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GRA · Reinsurance and Catastrophe

Spatial financeWhere capital meets hazard, exposure and transition

Structural and earthquake engineering for reinsurance and catastrophe

Structural engineering explains how buildings and infrastructure respond to wind, ground shaking, flood and fire. In catastrophe reinsurance it supplies the vulnerability functions that convert hazard intensity into damage and loss.

01Qeyd

Structural and earthquake engineering for reinsurance and catastrophe on the record.

Method recordSTEM method
  1. RêbazStructural and earthquake engineering
  2. Applied inSîgortaya duyemîn û katastrof
  3. Canonical pageSTEM Commons
02Serlêdan

What structural and earthquake engineering does here.

Structural and earthquake engineering designs buildings, bridges and other structures to carry loads safely, including those from earthquakes, wind and floods. It determines how much damage the built environment suffers when hazards occur. In insurance and catastrophe, climate and hazards and disaster and crisis, structural engineering supplies vulnerability functions for loss models and guides retrofit priorities. It links hazard intensity to disruption of housing, services and supply chains. The canonical description is on the STEM Commons.

Vulnerability by construction class

Damage functions are developed by construction type, height, age and code era from engineering analysis and claims.

Building code effectiveness

Loss differences between buildings of different code eras are studied to show how much stronger standards reduce damage.

Post-event damage surveys

Field surveys after events record damage patterns by building type, which are then used to recalibrate vulnerability functions.

03Spatial finance

Assets on the grid, and the portfolio they make.

Where a portfolio’s assets sit, and how much of its value is most exposed. Hypothetical assets, not an assessment.

Sixteen assets at real towns, and the share of portfolio value in the most exposed places.Hypothetical assets and design scores, not advice.
04Dane

What the method consumes.

Datasets and records used by structural and earthquake engineering on this platform, with the role each plays and the label its values carry. Sources are listed in the source register.

DaneRolNîşan
Claims by construction typeCalibrationREPORTED
Engineering test resultsComponent behaviourÇAVDÊRÎKIRÎ
Post-event surveysDamage patternsÇAVDÊRÎKIRÎ
05Çavdêrî bike

Fragility analysis.

The screen a team would use to follow this method: its measures, states and decisions. Names are examples and values are illustrative.

Fragility analysis

Reinsurance and catastrophe · Structural and earthquake · Run R-8382

Test campaignGRA · Reinsurance and Catastrophe

Damage states

Slight0.180.6Cosmetic
Navîn0.320.7Repairable
Extensive0.630.7Major
Temam0.90.7Replace

Method card

Rêbaz
Endezyariya avahî û erdhejê
Standard
lognormal fragility
Nirxandkar
serbixwe
Nîşan
MODELKIRÎ

Fragility curves

Fragility analysis: the screen’s structure, terms and states for Reinsurance and catastrophe.Nav û nirxên nimûneyî; sêwiran e, ne qeyd an pergaleke zindî ye.
06Erêkirin

How results are checked.

Designs are checked against codes, laboratory and shake-table tests, and observed performance after events. Peer review is used for unusual structures.

Kontrol bikinHow it is done
Claims back-testingFunctions reproduce observed damage ratios
Secondary modifiersThe effect of roof, opening and foundation features is documented
Regional applicabilityFunctions are checked for the building stock where applied

Existing building stock is often poorly documented. Interaction of multiple hazards and degradation over time is incompletely represented.

07Loss model

Loss exceedance, average annual loss and probable maximum loss.

The loss a portfolio in the footprint can expect per year and at the 1 in 100 and 1 in 250 levels that insurers and lenders price, from the same three blocks every catastrophe model uses. Teaching model with stated illustrative values, not a prediction. The map on this page shows The Gulf of Mexico coast; the model itself is not tied to a place.

Kontrol

Typical annual peak ground acceleration (location)
0.04 g peak ground acceleration
Belavbûna nirxên tund (pîvan)
0.05 g peak ground acceleration
Tundiya ku nîvê nirxê tê de winda dibe
0.45 g peak ground acceleration
Belavbûna lawazî
0.60
Para nirxê di nav şopa metirsî de
40%
Standarda parastinê (heyama vegerê)
50 sal

Xwendin

Windahiya salane ya navînî
0.18% of value
Windahî di 1 ji 100 salan de
7.9% of value
Windahî di 1 ji 250 salan de
11.1% of value
Tundî di 1 ji 100 salan de
0.27 g peak ground acceleration
Jimar, rêbaz û çavkanî
Heyama vegerê (sal)Intensity (g peak ground acceleration)Windahî (% ya nirxê)
1−0.020.00
20.060.00
40.100.00
70.130.00
130.170.00
240.200.00
440.230.00
820.267.23
1540.299.40
2870.3211.60
5360.3513.79
1,0000.3915.92

Rêbaz

  1. Metirsî: nirxên dawîn ên Gumbel Gumbel (1958), Statistics of Extremes, Columbia University Press
  2. Nazikiya lognormal (lawazî) FEMA (2003), HAZUS-MH Technical Manual
  3. Qada îhtîmala derbasbûnê û windahiya salane ya navînî Grossi and Kunreuther (2005), Catastrophe Modeling, Springer
  4. Bandora bendavê Di Baldassarre and others (2013), Socio-hydrology, HESS 17
  5. Pankeya nediyarîyê (Monte Carlo ya parametreyan) Spiegelhalter, Pearson and Short (2011), Visualising uncertainty about the future, Science 333
  6. Hesasiyeta yek-yek (tornado) Saltelli and others (2008), Global Sensitivity Analysis: The Primer, Wiley

Dane

The model runs on the teaching values set by the controls. To calibrate it for a place, read it against these admitted layers and series, which this page’s map can draw:

  • Çem Natural Earth
  • Dirêjahiyên bajarî Natural Earth
  • Bajar Natural Earth
  • Erdhejên M4.5+, hefteya borî (USGS) U.S. Geological Survey · register usgs.earthquake.summary-feeds
  • Rêjeya baranê, nîv saeta dawîn (IMERG) NASA GPM IMERG Early · register nasa.gibs.context-live-layers
  • Pêşbînî: herikîna çemê, 30 roj bi navber (GloFAS bi riya Open-Meteo) Open-Meteo.com (CC BY 4.0), Copernicus GloFAS · register open-meteo.public-pages
  • Berfirehiya avakirî û niştecihbûnê, 2010 (HBASE, Landsat) CIESIN/Columbia, NASA SEDAC HBASE · register sedac.context-urban-layers
Loss exceedance, average annual loss and probable maximum loss. Illustrative teaching model: it runs on the values set by the controls, not on measured data. Methods: Gumbel extreme-value hazard (Gumbel (1958), Statistics of Extremes, Columbia University Press); Lognormal fragility (vulnerability) (FEMA (2003), HAZUS-MH Technical Manual); Exceedance-probability curve and average annual loss (Grossi and Kunreuther (2005), Catastrophe Modeling, Springer).

Li seranserê şeş stûnan, bi pêşengiya Nexus Consortium

08Connections

Topics that rely on this method.

09Simulatorê cêwî û kaskade

Trace a shock to the balance sheet.

Assembled from the Nexus Standards area profile Sîgorta û ji nû ve sîgorta: the shocks it names, the pergalan and sectors that carry the loss, the controls that dampen it and the data that observe it. Pick an initiating shock and step through the cascade to see which exposures it reaches and where losses could concentrate. The Map view places the run on an example geography with open data. Every weight is a stated assumption. An exercise, not a forecast, a valuation, a rating or investment advice. To model a place of your own choosing, open the full System Builder.

Metirsî

  • Tropical cyclone
  • Erdhej
  • Ice-jam flood
  • Agirê daristanan
  • Storm surge (set off downstream)
  • Intense rainfall (set off downstream)
  • River flood (set off downstream)
  • Flash flood (set off downstream)
  • Dangerous surf (set off downstream)
  • Qutbûna berfireh a elektrîkê (li aliyê jêr çê dibe)
  • Koçberiya girseyî (li aliyê jêr çê dibe)
  • Coastal flood (set off downstream)
  • Aftershock sequence (set off downstream)
  • Fault surface rupture (set off downstream)
  • Soil liquefaction (set off downstream)
  • Slope slide (set off downstream)
  • Rockfall (set off downstream)
  • Tsunami (set off downstream)

Kontrol

  • NS-0 Destûr û prensîb
  • NS-3 UNIyên tomara xetereyê (rêzimanî, nexşeya veguhastina ji pergala kevin, desthilata veqetandinê)
  • NS-9 UNI yên çarçoveyî (belavkirin, mînak, mînakên bernameyê)
  • NS-10 Policies and clauses (machine-readable obligations: definition, binding, evaluation and enforcement)
  • NS-11 Piştrastkirin û çavdêrî (delîl, erêkirin, çavdêriya lihevhatina zero-trust)
  • NS-14 Lihevhatin û nexşeya li standardên derveyî
  • NRS-F3 Sîgorta, xetera felaketan û valahiyên parastinê
  • NRS-H113 Malbata metirsiyê: Nazikiya pergala darayî (NHS-1 soc.financial-system)
  • NRS-U17 Universe platform profile: Insurance Nexus
  • NRS-H71 Malbata metirsiyê: Felaketên kozmîk û yên dema kûr (NHS-1 planet.deep-time)
  • NRS-H65 Malbata metirsiyê: Binpêkirinên sînorên gerstêrkê (NHS-1 planet.boundary)
  • NRS-F8 Veguhastina xeterê ya parametrîk û li ser bingeha îndeksê

Çavdêrî

  • OECD Data Explorer (incl. Creditor Reporting System, insurance and pension statistics) (listed for reference)
  • Insurance statistics (listed for reference)
  • USGS earthquake GeoJSON summary feeds (listed for reference)
  • Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)
  • Direct economic loss attributed to disasters in relation to global gross domestic product
  • (a) Number of commercial bank branches per 100,000 adults and (b) number of automated teller machines (ATMs) per 100,000 adults

Erdnîgariya mînakê

  • Western Europe: 152 hexagonal cells
  • Rêjeya barînê, nîv saeta dawî (IMERG), NASA GIBS
  • Ronahiyên şevê îşev, qutbûn (VIIRS Day/Night Band), NASA GIBS
  • Ava rûyê erdê di nav ewr re, 30 m (radara OPERA DSWx-S1), NASA GIBS
  • Carbon monoxide, smoke transport (AIRS), NASA GIBS
10Stewardship

Who maintains the method.

Bajar û jîngeha avakirî stewards structural and earthquake engineering for the Consortium and reviews how it is applied across platforms.

11Exposure, loss and capital

What it means for exposure, loss and capital.

The exposure, loss, scenario and capital views a risk officer, supervisor or ministry of finance would ask for, with the frameworks they report against. Structures follow supervisory and actuarial practice. Values are illustrative: never prices, ratings or advice.

Exposure and loss at return periods

How losses from structural and earthquake engineering for reinsurance and catastrophe grow with severity, gross and net of reinsurance, against capital.

1 in 101 in 501 in 1001 in 250grossnet of reinsurance800
Return periodAnnual probabilityGross lossNet lossNet, capital = 100
1 in 100.10141010
1 in 500.02332121
1 in 1000.01462727
1 in 2500.004683939
Windahiya salane ya navînî3.12.22.2
Illustrative loss index for a example portfolio (capital = 100): the exceedance-probability form insurers and supervisors read. Not data on any institution, not a price or a rating.
NGFS climate scenarios · Network for Greening the Financial SystemIFRS S2 Climate-related Disclosures · ISSBTCFD recommendations · Financial Stability Board TCFDPrinciples for the effective management of climate-related financial risks · Basel Committee on Banking Supervision
13Pirs

Pirs û bersiv.

What are the limits of structural and earthquake engineering in this field?
Existing building stock is often poorly documented. Interaction of multiple hazards and degradation over time is incompletely represented.
How are results checked?
Designs are checked against codes, laboratory and shake-table tests, and observed performance after events. Peer review is used for unusual structures.
Are the values on this page real?
The data names, roles and checks are real descriptions of practice. The canvas shows a design of the method’s use, not a run; no result is reported here.
Where else is this method applied?
Çavdêrxaneya canonical method page lists every platform that applies it.
rêzeya Pergalên StratejîkTevkarî bike

Ji vê rûpelê delîl bidin.

rêzeya Pergalên Stratejîk is the Consortium’s quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.

Global Risks AllianceSîgortaya duyemîn û katastrofAmadebûna fînans û sîgortayêRêbaz û teknîkî
Sîgortaya duyemîn û katastrof

Bring an exposure or capital question to the Alliance.

Agahî û pirs îro vekirî ne. Pirsek referansekê distîne û gava piştî wê dide nasîn; serlêdan, drav, veqetandina hesabkirinê û tomarkirin tenê dema ku tîm, mercên wê û kapasîteya vekolînê hebin vedibin.