A probabilistic approach for earthquake risk assessment based on an engineering insurance portfolio

Wen Ko Hsu, Wei Ling Chiang, Qiang Xue, Dung Mou Hung, Pei Chun Huang, Cheng Wu Chen, Chung Hung Tsai

Research output: Contribution to journalArticlepeer-review

16 Scopus citations

Abstract

This paper presents the construction classification of the existing engineering covers in Taiwan. The exposure profile and variable vulnerability during different construction phases are established for some kinds of classes of construction. Finally, we present a method and framework to estimate the probable maximum loss of engineering insurance portfolio during an earthquake with consideration of the dynamic nature of structural changes and exposure values during a construction project.

Original languageEnglish
Pages (from-to)1559-1571
Number of pages13
JournalNatural Hazards
Volume65
Issue number3
DOIs
StatePublished - Jan 2013

Keywords

  • Engineering insurance
  • Exposure
  • Probable maximum loss
  • Vulnerability

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