The Global Risk Model

The v2023.0.0 release for the Global Risk Model is now available! 🥳 🚀

Explanation of profile content

The GEM Foundation has produced a collection of Country/Territory Seismic Risk Profiles that summarize key metrics of seismic risk, allowing stakeholders in risk management to get an overview of the risk in a region at-a-glance. Each profile presents the following relevant information:

• Social indicators, which provide context to the region in question

• Risk indicators, detailing an occupancy breakdown of exposed value and losses

• A list of the major earthquakes that have impacted the region

• Loss per region, providing a breakdown of average annual losses per administrative level 1

• Building classes, depicting the major construction materials used in the region

• Loss curves, which provide expected losses per different return periods

• Maps depicting the geographical distribution of hazard, exposure, and losses

The risk values presented are the results of an event-based risk analysis, where 100,000 years of earthquakes are simulated. Three lines of business are considered: residential, commercial, and industrial. Therefore, the value or earthquake losses from damage to other building occupancies (e.g., schools, healthcare) and infrastructure are not included.