Measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method

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date 2020-04-15 04:13:57
eventvenue Riyadh, Saudi Arabia
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spelling 8448 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=8448 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Conference Conference Paper application/pdf 4 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML like Gecko) Chrome/80.0.3987.149 Safari/537.36 2020-04-15 04:13:57 1851-01-FH03-FIK-20-37022.pdf UniSZA Private Access Measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method One of the efforts to alleviate the risk of loss of building damage due to flooding of the Citarum River is by buying insurance. But not all people in the Citarum watershed are able to buy flood insurance. In this paper aims at identifying, mapping of flood-prone areas and flood mitigation. It is assumed that there are eight variables that affect the ability to purchase flood insurance, including: income level, education level, respondent's age, number of family members, perception of damage impact, distance of house to river, elaboration of buildings by road, and experience of flood frequency. Measurement analysis is done using the Contingent Valuation Method approach, and uses multiple linear regression models. Based on the results of the analysis shows that the variables of income, age, level of education, and number of family members significantly influence the ability to buy flood insurance. This is expected to be a consideration for insurance companies, to determine flood insurance premium rates in the Citarum river basin, to be affordable by many people 1st GCC International Conference on Industrial Engineering and Operations Management, IEOM 2019 Riyadh, Saudi Arabia
spellingShingle Measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method
summary One of the efforts to alleviate the risk of loss of building damage due to flooding of the Citarum River is by buying insurance. But not all people in the Citarum watershed are able to buy flood insurance. In this paper aims at identifying, mapping of flood-prone areas and flood mitigation. It is assumed that there are eight variables that affect the ability to purchase flood insurance, including: income level, education level, respondent's age, number of family members, perception of damage impact, distance of house to river, elaboration of buildings by road, and experience of flood frequency. Measurement analysis is done using the Contingent Valuation Method approach, and uses multiple linear regression models. Based on the results of the analysis shows that the variables of income, age, level of education, and number of family members significantly influence the ability to buy flood insurance. This is expected to be a consideration for insurance companies, to determine flood insurance premium rates in the Citarum river basin, to be affordable by many people
title Measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method
title_full Measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method
title_fullStr Measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method
title_full_unstemmed Measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method
title_short Measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method
title_sort measuring the level of ability to pay flood insurance premiums and the factors that influence it by using the contingent valuation method