Articles | Volume 7, issue 3
https://doi.org/10.5194/gc-7-195-2024
https://doi.org/10.5194/gc-7-195-2024
GC Insights
 | 
30 Aug 2024
GC Insights |  | 30 Aug 2024

GC Insights: Open-access R code for translating the co-occurrence of natural hazards into impact on joint financial risk

John Hillier, Adrian Champion, Tom Perkins, Freya Garry, and Hannah Bloomfield

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Cited articles

Bank of England: General Insurance Stress Test 2022, https://www.bankofengland.co.uk/prudential-regulation/letter/2022/january/insurance-stress-test-2022-request-for-technical-input (last access: 5 April 2022), 2022. 
Berghuijs, W. R., Harrigan, S., Molnar, P., Slater, L., and Kirchner, J. W.: The relative importance of different flood-generating mechanisms across Europe, Water Resour. Res., 55, 4582–4593, https://doi.org/10.1029/2019WR024841, 2019. 
Bloomfield, H., Hillier, J. K., Griffin, A., Kay, A. L., Shaffrey, L., Pianosi, F., James, R., Kumar, D., Champion, A. J., and Bates, P. D.: Co-occurring wintertime flooding and extreme wind over Europe, from daily to seasonal timescales, Weather Clim. Extremes, 39, 100550, https://doi.org/10.1016/j.wace.2023.100550, 2023. 
Brandenburger, A. and Nalebuff, B.: Co-opetition, Doubleday, New York, 290 pp., 1996. 
Cordner, A.: Strategic Science Translation and Environmental Controversies, Sci. Technol. Hum. Val., 40, 915–938, https://doi.org/10.1177/0162243915584164, 2015. 
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Short summary
To allow for more effective use of climate science, this work proposes and evaluates an open-access R code that deploys a measure of how natural hazards (e.g. extreme wind and flooding) co-occur, is obtainable from scientific research and is usable in practice without restricted data (climate or risk) being exposed. The approach can be applied to hazards in various sectors (e.g. road, rail and telecommunications).
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