SeismiCat’s Portfolio Risk Assessment System (SeismiCat-PR) is a state-of-the-art tool that takes advantage of cloud-computing technology for performing real-estate portfolio seismic risk assessments. SeismiCat-PR benefits from decades of in-house expertise of ImageCat’s experts in probabilistic seismic risk modeling. ImageCat uses SeismiCat-PR to provide portfolio risk assessment services to small and large real-estate property owners/managers, (re)insurance clients, lenders, risk managers and clients of Structural Engineering firms partnering with ImageCat. SeismiCat-PR uses the “Robust Simulation” technology with rigorous uncertainty treatment and offers a comprehensive view of earthquake risks in the U.S. to our clients.
SeismCat-PR’s comprehensive stochastic earthquake catalog, “event set”, includes millions of earthquake simulations and can accurately reproduce the USGS Seismic Hazard Maps (2008, 2014 and 2018 updates).
SeismiCat-PR implements multiple fragility/vulnerability models, including Code Oriented Damage Assessment (CODA) [Graf & Lee, 2009, Earthquake Spectra], HAZUS [FEMA/NIBS] and the ATC-13 Building Facility Classes.
SeismiCat-PR provides comprehensive diagnostic capabilities on portfolio risks, identifying risk drivers and helping clients manage catastrophic losses effectively.
SeismiCat-PR’s “Robust Simulation” technology allows for a comprehensive exploration of the full range of epistemic uncertainties arising from the use of multiple scientifically defensible models in seismic hazard and property damageability modeling.
If you would like to hear more about how SeismiCat-PR can be used to study your portfolio risks, please contact us! We would be happy to discuss the process and timeline.