Advanced Modeling Methodology to Assess Earthquake
The 2010–2011 Canterbury Earthquake Sequence was the world's second-largest insured loss from earthquake in history, and the 2016 Kaikōura Earthquake was one of the most complex events ever recorded. The New Zealand Earthquake model uses learnings and data from these events, in addition to the latest science and modeling methodologies, are incorporated in the model, which is the first to include liquefaction, landslide, fire following earthquake, and tsunami.
Outperform With High Definition
The HD framework brings many benefits. Calculating losses at the location-coverage level reflects how losses occur in reality. The HD financial model enables more robust loss calculations with the flexibility to model an array of policies, including New Zealand-specific coverage such as the EQC. The New Zealand Earthquake model also enables you to access over a million realizations of earthquake losses to acquire a complete view of risk, including from extreme tail-risk events.
Enables Risk-Based Pricing
The high-resolution methodology used in New Zealand earthquake modeling captures local variations in soils, liquefaction, and landslide, and includes the ability to model risks built on slopes. This helps users differentiate between risks and manage the local market shift to residential sum insured and the introduction of risk-based pricing.
Understand Your Tail Risk
The Reserve Bank of New Zealand has a 1,000-year solvency requirement. This is one of the longest regulatory reporting return periods in the world. The New Zealand Earthquake HD model includes a large range of events, including very rare tail events, complex multi-fault earthquake ruptures and an in-built probabilistic tsunami model. To help quantify your tail risk.
New Zealand Earthquake HD Model
The most sophisticated and up-to-date view of earthquake risk in New Zealand.
Related Products
Empower your expert team with the latest New Zealand Earthquake HD Model data and insights, including delivery of data directly to your underwriter's laptop or tablet device through an API to underwriting systems or access to the complete model.



Resources

Join Us at Exceedance 2021