Risk Frontiers is an independent research centre sponsored by the insurance industry to aid better understanding and pricing of natural hazard risks in the Asia-Pacific region.
It was founded in 1994 to service the specialized needs of its sponsors in the local insurance and international reinsurance markets. Its aims were to:
- undertake risk assessment and research into natural hazards,
- develop databases of natural hazards and their impacts on communities and
- insured assets, and
- develop loss models to improve the pricing of natural hazard catastrophe risks.
These activities remain the core business of Risk Frontiers today, although it now undertakes studies on a much wider range of risk-related problems and for a client base that extends well beyond the insurance sector. It is the preferred provider of research to the NSW State Emergency Service and works with various government agencies and a number of corporate and utility organisations on risk-related issues.