Abstract
This paper presents the construction classification of the existing engineering covers in Taiwan. The exposure profile and variable vulnerability during different construction phases are established for some kinds of classes of construction. Finally, we present a method and framework to estimate the probable maximum loss of engineering insurance portfolio during an earthquake with consideration of the dynamic nature of structural changes and exposure values during a construction project.
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Acknowledgments
The authors would like to thank the SINOTECH Engineering Consultants. INC and National Science Council of the Republic of China, Taiwan, for their financial support of this research under Contract Nos. 100-2221-E-022-013-MY2 and 100-2628-E-022-002-MY2.
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Hsu, WK., Chiang, WL., Xue, Q. et al. A probabilistic approach for earthquake risk assessment based on an engineering insurance portfolio. Nat Hazards 65, 1559–1571 (2013). https://doi.org/10.1007/s11069-012-0425-9
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DOI: https://doi.org/10.1007/s11069-012-0425-9