‡eeraging technologŒ in disaster management ™pen source platforms can also improve he –lobal EarthŒua€e Šo‚el š–EŠ› ˜oun‚ation is a public‰private initiative to catastrophe mo‚elsˆ promote a‚vances in seismic ha­ar‚ an‚ ris€ assessmentˆ –EŠ is ‚evelopin a lobal stan‚ar‚i­e‚ exposure ‚atabase of property stoc€ ith ‚etaile‚ information on spatial… structural an‚ occupancy ratesˆ –EŠ has been or€in on explorin the possibility of usin ‚ata… typically buil‚in inventory… cro‚source‚ throuh a social me‚ia platform calle‚ ™pen‘treetŠap š™‘Š› to mo‚el earthŒua€e ris€ˆ„ ™‘Š is a free lobal map of human settlements štransport netor€s… buil‚ins… amenities etcˆ› an‚ the natural environmentˆ ‘imilar to ¨i€ipe‚ia… the information is contribute‚ by the eneral public… voluntarily an‚ anyhere in the orl‚ˆ “f platforms li€e ™‘Š ain traction… there ill be an accumulation of ranular location‰specific information available free of chare to the public at lareˆ “nsurers ill be able to inclu‚e these inputs into their mo‚els… turnin hat has‰to‰‚ate been a labour‰intensive ‚ata atherin process more automate‚ˆ ˜or overnments… particularly in emerin mar€ets here systematic ‚ocumentation on the construction of ne buil‚ins in rapi‚ly roin cities may be lac€in… these ‚ata can be use‚ to inform stratey on strenthenin urban resilienceˆ echnoloy can also be use‚ in insurance he aforementione‚ technoloies can also be use‚ in the ‚esin of ne insurance pro‚uct ‚esinˆ solutionsˆ ”elo is an example of ho satellite technoloy can be use‚ to trier ariculture insurance pay‰outs in reions prone to ‚rouht con‚itionsˆ Satellite pasture insurance pilot in “e•ico ‘iss e has partnere‚ ith a local ‘iss e’s Aro einsurance •ro‚uct Center has oine‚ forces ith a local insurer in player in Šexico to ‚evelop a macro‰ Šexico… •rotección Aropecuaria Compañía ‚e ‘euros… ‘A š•roAro› to ‚evelop an level in‚ex‰base‚ insurance pro‚uct for in‚ex‰base‚ insurance pro‚uct to protect cattle pro‚ucers in the event of severe severe ‚rouhtˆ ‚rouht losses to their pastures an‚ ra­in lan‚ˆ he pro‚uct is ‚esine‚ to allo for Œuic€ an‚ timely payouts to the insure‚ so they can buy supplementary fo‚‚er to 5 maintain their her‚sˆ ”ecause it is parameter base‚ … the insurance is operationally more efficient than tra‚itional livestoc€ insurance… hich reŒuires a livestoc€ an‚ farm inspection to establish a claimˆ he pro‚uct is base‚ on N’´“ˆ •ay‰outs he pro‚uct is base‚ on the “Normali­e‚ ’ifference ´eetative “n‚ex” šN’´“›… an are triere‚ if the measure‚ N’´“ value in‚icator of veetation roth con‚itions estimate‚ from satellite imaery… an‚ falls belo a pre‰‚efine‚ threshol‚ˆ hich auments ‚rouht‰monitorin informationˆ he un‚erlyin principle is to establish a historical N’´“ ‚atabase for each ‚efine‚ pixel area on a ri‚ an‚ to calculate the averae N’´“ value for that area over the roin seasonˆ •ayouts are triere‚ if… ‚urin the insurance perio‚… the actual measure‚ N’´“ value in a pixel of a satellite imae of the area falls belo a pre‰‚efine‚ threshol‚ of the historical averae N’´“ value in that pixelˆ he threshol‚ is set at a level to reflect the onset of pasture pro‚uction losses ‚ue to ‚rouhtˆ An‚… to calibrate the in‚ex an‚ minimi­e the inherent basis ris€6 … measurements of biomass in ran‚om samples of roun‚ soil in the pastures are ta€en to verify the fin‚ins observe‚ in the satellite imaesˆ “t ill be pilote‚ in Šay 2016ˆ he pro‚uct is ‚ue to be pilote‚ in Šay 2016 in select states in Šexicoˆ ‘mart use of technoloy can ma€e the his example shos ho… by usin technoloy‰‚riven innovation an‚ or€in orl‚ more resilientˆ closely toether… local sta€ehol‚ers an‚ re/insurers can play an important role in ma€in the orl‚ more resilientˆ 34 “En‚‰to‰en‚ ‚emonstration of the “nventory ’ata Capture ools”… ‘lobal’uakemodel.org… ¤anuary 201„… http://ˆlobalŒua€emo‚elˆor/me‚ia/publication/’AA‰CA•ŽE‰–EŠ‰En‚toEn‚‰“’C‰’emo‰ 201„06‰´01ˆp‚f 35 •arametric insurance pay‰outs are triere‚ base‚ on the physical parameters of a catastrophic event… such as in‚ spee‚… location of a hurricane… or manitu‚e of an earthŒua€eˆ 36 ”asis ris€ is the ris€ that actual losses borne by the buyer of protection ill ‚eviate from the payoffs receive‚ un‚er the contractˆ 20 Swiss Re sigma No 1/2016