earthquake early warning

Business Overview 

The short-term seismic risk models developed for Japan have the potential to greatly improve the government, business, and individual responses to major earthquakes. By issuing alerts a few days in advance, instead of just seconds, these models provide valuable extra time for people to prepare for an impending earthquake.

Our short-term earthquake risk detection models have been developed to detect high-risk time-windows before major earthquakes occur in Iceland. The technology has been successfully tested, and alerts were sent to the Icelandic Meteorological Office (IMO) before some of the recent major earthquakes, including Oct 20 2020, Feb 24 2021 M5.7 and July 31 2022 M5.4.

Iceland is known for its active volcanoes and geothermal activity, which also makes it a seismically active country. Both southern and northern Iceland are affected by earthquakes, although the frequency and magnitude of earthquakes vary between the two regions.

ShakeAlert is an earthquake early warning system developed by the United States Geological Survey (USGS) that uses a network of seismographs to detect the initial seismic waves of an earthquake and provide advance warning to people before the more damaging secondary waves arrive. The system is still in development, and is not yet widely available to the public.

Short-term earthquake forecasting for CEOs in the insurance industry typically involves using data and models to predict the likelihood of earthquakes occurring within a specific timeframe, such as the next 24 hours or week. This information can be used to help insurers make decisions about underwriting policies and pricing, as well as to plan for potential claims and losses.