Predictable M7.8 Feb 6 2023 Turkey Earthquake
What Turkey and Syria governments can do after the violent earthquakes
Earling short-term seismic risk models accurately detected the risks associated with the devastating earthquakes in Turkey and Syria. This valuable real-time data allows for the transfer of financial seismic risks from one sector to another, and even out of the country, even now in the aftermath of the earthquakes that and the extensive damages left behind.
Risk Swap
To decrease effect of M7.8 earthquake losses on economy.
Rapid risk transfer
Transfer earthquake risks to other sectors or distributing out of Turkey.
Disaster management
Prepare for a forthcoming event, days in advance.
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Utilities
US BUREAU of RECLAMATION hydroelectric power plants
The hydroelectric power plants with 4.2 Gigawatts capacity that affected by Peak Ground Velocity 1-2 cm/s in the M6.4 December 20 2022 earthquake
Insurance
Lloyds
Parametric insurance solutions present a unique opportunity for insurers to proactively mitigate the impact of seismic events on their bottom line. By leveraging state-of-the-art seismic data, companies such as Lloyds are well-positioned to effectively manage and minimize their financial exposure to short-term earthquake risks.
Defense
Edwards Airforce Base
Earling earthquake short-term risk detection boosts defence industry safety, improves preparedness and enhances mission success.
Energy
Chevron
Petroleum bulk stations and terminals was in the epicenter of the earthquake. With Earling, Chevron had a chance to transfer earthquake risks.
Technology
Switch Data Center
The Switch data center has been affected by several earthquakes exceeding magnitude 5, yet it remains fortified and prepared for any future seismic events.