Philippines

	Earthquake

Philippines Earthquake

As part of the Pacific "Ring of Fire," the Philippines is one of the most seismically active regions in East Asia. The archipelago is situated in the collision zone of the Eurasian Plate subducting in the west and the Philippine Sea Plate subducting in the east.

The oblique convergence of the Eurasian and Philippine Sea plates leads to the development of the Philippine Fault System and other smaller shallow crustal faults. The Philippine Fault System is a major strike-slip fault structure that traverses the entire length of the archipelago and has produced several of the most destructive earthquakes in recorded history, including the 1990 Luzon Earthquake (Ms7.8), which caused an estimated damage of US$2 billion.

The RMS® Philippines Earthquake Model provides the most advanced solution available for insurers and reinsurers to understand and manage earthquake risk to exposures in the Philippines.

Model Highlights

	Seismic source model covering all of the Philippines, including deep sources up to 100 km (60 miles)
	Incorporates recent research in seismic hazard modeling throughout the country, including the paleoseismic investigation of the Valley Fault System near Manila
	High-resolution soil and liquefaction data for Metro Manila, which comprises nearly half of the insured earthquake exposure
	Vulnerability based on regional urbanization, accounting for the unique inventory characteristics of the Metro Manila region
	Five attenuation functions, specific to fault rupture mechanism
	Developed with the support of local seismologists and engineers
	Validated with insurance claims data from the 1990 Luzon Earthquake

Geographic Scope

All of the Philippines

Exposure Data Resolution

Data input supported at the following levels of resolution: Latitude/Longitude, Postal Code, City/Municipality, Province, Sub-CRESTA, and CRESTA.