Market participants seek to address earthquake model blind spots

Recent earthquakes in New Zealand and Japan have woken up many insurers to the potential for unexpected losses from secondary agents following catastrophes. Thomas Whittaker reports

earthquake

Click here to view the full article and chart.

On March 11 last year, a 9.0 magnitude earthquake struck Japan. The quake, claimed to be the most powerful in modern times, was catastrophic for the country as a whole but also for (re)insurers throughout the world. The economic losses from the earthquake were estimated at between $210 billion (£130 billion) and $300 billion, making it the most costly natural catastrophe of all time, according to Swiss Re, while preliminary estimates put insured

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here