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Vulnerability and Exposure Metrics (Population, Infrastructure, Economic)
A focus is made on Haiti due to the large losses incurred there. After hurricanes in 2004, 2008 and 2012, unfortunately 2016 provided yet another large loss to an already vulnerable economy reeling from the earthquake in 2010. The total capital per capita ranges from around $700 to $5800 USD depending on the commune. The south-west is dominated by rural communities with only 22% Urban. Coffee and other agriculture are key to these locations.The building typologies are mostly sheet metal roofed with some thatch and straw towards the western tip. There are a mixture of typologies with wood frames, metal, concrete cinder block, concrete being the construction of choice. Most pure concrete framed buildings fared better than the light wooden framed buildings.Infrastructure in the region includes the newly built RN7 road, and significant power infrastructure at Les Cayes and across the peninsula. Water is usually supplied on a commune level and is difficult to assess.
(Insured) Loss Estimates:
Modelled losses in Haiti are around $2.25 billion in total with ca. $500mn ($380mn-$710mn) in residential and nonresidential infrastructure in wind and rain losses, with another $250mn ($125mn-$490mn) estimated due to capital flood impacts. It should be noted that this does not include a disaggregation of non-residential and residential.
The losses globally will be very small in Haiti in the insurance industry due to very low take out. It could be assumed that these will not top $50m. The connectivity of this region is very small however the Haitian Blue coffee provisions may have minor impacts on business interruption.