CatRisk Africa Earthquake Model

Organisation

CatRisk Solutions Ltd

Model Name

Primary Hazard

Earthquake

Countries

Algeria
Egypt
Libya
Morocco
Tunisia
Burundi
Kenya
Rwanda
Uganda
United Republic of Tanzania
Namibia
South Africa

License

Annual

Version

R.0.0.0.1

Info URL

http://www.catrisks.com/catas1.html

Mathematical model

Probabilistic

First Release

2018

Last Release

2018

Actively Used In Sector

Insurance

Secondary Hazard

Financial module (i.e. insurance policy conditions) Financial module (i.e. insurance policy conditions)

Included

Abstract

Cat Risk Solutions apply fully probabilistic methods to earthquake catastrophe risk modelling in Africa, the Middle East and Iran. Features of the model include: State-of-the-art scientific and engineering; Fully probabilistic to incorporate uncertainties; Regional model across the Middle East; Synthetic event catalogue of 10,000 years; 3-D fault modelling for each simulated event; Exposure Mapping by latitude and longitude, city, province or country; Exposure disaggregation into very fine set of points; Vulnerability functions to match exposure data; Mapping system to link user exposure; Incorporating damageability uncertainty. Analytics are fully integrated into the Oasis platform and available within CATRISK Analytical software. Financial Module includes: Limits and deductibles of different types; Shares of limits and multiple layers; Event-by-event loss by location, risk type, policy and account; EP curve, AAL and various loss statistics; Tabular Losses by return period or probability. User Interface uses Flamingo: a graphical user interface (GUI) Web-browser and the CATRISK platform - No software needs to be installed.

Model Components

Aggregate Exceedance Probabilities (AEP)
Annual Average Loss (AAL)
Occurrence Exceedance Probabilities (OEP)
Output Event Loss Table (ELT)
Output Year Loss Table (YLT)
Included hazard scenario(s)
Default vulnerability functions (for multiple exposure types)
Included hazard model(s)
Included exposure data
Geocoding Engine

Spatial Resolution Hazard Spatial Resolution Hazard

Variable Resolution Grid (>100 m max. cell size)
Variable Resolution Grid (<100 m max. cell size)

Spatial Resolution Exposure Spatial Resolution Exposure

Coordinate (lat./long.)
CRESTA
Admin level 3 (e.g., U.S. municipality)
Admin level 2 (e.g., U.S. County)
Admin level 1 (e.g., U.S. State)

Event Catalogue

Stochastic

Vulnerability Modifiers

Primary Modifiers

Loss Amplification

Uncertainty Accounted For Uncertainty Accounted For

Comments

Hazard and Vulnerability: The effect of every earthquake on individual risk is first represented by a hazard probability distribution, sampled in equally sized bins. Intensity measures, represented by each hazard bin, are combined with vulnerability functions to return a damage distribution. We perform a full numerical integration of hazard and damage distributions, resulting in event damage distributions. These distributions are sampled further using Monte Carlo simulations to allow the correct aggregation of loss at other levels.

Exposure Types

Residential Building
Residential Contents
Commercial Building
Commercial Contents
Industrial Building
Industrial Contents

Supported platform: OASIS
Platform details: -
Application Cloud Hosting Application Cloud Hosting: Cloud Hosted
Client Requirements: Windows Linux
Client Requirements RAM/CPU Client Requirements RAM/CPU: -/-
Browser Version: -

Name: Dr M Zolfaghari
Email Address / Contact Details Email Address / Contact Details: Mzolfaghari@catrisks.com
Telephone: 0000
Supporting Documentation Supporting Documentation: -
Services abstract: All models are available for Licensing under Oasis Loss Modelling platform; Portfolio analyses under consulting contract; Site-specific risk assessment; Available for commissioning models for new territories / perils.
Services downloads: -