Probabilistic assessment of earthquake insurance rates for Turkey

Date

2005-06-01

Author

Yücemen, Mehmet Semih

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A probabilistic model is presented to obtain a realistic estimate of earthquake insurance rates for reinforced concrete buildings in Turkey. The model integrates information on seismic hazard and information on expected earthquake damage on engineering facilities in a systematic way, yielding to estimates of earthquake insurance premiums. In order to demonstrate the application of the proposed probabilistic method, earthquake insurance rates are computed for reinforced concrete buildings constructed in five cities located in different seismic zones of Turkey. The resulting rates are compared with the rates currently charged by the insurance companies. The earthquake insurance rates are observed to be sensitive to the assumptions on seismic hazard and damage probability matrices and to increase significantly with increasing violation of the code requirements.

Subject Keywords

Earth and Planetary Sciences (miscellaneous), Atmospheric Science, Water Science and Technology

URI

https://hdl.handle.net/11511/49107

Journal

NATURAL HAZARDS

DOI

https://doi.org/10.1007/s11069-004-6485-8

Collections

Department of Civil Engineering, Article

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Citation Formats

M. S. Yücemen, “Probabilistic assessment of earthquake insurance rates for Turkey,” NATURAL HAZARDS, pp. 291–313, 2005, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/49107.