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
Interested in a solution ?
