The Colombia model is based from the SARA project (2015) and will be released as a commercial model under Nasdaq and Touchstone platforms soon.
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. This model has been further improved with local information, such as local construction practices, replacement costs and level of enforcement of the seismic regulations .
Restrictions will be based on the specific procurement agreement.
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.