Earthquake
RMS provides comprehensive coverage of seismically active regions across five continents to give you the most informed view of earthquake risk.
Advanced Science and Data
RMS earthquake models integrate insights from recent events, the latest earthquake science, site-specific geologic conditions, and engineering research on building performance from around the world to deliver valuable earthquake risk insights.
Informed Decision-Making
Assessment of earthquake risk at timescales most applicable to (re)insurance applications.
Capital Requirements
Extensive stochastic event sets capture the full range of potential earthquakes to produce a comprehensive representation of events at key return periods including tail risk.
Exposure Management
Evaluate potential hot spots and drivers of risk in earthquake portfolios for effective risk differentiation strategies.
Model Features
The RMS earthquake model suite provides the information you need to understand, evaluate, and manage earthquake risk around the world.
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North America Earthquake Models
The North America Earthquake Models are founded on a seamless seismic source model covering the whole of the U.S., Canada, and Mexico. They provide a consistent framework for modeling loss from location to portfolio level, within a city or across country borders.
Latin America and Caribbean Earthquake Models
The RMS® Latin America and Caribbean Earthquake Models provide comprehensive coverage for modeling earthquake risk in 40 countries and territories. The models are based on a custom-built, region-wide catalog of events with seismic sources covering a mix of crustal, thrust, and intra-slab features. A large variety of exposure types can be modeled including a set of standard, industrial facility, and marine cargo vulnerability curves.
Asia-Pacific Earthquake Models
The RMS suite of Asia-Pacific earthquake models leverages a substantial amount of detailed damage statistics and claims data from recent events to offer a comprehensive view of risk for the region. Currently RMS offers models that cover Southeast Asia (Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam), Japan, New Zealand, Australia, India, China, South Korea, Guam, and Taiwan.
Europe Earthquake Model
The Europe Earthquake Model is built upon a seamless seismic source model covering 26 countries, islands, and municipalities, providing a consistent framework for modeling loss from the location to the portfolio level, within a city or across country borders. The underlying seismic-source framework provides continuous coverage across Europe, enabling the management of multi-country portfolios on a country-by-country or regional basis.
Spotlight
RMS Liquefaction Update
The new and advanced approach to modeling liquefaction, a high-gradient hazard, gives more confidence to underwriters in pricing the risk from ground-related damage, location by location, and to portfolio managers in managing risk accumulations in areas prone to liquefaction.
Related Products
The RMS earthquake model and related data are included in several RMS products – each tailored to serve different use cases.
Resources
New Zealand Earthquake: How the Last Decade Has Changed…
Go back to this time 10 years ago and earthquake risk in New Zealand was a relatively low priority for the global (re)insurance industry; a decade later, and this perspective has certainly changed. Insured losses of around NZ$40 billion (US$24.1 billion) came from the 2010-2011 Canterbury Earthquake Sequence (CES) and the 2016 Kaikoura earthquake; the former is the world’s second largest earthquake insured loss. These events had a considerable impact across…
