Articles | Volume 24, issue 8
https://doi.org/10.5194/nhess-24-2707-2024
https://doi.org/10.5194/nhess-24-2707-2024
Research article
 | 
13 Aug 2024
Research article |  | 13 Aug 2024

Earthquake insurance in Iran: solvency of local insurers in light of current market practices

Mohsen Ghafory-Ashtiany and Hooman Motamed

Related subject area

Risk Assessment, Mitigation and Adaptation Strategies, Socioeconomic and Management Aspects
Micro-business participation in collective flood adaptation: lessons from scenario-based analysis in Ho Chi Minh City, Vietnam
Javier Revilla Diez, Roxana Leitold, Van Tran, and Matthias Garschagen
Nat. Hazards Earth Syst. Sci., 24, 2425–2440, https://doi.org/10.5194/nhess-24-2425-2024,https://doi.org/10.5194/nhess-24-2425-2024, 2024
Short summary
Brief communication: Storm Daniel flood impact in Greece in 2023: mapping crop and livestock exposure from synthetic-aperture radar (SAR)
Kang He, Qing Yang, Xinyi Shen, Elias Dimitriou, Angeliki Mentzafou, Christina Papadaki, Maria Stoumboudi, and Emmanouil N. Anagnostou
Nat. Hazards Earth Syst. Sci., 24, 2375–2382, https://doi.org/10.5194/nhess-24-2375-2024,https://doi.org/10.5194/nhess-24-2375-2024, 2024
Short summary
Risk reduction through managed retreat? Investigating enabling conditions and assessing resettlement effects on community resilience in Metro Manila
Hannes Lauer, Carmeli Marie C. Chaves, Evelyn Lorenzo, Sonia Islam, and Jörn Birkmann
Nat. Hazards Earth Syst. Sci., 24, 2243–2261, https://doi.org/10.5194/nhess-24-2243-2024,https://doi.org/10.5194/nhess-24-2243-2024, 2024
Short summary
Brief communication: Lessons learned and experiences gained from building up a global survey on societal resilience to changing droughts
Marina Batalini de Macedo, Marcos Roberto Benso, Karina Simone Sass, Eduardo Mario Mendiondo, Greicelene Jesus da Silva, Pedro Gustavo Câmara da Silva, Elisabeth Shrimpton, Tanaya Sarmah, Da Huo, Michael Jacobson, Abdullah Konak, Nazmiye Balta-Ozkan, and Adelaide Cassia Nardocci
Nat. Hazards Earth Syst. Sci., 24, 2165–2173, https://doi.org/10.5194/nhess-24-2165-2024,https://doi.org/10.5194/nhess-24-2165-2024, 2024
Short summary
Regional seismic risk assessment based on ground conditions in Uzbekistan
Vakhitkhan Alikhanovich Ismailov, Sharofiddin Ismatullayevich Yodgorov, Akhror Sabriddinovich Khusomiddinov, Eldor Makhmadiyorovich Yadigarov, Bekzod Uktamovich Aktamov, and Shuhrat Bakhtiyorovich Avazov
Nat. Hazards Earth Syst. Sci., 24, 2133–2146, https://doi.org/10.5194/nhess-24-2133-2024,https://doi.org/10.5194/nhess-24-2133-2024, 2024
Short summary

Cited articles

Akkar, S. and Cagnan, Z.: A local ground-motion predictive model for Turkey, and its comparison with other regional and global ground-motion models, B. Seismol. Soc. Am., 100, 2978–2995, 2010. 
Akkar, S., Sandıkkaya, M. A., and Bommer, J. J.: Empirical ground-motion models for point-and extended-source crustal earthquake scenarios in Europe and the Middle East, B. Seismol. Soc. Am., 12, 359–387, 2014. 
Allen, T. I. and Wald, D. J.: On the use of high-resolution topographic data as a proxy for seismic site conditions (VS30), B. Seismol. Soc. Am., 99, 935–943, 2009. 
Anderson, T. J.: Innovative financial instruments for natural disaster risk management, Inter-American Development Bank, New York, https://doi.org/10.18235/0005685, 2002. 
Atkinson, G. M. and Boore, D. M.: Empirical ground-motion relations for subduction-zone earthquakes and their application to Cascadia and other regions, B. Seismol. Soc. Am., 93, 1703–1729, 2003. 
Download
Short summary
Iranian insurers have been offering earthquake coverage since the 1990s. However, despite international best practices, they still do not use modern methods for risk pricing and management. As such, they seem to be accumulating seismic risk over time. This paper examines the viability of this market in Iran by comparing the local market practices with international best practices in earthquake risk pricing (catastrophe modeling) and insurance risk management (European Solvency II regime).
Altmetrics
Final-revised paper
Preprint