How to prepare for expected earthquakes
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Natural disasters such as earthquakes, hurricanes, and wildfires can have devastating effects on communities, infrastructure, and personal finances. Being financially prepared for such events is…
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The cost of the 2011 Christchurch earthquake was substantial, with the British-owned Ansvar Insurance alone suffering $700 million worth of losses.
The overall cost of the earthquake was…
Read nowEarthquakes happen every day in New Zealand. Approximately 14-15,000 occur in and around the country each year. Most of them are too small to be noticed, about 200 are large…
Read nowParametric insurance is known as an index-based insurance policy and coverage is based on a metric from the collection of reliable data from third-party source. The claims payment…
Read nowEarling's short-term earthquake risk models have demonstrated the ability to detect the risk of major earthquakes, such as the M6.4 in December 2022 and the M6.2 in December 2021, before these…
Read nowParametric Insurance Benefits for Individuals
A parametric insurance policy for travel can provide a predetermined payout if a flight is delayed or cancelled due to illness or other…
Read nowAccess to Earling's short-term earthquake risk models can significantly benefit risk owners in transferring their earthquake risks through parametric insurance. For instance, consider the scenario…
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