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Dr Ken Dale
Geoscience Australia
Following the terrorist attacks in the US in 2001 there was a global withdrawal of terrorism insurance. The Australian Government responded by establishing the Australian Reinsurance Pool Corporation (ARPC) through the Terrorism Insurance Act 2003. The ARPC manages a Terrorism reinsurance pool worth ~$13 billion on behalf of the Australian Government.
Subsequently, a range of Australian Government initiatives and collaborations have led to development of a terrorism loss estimation capability at Geoscience Australia. This operational capability can provide loss estimates to the ARPC for bomb blasts in Australian Central Business Districts.
The capability also allows the ARPC to undertake scenario analyses to better understand their exposed risk and the suitability of the pool capacity. This improved knowledge and evidence base for decision making has resulted in discounted reinsurance purchases and consequent savings for the Australian Government.
Dr Ken Dale is a structural engineer who obtained his Bachelor degree and PhD at Monash University. Since joining Geoscience Australia in 2003 Ken has contributed to development of vulnerability models for buildings and other infrastructure and to post-disaster surveys related to a range of hazards including bushfires, floods, tropical cyclones and earthquakes. Ken has led the development of a terrorism loss estimation capability at Geoscience Australia since 2009.
This talk is presented as part of the Distinguished Geoscience Australia Lecturer series
Date: 26 August 2015
Time: 11.00am AEST
Location: Sir Harold Raggatt Theatre, Geoscience Australia
Cost/bookings: Free, no bookings required
More information: talks@ga.gov.au
