Earthquake risk transfer mechanism for rebuild and recovery based on earthquake risk model

Short-term earthquake risk models can help inform the pricing and coverage of insurance policies, which can then be used as a tool for transferring the financial risk of earthquakes from individuals and businesses to insurance companies. This allows for more efficient allocation of resources for rebuilding and recovery efforts after an earthquake, as the financial burden of the disaster is spread across a larger pool of people and organizations. Additionally, the use of risk models can also help identify areas that are at higher risk of earthquakes and prioritize them for mitigation and adaptation efforts.