Multi-Hazard Loss Estimation Methodology

The Multi-Hazard Loss Estimation Methodology is a systematic approach used to assess potential damages from different natural disasters, such as earthquakes, floods, or hurricanes, in a given area. By analyzing various hazards simultaneously, this method helps communities understand risks, plan for emergencies, and allocate resources effectively. It combines data on past events, building vulnerabilities, and population exposure to estimate economic and social impacts. This comprehensive evaluation aids in creating better strategies for disaster preparedness, response, and recovery, ultimately aiming to reduce the overall risk to lives and property.