. An asset which is expensive to fix or insure can be expected to have a lower value than an equivalent asset with low risk or impacts.

The legend is interactive. Click the name of the legend item to turn it off. This will re-scale the graph and focus on the selected legend item.