Optimizing Insurance Strategies through Disaster Risk Assessment Models: A Case Study of Earthquakes in Japan

With the increasing frequency of extreme weather events and natural disasters, insurance providers around the world are facing enormous challenges. This study addresses insurance claims resulting from these disasters by developing a comprehensive disaster insurance risk assessment model, focusing on Japan, a country prone to frequent earthquakes. The model integrates a Catastrophe Model, the Analytic Hierarchy Process (AHP), and an expert scoring method to optimize the risk assessment and compensation process for historic buildings. The results show that the model has strong predictive power, which provides valuable insights for insurance companies, policymakers, and urban planners in mitigating the impact of disasters and protecting cultural heritage.