Relying on historical earthquake data isn’t always helpful, especially in regions with limited historical seismic activity. Finding accurate, up-to-date, comprehensive building exposure data is another challenge. And earthquakes can cause widespread damage in seconds, flooding your business with many claims all at once.
Get the most comprehensive view of earthquake risk available to help you fashion more effective portfolio management strategies and make sound underwriting decisions.
Data on region-specific construction practises and building codes, damage surveys, and engineering research give you a clearer picture of building stock variability.
The models simulate water propagation and inundation to provide the most accurate view of this important source of loss.
Verisk Earthquake Models provide a probabilistic approach for determining the likelihood of loss from earthquake ground shaking, as well as from five earthquake-related sub-perils: fire following, tsunami, liquefaction, landslide, and sprinkler leakage.
Because relying on historical records alone is insufficient for estimating the location and size of future earthquakes, Verisk models also use information from extensive GPS networks to provide insight into where and how seismic stress is accumulating.
These models support 127 construction classes and 111 occupancy classes (62 for large industrial facilities) for shake, fire following, tsunami, liquefaction, landslide, and sprinkler leakage sub-perils.
Verisk offers a wide range of solutions for assessing, mitigating, and pricing earthquake risk.
Understand your estimated exposure to loss from extreme events today—and in the future.
Model the risk of complex reinsurance contracts to inform your underwriting and pricing decisions like never before.