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Virtual portfolios for earthquake insurance related risk simulations
Seismic Risk, a combination of Hazard, Vulnerability and Loss, is becoming a mainstream topic due to an increase in the losses and damage caused by earthquake related effects worldwide. Therefore, it has become an important aspect for insurer and reinsurers since it is extremely difficult to assess due to the lack of the necessary data compared, for example, to car insurance (chapter 1). As described in chapter 2, where the state of the art of seismic risk assessment and simulation is described alongside a more ...