Open AccessPrediction of insurance loss from earthquakes
Author(s) -
George R. Walker
Publication year - 1997
Publication title -
bulletin of the new zealand society for earthquake engineering/nzsee quarterly bulletin
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.917
H-Index - 36
eISSN - 2324-1543
pISSN - 1174-9857
DOI - 10.5459/bnzsee.30.1.40-45
Subject(s) - natural hazard , risk analysis (engineering) , actuarial science , property insurance , natural disaster , computer science , forensic engineering , engineering , business , casualty insurance , insurance policy , geography , meteorology
This paper outlines the nature of catastrophe insurance and how developments in information technology are providing tools which overcome many of the problems associated historically with estimating the risk of insurance loss from major natural hazards. A brief description of earthquake loss prediction models is presented, some of their current shortcomings highlighted, and the major priorities for research discussed.