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Industrial Facilities

Earthquake and Tropical Cyclone Vulnerability Modeling

Global economic growth and the broadening role of multinationals have created a class of high-value industrial facilities worth an estimated $5 trillion worldwide, the majority of which is insured. The RMS® Industrial Facilities Model incorporates the unique physical and operational characteristics of these facilities in estimating vulnerability to earthquakes and hurricanes.

Model Highlights

Component-based vulnerability functions for 26 distinct types of industrial occupancies including pharmaceutical plants, mining operations, power transmission and distribution, semiconductor plants, and petrochemical refineries

Choice of construction classes dependent on the predominant structure types in each country

Separate vulnerability functions for structure and contents (machinery, equipment, and stock) for each facility type and construction class

Region-specific vulnerabilities to account for differing construction practices and code requirements

Calibration and validation based on event reconnaissance, site-specific risk evaluations, and industrial facilities claims data

Geographic Scope

Earthquake: Australia, Austria, Belgium Canada, the Caribbean, Chile, China, Colombia, France, Germany, Greece, Guam, Indonesia, Ireland, Italy, Japan, Luxembourg, Liechtenstein, Mexico, Monaco, the Netherlands, New Zealand, Portugal, Switzerland, Taiwan, Turkey, the U.S., and the U.K.

Tropical Cyclone: Australia, the Caribbean, Guam, Japan, and the U.S.

Windstorm: Austria, Belgium, Denmark, France, Germany, Ireland, Luxembourg, Netherlands, Norway, Sweden, Switzerland, and the U.K.

Exposure Data Resolution

Based on industry convention in the territory of interest, as reflected in RMS earthquake and tropical cyclone models

 

Related Information

Industrial Facilities Brochure

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