Shaking, trembling or displacement of the earth surface due to seismic waves or other phenomena of volcanic or tectonic origin.source: CRED
4 Dec 2013, SCMP
'It’s not easy to encourage insurance companies to write catastrophe insurance, as a single disaster such as an earthquake could cost a huge amount of claims that might cause liquidity problems for an insurer, so the risk is too high,' said Zhu Minglai, an insurance and risk management professor at Nankai University in Tianjin...
People exposed per year
|5||Taiwan, prov. of China||6,625,479|
Source of data: 2009 Global Assessment Report
|Source of data: OFDA/CRED International Disaster Database|
External Online Resources on Earthquake