Reduction of Uncertainty in Post-Event Seismic Loss Estimates Using Observation Data and Bayesian Updating
The insurance industry relies on both commercial and in-house software packages to quantify financial risk to natural hazards. For earthquakes, the initial loss estimates from the industry’s catastrophe risk (CAT) models are based on the probabilistic damage a building would sustain due to a catalog...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
2017
|
| Subjects: | |
| Online Access: | https://doi.org/10.7916/D8QR58F5 |