Earthquake Loss Assessment of Xiamen and Earthquake Insurance

Author(s):  
Shen Nanning ◽  
Deng Xiaoyun
2021 ◽  
pp. 875529302110423
Author(s):  
Zoran Stojadinović ◽  
Miloš Kovačević ◽  
Dejan Marinković ◽  
Božidar Stojadinović

This article proposes a new framework for rapid earthquake loss assessment based on a machine learning damage classification model and a representative sampling algorithm. A random forest classification model predicts a damage probability distribution that, combined with an expert-defined repair cost matrix, enables the calculation of the expected repair costs for each building and, in aggregate, of direct losses in the earthquake-affected area. The proposed building representation does not include explicit information about the earthquake and the soil type. Instead, such information is implicitly contained in the spatial distribution of damage. To capture this distribution, a sampling algorithm, based on K-means clustering, is used to select a minimal number of buildings that represent the area of interest in terms of its seismic risk, independently of future earthquakes. To observe damage states in the representative set after an earthquake, the proposed framework utilizes a local network of trained damage assessors. The model is updated after each damage observation cycle, thus increasing the accuracy of the current loss assessment. The proposed framework is exemplified using the 2010 Kraljevo, Serbia earthquake dataset.


Author(s):  
Mustafa Erdik ◽  
Karin Sesetyan ◽  
M. Betul Demircioglu ◽  
Ufuk Hancilar ◽  
Can Zulfikar

1961 ◽  
Vol 51 (2) ◽  
pp. 315-329
Author(s):  
P. G. Buffinton

Abstract The basic objective of this paper is to inform seismologists of some of the major problems which confront the earthquake insurance underwriter and to point out certain areas which are in need of further research and study. The basic factors which are generally considered in making fire and other property insurance rates are discussed with special emphasis on their application in the earthquake insurance field. The most important factor from the standpoint of earthquake insurance is the element of time or frequency of loss occurrence. In this connection a comparison is made of the fire and earthquake loss ratios for the period 1916-1957. The earthquake experience by geographic zone in the United States is discussed and a table is presented showing the frequency of United States earthquakes for the period 1638 through 1956. The author points out that based on this information, it would appear that earthquake rates in the Northeastern United States should be about 110 of the rates charged in California. A comparison is also made of the average damage in dollars for earthquakes of various intensities and a table is provided showing the results for earthquakes of intensity 7 and over on the Modified Mercali Scale. The author concludes that the underwriter would be aided by more detailed information on individual earthquakes including specific information on the type of construction damaged, the type of ground upon which the building has been built, the total dollar damage and the estimate of property values in the high damage areas. Also needed is a further evaluation of the relation of intensity and frequency and better analysis of damage caused by earthquakes of various intensities.


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