The 15th European Conference on Earthquake Engineering will take place in Istanbul, Turkey, on August 24 - 29, 2014. This very important event is held every four years and brings together the most renowned experts on seismology, vulnerability, risk and structural and geotechnical engineering. The most recent advances in the field of hazard and risk assessment, loss estimation and seismic design will also be presented and discussed.
During this event the results of Guy Carpenter’s latest research activities in the field of seismic risk will be presented and summarized in two papers co-authored by Dr. Domenico Pennucci, an Assistant Vice President in Guy Carpenter’s Milan office. They are titled: “A Comparison of Italian Seismicity Rates Based on Smoothed and Area Source Modeling Methodologies” and “Harmonization of Vulnerability Curves for Masonry Buildings”. These two research pieces were developed in collaboration with the University Institute of Advanced Studies of Pavia (IUSS Pavia), a world renowned center of excellence in earthquake engineering. The papers deal with two of the most important ingredients of catastrophe risk analysis: the hazard and the vulnerability components.
The research presented at the conference is part of Guy Carpenter’s Model Suitability Analysis (MSA)® initiative, which assists companies in development of their own view of catastrophe risk. The MSA framework includes a series of rigorous and scientifically-sound tests performed on the modeling assumptions of catastrophe risk software, allowing for a deeper understanding and a better awareness of the scope, limitations and possible enhancements of traditional catastrophe risk analyses. Guy Carpenter’s presence and contribution to the 15th European Conference on Earthquake Engineering are part of Guy Carpenter’s commitment to applied research that can make a difference in companies’ day-to-day catastrophe operations.