Extreme Event Risk

Earthquake Models

Verisk Earthquake Models leverage local and regional expertise to represent the most advanced understanding of seismic hazard and building vulnerability.

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Manage uncertainty with high-quality data

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. High-quality data, modeled intelligently, helps you handle earthquake risk and response.

Reliably assess and manage seismic risk

Get the most comprehensive view of earthquake risk available to help you fashion more effective portfolio management strategies and make sound underwriting decisions.

Capture regional differences in vulnerability

Data on region-specific construction practices and building codes, damage surveys, and engineering research combine for a more accurate picture of building stock variability.

Estimate potential damage and losses from tsunamis

The models simulate water propagation and inundation to provide the most accurate view of this important source of loss.

Account for the impact of aftershocks

Although typically smaller than a mainshock, aftershocks can increase losses by damaging structures already impacted by an earthquake.

The Verisk Vulnerability Assessment Framework addresses the challenging problem of assessing the entire U.S. building stock in a manner than can be used to analyze spatially distributed risks and expected losses under a seismic event. The Framework recognizes the complexity of design code development over time and within different regions.

Eric Hines

Tufts University

Ph.D., PE, Professor

Verisk’s scientifically advanced earthquake models, combined with its innovative software platform Touchstone, further strengthen our customer Proposition by making it easier to present catastrophe modeling results and risk management decision options.

National Reinsurance Corporation of the Philippines

Features and capabilities

Probabilistic modeling approach and support for sub-perils

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.

Get a comprehensive view of seismic hazard

Because relying on historical records alone is insufficient for estimating where future earthquakes will occur and how large they will be, Verisk models also use information from extensive GPS networks to provide insight into where and how seismic stress is accumulating.

Broad support for construction classes and occupancies

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.

Related resources

Access the latest articles and reports to better understand your exposure to earthquake risk.

Documentation

Extreme Event Solutions Client Portal

Access client-confidential downloads, training, and documentation for Verisk's extreme event solutions model, software, and service offerings.

Article

2023 Turkey Earthquakes: Models Should Already Consider These Events

Large earthquake risk in Turkey is very much a reality and can produce significant losses.

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Article

Are property owners and insurers ready for the next big earthquake?

The big question facing many insurers and policyholders is: Are we equipped for these rare-but-devastating disasters?

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Resources

About Catastrophe Modeling

For rare but severe events, historical loss information is often unreliable in assessing future loss potential. That’s where catastrophe modeling comes in.

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