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Project Name

South Africa Financial Loss Model

Country model to assess potential financial losses to commercial, industrial and residential buildings due to earthquakes

Description

GEM's South Africa earthquake risk model was generated using the hazard model for South Africa developed by the South Africa Council for Geoscience as the national hazard model, and for input to South Africa building design regulations.

 

The vulnerability and exposure models and data were developed by GEM and cover the residential, commercial and industrial building stock.

 

The risk model may be used to assess potential financial losses to commercial, industrial and residential buildings due to earthquake ground shaking. Further technical information can be found in the documentation.

 

GEM extensively collaborated with its private and public partners to test and validate the model against industry standards in order to produce a new model that represents GEM’s view of risk. The model is available in Oasis and Touchstone formats, as well as through the NASDAQ platform.

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Available Versions

The latest version (v2021) created by GEM can be requested by clicking on the "License Request", where a specific license will be provided, depending on the use case. The model is also available through NASDAQ and Verisk by clicking on the links in the right panel.

License information

Currently, the model is only available under a restricted license that has to be tailored for each specific use case.

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Available resources

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