The GEM Colombia model is based upon GEM’s regional model for South America first developed from 2013 to 2015 within the South America Risk Assessment (SARA) project funded by the Swiss Re Foundation. It is available as a commercial model under Nasdaq and Touchstone platforms.
The GEM Colombia model is based upon GEM’s regional model for South America first developed from 2013 to 2015 within the South America Risk Assessment (SARA) project funded by the Swiss Re Foundation and updated in 2018. The development process involved dozens of local scientists and engineers from earthquake-prone countries in South America, resulting in an open product for analyzing ground-up loss from ground shaking for residential, commercial, and industrial buildings.
Open By Attribution, Share-Alike and Commercial use provided the by-products are shared under the same conditions as the original license
The Colombia earthquake loss model (2021) is based from the latest South America hazard and risk model (v. 2020). The model was first developed within GEM’s South America Risk Assessment (SARA) regional project funded by the Swiss Re Foundation from 2013 to 2015.
This model calculates losses due to ground shaking and contains a financial module for insurance loss calculations and uses insurance industry standards for defining exposure and vulnerability.
The Colombia earthquake loss model (2021) is available commercially through the Nasdaq Risk Modeling Service (Oasis format) and on the AIR Touchstone platform.
As a non-profit organization, the revenue that will be generated from product fees will be reinvested to maintain GEM’s core capabilities and scientific programs, with an emphasis on providing support to developing countries.
Restrictions will be based on the specific procurement agreement. Currently, the Oasis and Touchstone models are only available through 3rd parties.
GEM License Types
AGPL – GNU Affero General Public License, used mostly for software
CC BY – Creative Commons, By-Attribution
CC BY-SA – Creative Commons, By-Attribution, Share-Alike
CC BY-NC-SA – Creative Commons, By Attribution, Non-Commercial, Share-Alike
NDA – Non-Disclosure Agreement (By request for public-good, non-commercial use.)
Other/Commercial – If a product is not available under a license that suits your needs, such as for commercial application, please contact us to discuss your use case and other partnership/licensing options and fees.
More details on GEM’s licensing terms here.