We cover client’s earthquake exposure in all sectors, offering full flexibility and swift payouts for:
Public infrastructure: roads, bridges, and dams
Industrial buildings
Strategic supply chain assets
Underground network & utilities
High value property
Quote requirements
Statement of values (SOV):
All information pertaining to the location, i.e: GPS coordinates, build, construction, roof covering etc.
Loss record:
Information about past earthquake events (e.g. losses, years) to help calibrate the model
Budget & sum insured:
Parametric structures are infinitely flexible, and we strive to match the client’s budget
Risk engineering report (if available):
Report assessing the assets’ vulnerability to the peril
case study example
Earthquake risk for property assets
Problem
On November 14, 2016, a magnitude 7.8 Earthquake struck the north-eastern Kaikoura region on the South Island of New Zealand.
Solution
In this highly earthquakeexposed region, the parametric cover would have provided the client with the following:
Result
Client location: sum insured NZD 100M, impacted by PGA (peak ground acceleration) = 0.166g
The client would receive $10M 10% on the $100M sum insured
Contact Us
Whether you're quoting a complex risk, looking to break into new markets, or just curious about parametric insurance, our team is here to help you win. Reach out and we will get back to you within 48 hours.
