Building a risk-targeted regional seismic hazard model for South-East Asia

Abstract:

The last decade has tragically shown the social and economic vulnerability of countries in South-East Asia to earthquake hazard and risk. While many disaster mitigation programs and initiatives to improve societal earthquake resilience are under way with the focus on saving lives and livelihoods, the risk management sector is challenged to develop appropriate models to cope with the economic consequences and impact on the insurance business.

We present the source model and ground motions model components suitable for a South-East Asia earthquake risk model covering Indonesia, Malaysia, the Philippines and Indochine countries. The source model builds upon refined modelling approaches to characterize 1) seismic activity from geologic and geodetic data on crustal faults and 2) along the interface of subduction zones and within the slabs and 3) earthquakes not occurring on mapped fault structures. We elaborate on building a self-consistent rate model for the hazardous crustal fault systems (e.g. Sumatra fault zone, Philippine fault zone) as well as the subduction zones, showcase some characteristics and sensitivities due to existing uncertainties in the rate and hazard space using a well selected suite of ground motion prediction equations.

Finally, we analyze the source model by quantifying the contribution by source type (e.g., subduction zone, crustal fault) to typical risk metrics (e.g.,return period losses, average annual loss) and reviewing their relative impact on various lines of businesses.