System for building-specific multi-peril risk assessment and mitigation

A system for building-specific multi-peril risk assessment and mitigation, the system comprises:

• a multi-peril hazard module configured to:
• obtain hazard information related to at least a building for multiple perils;
• and
• create a multi-peril event catalogue for the multiple perils, wherein the multi-peril event catalogue is configured to generate intensity measures for each of the multiple perils;
• a processor configured to:
• derive a peril vulnerability function for each of the multiple perils for an archetype of the building, wherein the peril vulnerability function relates to a consequence of interest corresponding to the archetype of the building;
• and
• determine building-specific risk assessment results based on the hazard information and the peril vulnerability function;
• a database configured to:
• store the derived plurality of peril vulnerability functions for the multiple perils corresponding to each of the archetypes of buildings;
• and
• a graphical network module configured to:
• create probabilistic networks, wherein the probabilistic networks are connected to the determined building-specific risk assessment results of the peril vulnerability functions that have strong interdependencies;
• and
• determine a multi-peril risk associated with the building.