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  • Aon Joins the Global Earthquake Model Foundation as Governor Sponsor to Advance Collaborative Risk Analysis - GEM Foundation

    News Aon Joins the Global Earthquake Model Foundation as Governor Sponsor to Advance Collaborative Risk Analysis By: ​ ​ Dec 6, 2022 ​ Share Facebook X (Twitter) LinkedIn ​ LONDON, 8 December 2022 - Aon plc (NYSE: AON), a leading global professional services firm, today announced that it has joined the Global Earthquake Model (GEM) Foundation – a non-profit public-private partnership that develops and distributes models and data for a transparent assessment of earthquake risk worldwide - as Governor Sponsor. Comprising public, private, academic and non-government organizations, GEM delivers state-of-the-art earthquake risk reduction solutions through relevant data, tools and information as well as hazard and risk assessments that are designed to improve understanding of earthquake hazard and risk globally. Economic losses from catastrophic events are projected to increase exponentially by 2030 due to the increasing global population, rapid urbanisation and extreme weather events. Earthquakes, which made up only 8 percent of all disasters in the past 20 years, are the deadliest of all sudden disaster events. The peril constitutes one of the top causes of economic disruption and of disaster deaths, due to building collapse. In its new role as Governor Sponsor, Aon and its Impact Forecasting catastrophe model development team will lead the firm’s collaboration with GEM scientific teams in developing advanced tools to analyze the financial impacts of earthquakes for effective reinsurance, underwriting and exposure management strategies. Furthermore, Aon will work with GEM to bring together a range of collaborations to enhance earthquake risk understanding globally, further drive the usage and adoption of earthquake models and expand the domain of potential scientific collaborators to assist and inform model development. The collaboration will assist Aon’s clients and the wider re/insurance industry and stakeholders to make better risk decisions while navigating volatility and building operational resilience. In addition , GEM’s own earthquake modelling platform, the OpenQuake Engine , provides an opportunity for the development of standardized approaches in seismic hazard analyses, and to share the same technology within the rapidly growing society of users from across the re/insurance industry. John Schneider, GEM secretary general, said: “We welcome Aon to the GEM Governing Board as a voting member. GEM and Aon, through its Impact Forecasting team, have been collaborating for several years now on the development of earthquake loss models, and Aon’s new three-year sponsorship of GEM will allow us to work together across a broader range of topics and to share high-quality open risk information for improving risk reduction strategies worldwide.” Adam Podlaha, head of Impact Forecasting at Aon, said: “We are excited to continue our close collaboration in developing new Impact Forecasting earthquake models, as well as enabling users to access GEM-developed models in our ELEMENTS platform. Our recently released Canada Earthquake model shows the collaborative power of our community – combining the sixth-generation seismic hazard model for Canada implemented by Natural Resources Canada natively in GEM’s OpenQuake platform, with Impact Forecasting enhancements for secondary perils, including liquefaction landslides, tsunami and fire.” GEM’s collaborative efforts have been an important contributor to Impact Forecasting’s own earthquake model development, helping the firm to assist clients in their understanding and analysis of the peril and navigate associated volatility. The GEM collaboration has helped the team improve its model development processes, strengthening the local and global credibility of Impact Forecasting models and increasing the domain of potential scientific collaborators for client-based projects. For more information about Aon’s Impact Forecasting models, visit https://www.aon.com/reinsurance/impact-forecasting/default . ----- About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. Follow Aon on Twitter and LinkedIn . Visit the Aon Newsroom and sign up for News Alerts . ----- About GEM GEM was formed in 2009 as a non-profit foundation in Pavia, Italy, funded through a public-private sponsorship with the vision to create a world that is resilient to earthquakes. GEM is funded by public and private institutions globally, and is advised by many international organizations ( https://www.globalquakemodel.org/partners ). GEM is also recognized by the UN as an NGO, operating under UN guidelines for a humanitarian organization. GEM’s mission is to become one of the world’s most complete sources of risk resources and a globally accepted standard for earthquake risk assessment. Further, GEM aims to ensure that its products are applied broadly in disaster risk management/reduction and its services are available and accessible to public, private and academic institutions worldwide. ----- Media Contact Andrew Wragg +44 07595 217168 andrew.wragg@aon.com Aon UK Limited is authorised and regulated by the Financial Conduct Authority for the provision of regulated products and services in the UK. Aon GEM Governor Sponsor - media advisory final 071222 .pdf Download PDF • 75KB No images found. GALLERY 1/0 Gallery VIDEO RELATED CONTENTS

  • Philippine Hazard | Global EarthQuake Model Foundation

    Project Name Products Philippine Hazard OpenQuake engine input model to perform hazard calculations for the Philippines Share Facebook X (Twitter) LinkedIn Description The initial version (v2018.0.0) of the seismic hazard model for the Philippines was developed jointly by the Philippine Institute of Volcanology and Seismology (PHIVOLCS) and the Global Earthquake Model (GEM) in the OpenQuake engine format. Since the original version, several updates were made to the model by the GEM hazard team, leading to the latest release (v2018.2.0), which was used in the computation of the 2023 Global Earthquake Hazard and Risk Maps. Among other important improvements, this model extends the minimum magnitude of events for crustal distributed seismicity and updates the GMPEs used for more recent ones. How to cite this work Peñarubia, H.C., Johnson, K.L., Styron, R.H., Bacolcol, T.C., Sevilla, W.I.G., Perez, J.S., Bonita, J.D., Narag, I.C., Solidum Jr, R.U., Pagani, M.M. and Allen, T.I., 2020. Probabilistic seismic hazard analysis model for the Philippines. Earthquake Spectra, p.8755293019900521 Available Versions The latest version (v2018.2.0) is available for direct download under a CC BY-NC-SA 4.0 license. Users interested in this version can click the "Open Version Download" button in the right panel to access the information. If your use case does not comply with the license terms, a license can be requested by clicking on the "License Request", where a specific agreement will be provided, depending on the use case. License information The open version is available under a Creative Commons CC BY-NC-SA 4.0 license, which requires: *Attribution (you must give appropriate credit, provide a link to the license, and indicate if changes were made) *Non-commercial (you may not use the material for commercial purposes) *ShareAlike (derivatives created must be made available under the same license as the original) Any deviation from these terms incur in license infringement. For commercial use of the model, a specific license agreement must be made tailored to your use case, in such instance please click on "License Request". Share License CC BY-NC-SA 4.0 Available resources Open Version Download Documentation License Request Facebook X (Twitter) LinkedIn text Map View Search Popup title Close Country/Region Available Resources Country/Region Available Resources Country/Region Resource Url Search Found Country/Region Resource Url Preview Preview is not available. Search Found Country/Region Resource Url Preview Preview is not available. Search Found Country/Region Resource Url Preview Preview is not available. Related products Related publications Probabilistic seismic hazard analysis model for the Philippines Read More For downloading or accessing detailed product information like PNG/PDF maps, datasets, license request, shapefiles and more, please switch to a desktop or laptop computer. Thank you for your understanding.

  • USAID-GEM project aims to build capacity for urban earthquake risk assessment in Latin America and the Caribbean region - GEM Foundation

    News USAID-GEM project aims to build capacity for urban earthquake risk assessment in Latin America and the Caribbean region By: ​ ​ Dec 18, 2019 ​ Share Facebook X (Twitter) LinkedIn TREQ project locations USAID through OFDA recently signed an agreement with GEM in the implementation of Training and Communication for Earthquake Risk Assessment or TREQ project. TREQ is designed to demonstrate how earthquake hazard and risk assessment can inform decision makers in the development of risk reduction policies, as well as how earthquake risk can be properly communicated to stakeholders and the public in general. The project will run from 2019-2021 in the Latin America and the Caribbean (LAC) region covering the following locations: Quito (Ecuador), Cali (Colombia), and Santiago de los Caballeros (Dominican Republic) for earthquake hazard and risk assessment in urban centres. For the training, educational and communication component, activities will involve the general public and academics in Latin America and The Caribbean, Asia and Africa. The project targets a wide spectrum of stakeholders, categorized into four main groups: decision-makers and public authorities, practitioners and engineers; researchers and academia; and the general public. TREQ will be formally launched in Quito, Ecuador in early 2020. Sign up to receive future updates on the project activities . No images found. GALLERY dsc04086jpg dsc04084jpg dsc04057jpg dsc04086jpg 1/17 Gallery VIDEO RELATED CONTENTS

  • strengthening open catastrophe modelling

    GEM Impact Story Series The beauty of mathematics: the start of my journey to catastrophe modelling From my early years I was always interested in mathematics and problem solving. So in high school, my parents signed me up for a mathematics programme. I quickly realised some of my classmates were quite ahead of me. Luckily, this did not discourage or scare me, I was improving my skills quickly and dove deeper into the beauty of mathematics. Love for computer programming, teaching and interest in Physics of the Earth At that time, I fell in love with writing computer programs that illustrated complicated phenomena or calculated a result that would take a long time to solve on paper. Though I could imagine applying my knowledge on other topics, I decided to study physics at the university. Later my attention was caught by physics of the Earth and eventually I did my thesis about numerical modelling of seismic wave propagation. I also loved teaching and explaining the principles and phenomena to students, also via programming. Using knowledge to solve more practical real-life problems Despite my success in academia, what I realised after finishing my PhD was that the hundred pages on accuracy of numerical methods for simulating seismic wave propagation was useful to only a few people. It was one of the main reasons why I decided to move away from the university, despite it also meant stopping teaching. I wanted to apply my knowledge to solve more practical real-life problems. Luckily, I could stay in the main field of my education and took a catastrophe modelling role in the insurance industry at Aon related to earthquake hazard and risk assessment. After 8 years of focusing on producing and explaining outputs of risk models, I even got to create my first earthquake risk model and felt that is the way I want to move forward. Impact of meeting the GEM community I was very thankful to my Aon colleagues for giving me the opportunity to switch from Catastrophe Management to Earthquake model development at Aon’s Impact Forecasting team. This switch allowed me to participate in one of the best training workshops I got when I started as an earthquake model developer: the GEM Hazard and Risk workshop in Pavia in 2018. The power of the OpenQuake community Besides learning a lot about the capabilities of OpenQuake, I also realised there is a big community using it and making it almost a common language for earthquake hazard and risk modellers. The big advantage of OpenQuake is that all the codes are open and well written. Functionality that is not available can be added quite easily on your own or with someone else’s help: that is the power of the community. OpenQuake and its impact to earthquake resilience in our society I also realised the importance of the impact the GEM / OpenQuake community has on improving earthquake resilience within our society, especially by raising awareness about earthquake risk and the need to build safer buildings. So besides Impact Forecasting and GEM becoming strong partners for building catastrophe models for insurance companies for them to prepare for financial consequences of an earthquake, I clearly understood the importance of community activities to help save human lives. Playing it forward Immediately after the workshop I decided to follow all GEM updates and also started following the OQ forum, where all users can seek help and get support from the community. As I gathered more knowledge and studied OpenQuake myself, I felt I could help those in need to achieve their goals with what I have already learned, especially from the technical point of view. The best way to learn is to teach and help others I am really happy I could help many colleagues in the community to resolve their issues, despite not being my direct work responsibility, but being regarded as part of my OpenQuake training. The well-known truth is, you learn best when helping, explaining or teaching someone else. Scientific collaboration and openness, keys to continued success of OpenQuake With the collaborative approach, drive and support of the community, I am sure OpenQuake will remain the core and the best tool for doing scientific research in the field of earthquake hazard and risk modelling. We can all influence what OpenQuake functionality will be included to help us get our work done more efficiently. Moreover, it’s a platform that can greatly contribute to more connected, open, and transparent catastrophe modelling. Strengthening open catastrophe modelling OpenQuake is bringing different cat model vendors together and is creating a bridge to discuss and compare different assumptions, approaches, data and their impact on modelling results. Understanding the impact of assumptions on modelled results is exactly what organisations, whether from governmental or financial sector, demand to make informed decisions. Collaboration and requiring the models to be more transparent really drives the evolution of cat models forward. For enabling all this, my big THANK YOU goes to the whole GEM team and especially to OpenQuake developers! About the GEM Impact Stories Earthquake risk remains abstract and highly technical, and there are significant risks that due to poor or limited understanding of it, policymakers and the public at large may not be able to fully take advantage of existing and future information that can either help create better or enhance existing earthquake risk reduction and management strategies, especially at the local and national level. Specifically, the GEM Impact Stories project aims to: Collect and document stories where GEM or its partners have contributed to positive change; Encourage policy and decision makers to use science- and evidence- based information to formulate earthquake DRR strategy at the national level through positive stories of change; and Increase awareness of the public at large on earthquake risk and preparedness. Acknowledgement Our heartfelt thanks goes to Peter Pazak for contributing his story and valuable time with us. Peter is this year’s recipient of the GEM Outstanding Contributor award. The award is given to individuals who have demonstrated exemplary contributions to GEM’s work. Peter is given this award for his dedicated participation in the OpenQuake user forum and contributions to significant improvements of the OpenQuake software. Congratulations Peter! Related Contents Strengthening Open Catastrophe Modelling Peter Pazak's story in PDF brochure format. Title: Strengthening Open Catastrophe Modelling Video: Peter Pazak's Story Duration: 2mins 28secs

  • South Africa Financial Loss Model | Global EarthQuake Model Foundation

    Project Name Products South Africa Financial Loss Model Country model to assess potential financial losses to commercial, industrial and residential buildings due to earthquakes Share Facebook X (Twitter) LinkedIn 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. How to cite this work N.A. 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. Share License Custom license Available resources NASDAQ Access Verisk Access Documentation License Request Facebook X (Twitter) LinkedIn text Map View Search Popup title Close Country/Region Available Resources Country/Region Available Resources Country/Region Resource Url Search Found Country/Region Resource Url Preview Preview is not available. Search Found Country/Region Resource Url Preview Preview is not available. Search Found Country/Region Resource Url Preview Preview is not available. Related products Related publications For downloading or accessing detailed product information like PNG/PDF maps, datasets, license request, shapefiles and more, please switch to a desktop or laptop computer. Thank you for your understanding.

  • Vitor Silva receives EGU Award - GEM Foundation

    News Vitor Silva receives EGU Award By: ​ ​ Oct 29, 2019 ​ Share Facebook X (Twitter) LinkedIn Vitor Silva, Risk Team Coordinator, 2020 NH Outstanding Early Career Scientist Award Congratulations Vitor Silva for receiving the Natural Hazards Outstanding Early Career Scientist Award of the European Geosciences Union - EGU! The GEM family is proud of your achievement! (Watch this space for updates) No images found. GALLERY 1/0 ​ VIDEO RELATED CONTENTS

  • OpenQuake Engine (v.2020)

    Please fill in the form below to download or view the document. Thank you. OpenQuake Engine (v.2020) Product Additional Requests Sector I have read and agree to comply with the license terms of this product, and the conditions of products use. Reset fields Submit Download Thank you. Please click Download to get your item. Provide feedback to GEM on the use and impact of the product e.g. feedback survey. Share with GEM where the product was used i.e. research, publications or projects.

  • Field Missions Enhance Earthquake Risk Assessment - GEM Foundation - GEM Foundation

    News Field Missions Enhance Earthquake Risk Assessment - GEM Foundation By: ​ ​ Mar 27, 2024 Mar 14, 2024 Share Facebook X (Twitter) LinkedIn ​ March 14, 2024. In a webinar hosted by EEFIT and SECED in collaboration with the Global Earthquake Model (GEM) Foundation, GEM engineers shed light on the pivotal role of field missions in advancing earthquake risk assessment methodologies. The webinar titled 'Earthquake Loss Modelling for Disaster Risk Management: Linking Field Missions to Probabilistic Risk' featured Vitor Silva, Head of Risk Engineering, and Anirudh Rao, Senior Seismic Risk Modeller at GEM. Field missions emerged as a foundation for refining existing risk models and preparing for future seismic events. Vitor underscored the significance of field missions in updating exposure models, crucial components of earthquake risk assessment. He cited an instance following an earthquake in Turkey where field data uncovered that some modern buildings collapsed, challenging assumptions about adherence to seismic design standards. This revelation prompted revisions to the exposure model, highlighting the need to align models with real-world scenarios. Anirudh underscored the importance of field missions in calibrating vulnerability models by providing essential data on the damage sustained by different building classes. Collaborations such as GEM's partnership with Netanya after the Gorkha earthquake in Nepal allowed for the refinement of risk models through extensive damage data analysis, enhancing forecasting accuracy. Moreover, field missions contribute to improving ShakeMaps. Vitor illustrated this point with a case study from New Zealand, where incorporating macroseismic intensity data post-earthquake led to significantly improved loss calculations compared to scenarios without such data, underlining the critical role of field data in refining scenario hazard assessments. In conclusion, the webinar's Q&A session highlighted the indispensable nature of field missions in gathering data essential for enhancing earthquake risk assessment methodologies. By validating exposure models, calibrating vulnerability models, and refining scenario hazard maps, field missions pave the way for more accurate risk assessments, ultimately improving preparedness for future seismic events. With approximately 160 online participants, the webinar was a success and served as a forum for knowledge exchange and collaboration, furthering efforts towards global earthquake resilience. If you missed the webinar, watch the recording on YouTube: No images found. GALLERY 1/0 ​ VIDEO RELATED CONTENTS

  • Global Seismic Risk Map | Global EarthQuake Model Foundation

    Project Name Products Global Seismic Risk Map A milestone in global earthquake risk assessment Share Facebook X (Twitter) LinkedIn Description The Global Seismic Risk Map (v2023.1) poster comprises three global maps, and a ranking of the top 15 countries according to five risk metrics. The main map presents the geographic distribution of average annual loss (AAL) of the built-up area due to ground shaking in the residential, commercial and industrial building stock. It does not consider the effects of tsunamis, liquefaction, landslides, and fires following earthquakes. These results are an update of the global maps released in 2018, as described in Silva et al. (2020) and are based on the best available and publicly accessible datasets and models, which have been collected, curated and maintained in collaboration between local experts and GEM Foundation scientists. The underlying dataset used to create the main map can be requested as a shapefile for use in research and public-good applications without cost, or for a licensing fee in the case of commercial applications. In addition to the AAL of the built-up area depicted in the poster, the underlying dataset also includes estimates of average annual economic losses, number of buildings lost, population left homeless and fatalities. How to cite this work V. Silva, A. Calderon, M. Caruso, C. Costa, J. Dabbeek, M.C. Hoyos, Z. Karimzadeh, L. Martins, N. Paul, A. Rao, M. Simionato, C. Yepes-Estrada, H. Crowley, K. Jaiswal (2023). Global Earthquake Model (GEM) Seismic Risk Map (version 2023.1), https://doi.org/10.5281/zenodo.8409623 Available Versions A PDF poster, as well as a set of high-resolution PNGs with each of the risk metrics calculated globally, is available for direct download under a CC BY-SA license. If your use case does not meet the open license requirements, or if you are interested in obtaining the underlying dataset as a shapefile, please submit a request in our system by clicking on the "License Request", where a specific license will be provided, depending on the use case. Additionally, users interested in the previous version of the Global Map (v2018) can access the previous poster on this link . License information The open version is available under a Creative Commons CC BY-SA 4.0 license, which requires: *Attribution (you must give appropriate credit, provide a link to the license, and indicate if changes were made) *ShareAlike (derivatives created must be made available under the same license as the original) Any deviation from these terms incur in license infringement. For commercial use of the dataset, a specific license agreement must be made tailored to your use case, in such instance please click on "License Request". Share License CC BY-SA 4.0 Available resources Geoviewer PNG Poster Download Documentation License Request Acknowledgements Contributors Facebook X (Twitter) LinkedIn ​ Map View Search Popup title Close Country/Region Available Resources Country/Region Available Resources Country/Region Resource Url Search Found Country/Region Resource Url Preview Preview is not available. Search Found Country/Region Resource Url Preview Preview is not available. Search Found Country/Region Resource Url Preview Preview is not available. Related products OpenQuake Engine Global Vulnerability Model Global Exposure Model Country-Territory Seismic Risk Profiles Global Seismic Hazard Map Related publications For downloading or accessing detailed product information like PNG/PDF maps, datasets, license request, shapefiles and more, please switch to a desktop or laptop computer. Thank you for your understanding.

  • GEM releases a new earthquake loss model for China - GEM Foundation

    News GEM releases a new earthquake loss model for China By: ​ ​ Apr 21, 2022 ​ Share Facebook X (Twitter) LinkedIn ​ Pavia, Italy. 21 April 2022. Today GEM released its Earthquake Loss Model for China via Nasdaq Risk Modelling for Catastrophes and Verisk Touchstone platforms. The model is also available in its native OpenQuake format via GEM’s China Model product page . The China model has been developed by GEM using public sources of information, such as past seismicity, and geodetic and geologic data for the hazard component, combined with exposure and vulnerability data to create the risk model. The model’s hazard component incorporates both fault and area sources, while the risk component provides estimates of risk to residential, commercial and industrial buildings using GEM’s vulnerability models appropriate to Chinese construction practice. The model also includes exposure data that can be used to estimate total losses to the building stock in addition to portfolio losses. “GEM's China Earthquake Loss Model has met the highest insurance industry standards required for all catastrophe risk management processes. The model validation process involving GEM partners and catastrophe modelling experts from Hannover Re, Swiss Re, Guy Carpenter, Partner Re and the Institute of Catastrophe Risk Management - NTU Singapore is a testament to GEM’s open, transparent and collaborative approach to earthquake risk modelling.” - Jörg Steffensen , Hannover Re and GEM Governing Board Chair. “This has been a unique and productive experience for GEM. The fusion of public and private sectors’ interests reinforced GEM’s commitment to provide an alternative view of risk to the world. Informed by industry expertise and data, a diverse team worked together to fully assess risk and incorporate innovative model development processes which can serve as a blueprint for GEM’s future models.” - John Schneider , GEM Secretary General. Over the last centuries, China has been affected by several seismic events of high magnitude. The combination of high seismicity, exposure and population density led to costly events with a high number of fatalities. Between 1500 and 2004, China was the country that registered the largest number of earthquake fatalities. This new model will provide physical damage and financial loss metrics due to earthquake ground shaking hazard for scenario events and probabilistic risk assessment, both vital in addressing the insurance protection gap and disaster risk reduction management in China. Open and collaborative model testing and validation process - a trailblazing approach GEM sponsor representatives from Hannover Re (Jörg Steffensen), Swiss Re (Michael Ewald, Beat Aeberhardt), Guy Carpenter (Matthew Eagle), Partner Re (Paul Della Marta), and the Institute of Catastrophe Risk Management - NTU Singapore (Tso-Chien Pan), helped GEM in establishing a model testing and validation process using industry loss and exposure data where relevant, and evaluated the model against their own portfolios in order to better understand the model and provide advice to the GEM Foundation technical and scientific teams. Matthew Eagle , Head of Model Solutions & Advisory, Guy Carpenter said: “The new China Earthquake Loss Model represents an independent view of risk developed by the GEM Secretariat technical team, combined with broad industry review and validation through a panel of industry risk modelling experts from a number of leading insurance sector companies. Guy Carpenter was delighted to be involved in this initiative to support bringing additional views of risk to the market with added flexibility on the modelling platform deployment.” Beat Aeberhardt , Head Cat Perils Research and Development, Swiss Re Institute said: “GEM's China Earthquake Loss Model sets a new standard by combining GEM's subject matter expertise and innovative modelling approach with the open-source loss modelling framework OASIS. This joint development has facilitated rigorous co-validation by a panel of risk modelling experts from various insurance industry segments. We have been delighted to be part of this journey along with natural catastrophe experts from Hannover Re, Partner Re, Guy Carpenter and the Institute of Catastrophe Risk Management - NTU Singapore. Now we are excited about the model's commercial launch via Nasdaq Risk Modelling in the Oasis modelling framework and the VERISK Touchstone platform. It is amazing to see how GEM's cutting-edge subject matter expertise finds a way to risk model practitioners via an open-source channel. This model offers a novel level of transparency, commercial independence, and true choice for the re/insurance industry. We are looking forward to the next steps into a new area of insurance natural catastrophe risk assessment, with an ever-stronger community joining forces to master hard-to-model earthquake risk in this open book spirit enabled by GEM and Oasis LMF.” ----- About GEM’s Products and Services As part of GEM’s products and services strategy, GEM is offering value-added products for a fee such as the new China Model. These value-added products will also be available for free for public-good, non-commercial applications. In turn, the revenue generated from product or services fees will be reinvested to maintain GEM’s core capabilities, with an emphasis on providing support to developing countries. —-- END —-- Contacts: Nasdaq Risk Modelling for Catastrophes Platform https://www.nasdaq.com/solutions/global-earthquake-model-gem Verisk Touchstone Platform https://www.air-worldwide.com/contact/purchasing-and-licensing/ GEM Foundation product@globalquakemodel.org No images found. GALLERY 1/4 Gallery VIDEO RELATED CONTENTS

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