Norman Kerle Wins Lloyd's Science Prize
Norman Kerle’s study of the accuracy of satellite-based damage mapping following the 2006 Indonesia earthquake won the 2011 Lloyd’s Science of Risk Prize in the category Natural Hazards.
Kerle assessed the accuracy of satellite- based structural damage maps created by the international community to support disaster relief, which are increasingly used by insurers to assess risk-prone areas (JAG, 2010, doi:10.1016/j.jag.2010.07.004). He argues that current mapping methods have not been assessed critically enough and improvements in their standards are needed if insurers are to have true faith in them. Kerle is awarded a £2,000 cash prize.
The Science of Risk Prize was launched by Lloyd’s in 2010 to stimulate cutting edge research into the latest emerging risks facing businesses. As a key provider of protection for natural catastrophes and insurance to some of the world’s leading companies, Lloyd’s underwriters face a number of challenges that overlap with areas of academic research, such as climate change or studies into emerging risks.
Read more about the research.
