TY  - JOUR
T1  - Evaluation Model for Risk Insurance Premiums of Building Damage Caused by
Flood: Case Study in Citarum Watershed, Southern Bandung, Indonesia
AU - Sidi, Pramono AU - Mamat, Mustafa AU - , Sukono AU - Supian, Sudradjat 
JO  - Journal of Engineering and Applied Sciences
VL  - 12
IS  - 17
SP  - 4420
EP  - 4425
PY  - 2017
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2017.4420.4425
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2017.4420.4425
KW  - The flood disaster
KW  -the compensation index
KW  -insurance premiums
KW  -reserves
KW  -reinsurance
KW  -company
AB  - The impact of the financial economics of damage to buildings caused by natural disasters flooding
from year to year has been increasing. Thus, the role of insurance companies is one of the important things and
periodically they evaluate the large proportion of the premiums charged to insurance participants. In this study,
the model calculation and evaluation of insurance premiums as the main component in flood risk management
was analyzed. The analysis begins with determining the annual average of the compensation index, calculate
the premium per unit of insurance on the basis of parameters of disparate and then determine the proportion
of premiums, reserves as well as reinsurance in order to meet payment of the amount of the claims when losses
houses damaged by the floods occurred. The case study was carried out on the flood disaster in the Citarum
watershed in Southern Bandung, Indonesia. The analysis showed that the greater the initial backup along with
an increase in quotas on reinsurance during the period before the disaster and the increase in the value of
premiums, all of these strategies can form a scheme whereby the insurance company to cover the financial
losses caused by floods.
ER  -