Earthquake Risk Transfer for Romania

Earthquake Risk Transfer for Romania; Short-term earthquake loss
Fig.1 - Hashed circles represent current Earling undercover regions.

Romania has one of the highest seismic‐hazard levels in Europe. A recent study by Pavel et al. (2016), shows that around two‐thirds of the country has expected peak ground acceleration above 0.2 g. Finally, a 5.8 magnitude earthquake shook central Romania and the capital in the early hours of October 28, 2018. Earling has been issued several earthquake preparedness alerts for the undercover regions in Romania. One of them issued on October 27, 2018, a few hours before the October 28, M5.5 earthquake.

EPA Effect on Romania Probable Maximum Loss

Fig.2 Probable Maximum Loss (PML) - Mean return period in years. Romania Average Annual Loss is $255 million (Roamnia Disaster & Risk Profile, 2014). EPA can increase insured losses and affect risks.

Romania short-term expected earthquake loss

Earthquake risks that need to be transferred? download the report.