Prediction of insurance loss from earthquakes

G. R. Walker

doi:10.5459/bnzsee.30.1.40-45

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

DOI: https://doi.org/10.5459/bnzsee.30.1.40-45

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.

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