In the paper, we briefly introduce the development and present situation of earthquake insurance in China and foreign countries, and the evaluation of earthquake losses on the basis of seismic risk and structural vuln...In the paper, we briefly introduce the development and present situation of earthquake insurance in China and foreign countries, and the evaluation of earthquake losses on the basis of seismic risk and structural vulnerability analyses. The emphasis is given to the probabilistic density function of earthquake loss adjustment for a single building under the given insurance policy and the overall variance of estimated earthquake losses aggregated from various locations with keen interest in the insurance industries. The correlation coefficient for the damages among single structures in the United States is also introduced to interpret the risk of loss concentration in the earthquake insurance. The paper provides a scientific basis for adjusting earthquake loss and premium rate, and it also provides a useful reference for the application and expansion of earthquake insurance in China.展开更多
As one of the most powerful tools to reduce the earthquake loss, the Earthquake Disaster Management [EDM] and Insurance [EI] have been highlighted and have had a great progress in many countries in recent years. Earth...As one of the most powerful tools to reduce the earthquake loss, the Earthquake Disaster Management [EDM] and Insurance [EI] have been highlighted and have had a great progress in many countries in recent years. Earthquake disaster management includes a series of contents, such as earthquake hazard and risk analysis, vulnerability analysis of building and infrastructure, earthquake aware training, and building the emergency response system. EI, which has been included in EDM after this practice has been...展开更多
Internationally earthquake insurance,like all other insurance (fire,auto),adopted actuarial approach in the past, which is,based on historical loss experience to determine insurance rate.Due to the fact that earthquak...Internationally earthquake insurance,like all other insurance (fire,auto),adopted actuarial approach in the past, which is,based on historical loss experience to determine insurance rate.Due to the fact that earthquake is a rare event with severe consequence,irrational determination of premium rate and lack of understanding scale of potential loss led to many insurance companies insolvent after Northridge earthquake in 1994. Along with recent advances in earth science,computer science and engineering,computerized loss estimation methodologies based on first principles have been developed to the point that losses from destructive earthquakes can be quantified with reasonable accuracy using scientific modeling techniques. This paper intends to introduce how engineering models can assist to quantify earthquake risk and how insurance industry can use this information to manage their risk in the United States and abroad.展开更多
In order to examine the effect of spatial scale and building exposure distribution on the pure rate of earthquake catastrophe insurance,this study described three modules for rate determination,put forward the general...In order to examine the effect of spatial scale and building exposure distribution on the pure rate of earthquake catastrophe insurance,this study described three modules for rate determination,put forward the general assumptions and principles for calculating the pure insurance rate,and introduced three types of building distribution and their calculation.Taking Tangshan City of Hebei Province in China as an example,we analyzed the pure rate of regional earthquake insurance in terms of spatial scale and building exposure distribution by using the method of control variables.The results show that for districts(or counties)with large differences in seismic risk,the risk areas can be further divided to apply differential rates.In areas with a diverse distribution of potential earthquake source areas and large differences in building density,there is a risk of overestimating or underestimating the pure rate of earthquake insurance when buildings are distributed evenly or partially evenly.This violates the break-even principle of rate setting.This study also provides a reference for earthquake catastrophe insurance companies to choose the spatial scale and the detailed level of exposure distribution in rate determination.展开更多
基金Key research project of China Earthquake Administration (0303008).
文摘In the paper, we briefly introduce the development and present situation of earthquake insurance in China and foreign countries, and the evaluation of earthquake losses on the basis of seismic risk and structural vulnerability analyses. The emphasis is given to the probabilistic density function of earthquake loss adjustment for a single building under the given insurance policy and the overall variance of estimated earthquake losses aggregated from various locations with keen interest in the insurance industries. The correlation coefficient for the damages among single structures in the United States is also introduced to interpret the risk of loss concentration in the earthquake insurance. The paper provides a scientific basis for adjusting earthquake loss and premium rate, and it also provides a useful reference for the application and expansion of earthquake insurance in China.
基金The Natural Science Foundation of China (No. 50278028)the Scientific Research Foundation of Harbin Institute of Technology(HIT-2000,79).
文摘As one of the most powerful tools to reduce the earthquake loss, the Earthquake Disaster Management [EDM] and Insurance [EI] have been highlighted and have had a great progress in many countries in recent years. Earthquake disaster management includes a series of contents, such as earthquake hazard and risk analysis, vulnerability analysis of building and infrastructure, earthquake aware training, and building the emergency response system. EI, which has been included in EDM after this practice has been...
文摘Internationally earthquake insurance,like all other insurance (fire,auto),adopted actuarial approach in the past, which is,based on historical loss experience to determine insurance rate.Due to the fact that earthquake is a rare event with severe consequence,irrational determination of premium rate and lack of understanding scale of potential loss led to many insurance companies insolvent after Northridge earthquake in 1994. Along with recent advances in earth science,computer science and engineering,computerized loss estimation methodologies based on first principles have been developed to the point that losses from destructive earthquakes can be quantified with reasonable accuracy using scientific modeling techniques. This paper intends to introduce how engineering models can assist to quantify earthquake risk and how insurance industry can use this information to manage their risk in the United States and abroad.
基金funded by the National Key Research and Development Program(2022YFC3003500)the 111 Project(D21001).
文摘In order to examine the effect of spatial scale and building exposure distribution on the pure rate of earthquake catastrophe insurance,this study described three modules for rate determination,put forward the general assumptions and principles for calculating the pure insurance rate,and introduced three types of building distribution and their calculation.Taking Tangshan City of Hebei Province in China as an example,we analyzed the pure rate of regional earthquake insurance in terms of spatial scale and building exposure distribution by using the method of control variables.The results show that for districts(or counties)with large differences in seismic risk,the risk areas can be further divided to apply differential rates.In areas with a diverse distribution of potential earthquake source areas and large differences in building density,there is a risk of overestimating or underestimating the pure rate of earthquake insurance when buildings are distributed evenly or partially evenly.This violates the break-even principle of rate setting.This study also provides a reference for earthquake catastrophe insurance companies to choose the spatial scale and the detailed level of exposure distribution in rate determination.
