JDR Vol.17 No.2 pp. 246-256
doi: 10.20965/jdr.2022.p0246


Prioritization of Different Kinds of Natural Disasters and Low-Probability, High-Consequence Events

Moe Fujita and Yosuke Yamashiki

Graduate School of Advanced Integrated Studies in Human Survivability, Kyoto University
1 Nakaadachi-cho, Yoshida, Sakyo-ku, Kyoto, Kyoto 606-8306, Japan

Corresponding author

January 31, 2020
December 28, 2021
February 1, 2022
LPHC, HPLC, emergency risks, prioritization, insurance

In the history of terrestrial lifeforms, several different kinds of natural disasters can be classified in biological history since the Phanerozoic period. The most serious disasters can be classified as (1) volcanic disasters, (2) asteroid impacts, and (3) climate disasters, in reference to the root cause of low-probability, high-consequence (LPHC) events. However, on a shorter timescale, mankind is more vulnerable to frequent disasters, such as (i) large floods, (ii) epidemics, (iii) earthquakes, (iv) tsunamis, and (v) small-medium scale volcanic eruptions. These are known as high-probability, low-medium-consequence events (HPLC). LPHC occurrences have a very low probability of occurring, but they would have catastrophic consequences. HPLCs occur more frequently, with most of them having decadal frequency. They cause local fatalities, but they are never global in scale. In this study, these events are classified and evaluated based on the potential risk for human civilization. We also discuss how to incorporate different considerations related to prioritizing different disasters, focusing on whether insurance mechanisms can be applied or not.

Cite this article as:
M. Fujita and Y. Yamashiki, “Prioritization of Different Kinds of Natural Disasters and Low-Probability, High-Consequence Events,” J. Disaster Res., Vol.17 No.2, pp. 246-256, 2022.
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