Insurance Business Magazine article.
The Earthquake Commission (EQC) has bolstered its modelling capabilities with the adoption of the RiskScape modelling tool to model damage and losses from earthquakes.
RiskScape, which was jointly developed by GNS Science and NIWA with significant contributions from EQC, will enable EQC to continuously bring its expansive research and insurance data into its risk modelling. This will allow it to create an increasingly comprehensive picture following an event, as well as improve EQC’s ability to model and plan for future disasters.