Prediction of insurance loss from earthquakes

  • G. R. Walker Alexander Howden Reinsurance Brokers (Australia) Limited, Sydney, Australia

Abstract

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.

References

Alexander Howden Group Ltd, 1995. The Great Hanshin Eanhquake. London.

Coburn, A and Spence, S, 1992. Earthquake protection. Wiley, Chichester, UK.

Dong, W, Wong F, Kim, J and Shah, H, 1988. A knowledge-based seismic risk evaluation system for the insurance and investment industries (IRAS). Proceedings, 9th World Conference on Earthquake Engineering, Tokyo.

Friedman, D G, 1975. Computer Simulation of Natural Hazard Assessment. Institute of Behavioural Science, University of Colorado, Boulder.

National Astronomical Observatory (Japan), 1994. Chronological Scientific Tables. 1994 Edition, Maruzen. Tokyo.

NRMA Insurance Ltd, 1990. Newcastle Earthquake: the Unexpected Event. Sydney.

Sandri, P and Mehta, K C, 1995. Using a Backpropagation Neural Network for Predicting ind induced Damage to Buildings. Proceedings, 9th International Conference on Wind Engineering, Delhi, 1989-1999.

Published
1997-03-31
How to Cite
Walker, G. R. (1997). Prediction of insurance loss from earthquakes. Bulletin of the New Zealand Society for Earthquake Engineering, 30(1), 40-45. https://doi.org/10.5459/bnzsee.30.1.40-45
Section
Articles