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X-WR-CALNAME:CEE 298 SEM Seminar Series: "Turkey Earthquakes: Lessons Learn
 ed in Next Generation Catastrophe Modeling"\, Renee Lee\, Moody's RMS
X-WR-TIMEZONE:Pacific Time (US & Canada)
BEGIN:VEVENT
DTSTAMP:20260722T142836Z
UID:tag:localist.com\,2008:EventInstance_45614762748137
DTSTART:20240215T003000Z
DTEND:20240215T015000Z
DESCRIPTION:Natural Catastrophe models are used by re/insurance companies a
 nd their brokers\, regulatory bodies\, and financial institutions for a wi
 de range of use cases.  Applications include pricing risk\, managing portf
 olio risk\, standardizing stress tests for solvency purposes\, placing rei
 nsurance\, designing parametric insurance solutions\, quantifying exposure
  to risk during construction\, and more.  \n\nMoody’s RMS (MRMS) catastr
 ophe models are updated regularly\, typically following the release of a n
 ew national seismic hazard map. In other cases\, they are updated followin
 g a major event where new data and lessons learned can be incorporated.   
 After the 2010-2011 Canterbury Sequence of events in New Zealand\, we leve
 raged a nationwide borehole database\, a large array of groundwater monito
 ring stations\, and extensive field observation to develop new methodologi
 es for high-resolution liquefaction modeling.  After the 2011 Tohoku Earth
 quake in Japan\, we used observed inundation and damage data to develop an
 d validate a new probabilistic tsunami model for the country.  With the la
 test research in earthquake building performance\, we have also introduced
  new vulnerability curves for unique industrial facilities and tall buildi
 ngs.\n\nOn February 6\, 2023\, Turkey experienced two major earthquakes wi
 thin the span of a day. The M7.8 and M7.5 sequence of events caused widesp
 read and catastrophic damage across Turkey and northern Syria with nearly 
 200k buildings across 11 provinces completely destroyed or severely damage
 d.  The events were analyzed using the Moody’s RMS Turkey Earthquake mod
 el\, highlighting the importance of earthquake clustering\, basin effects\
 , and progressive damage among other geophysical and structural characteri
 stics.  Some of those lessons learned and how we plan on introducing these
  lessons into our future earthquake modeling efforts will be discussed in 
 this seminar. \n\nBio\n\nRenee began at Moody’s RMS (MRMS) in 2013\, res
 ponsible for the Asia-Pacific suite of earthquake catastrophe models.  Her
  first project was focused on bringing new global tsunami solutions to the
  global re/insurance markets.  That work tied into the post-2011 Tohoku up
 date of the MRMS Japan Earthquake and Tsunami Model.  In 2015\, she transi
 tioned to leading the Global Earthquake Product Management team\, responsi
 ble for products representing half the core model business at MRMS at the 
 time.  Since then\, she has led the product release of more than fifteen r
 egional and countrywide earthquake models which have been widely adopted a
 nd often regarded as the primary view of earthquake risk in the global re/
 insurance market. \n\nPrior to RMS\, Renee was an earthquake risk consulta
 nt at Arup in the Advanced Technology and Research group for six years. Wh
 ile at Arup\, she advised Fortune 500 companies on facultative reinsurance
  transactions and conducted PML and builder’s risk assessments for lende
 rs’ technical advisors\, corporate risk managers\, and brokers.  Renee i
 s a licensed professional engineer in the state of California and holds a 
 BS in engineering from Caltech and a PhD in civil engineering from Stanfor
 d University.
GEO:37.42816;-122.175935
LOCATION:Y2E2 Building\, 111
SUMMARY:CEE 298 SEM Seminar Series: "Turkey Earthquakes: Lessons Learned in
  Next Generation Catastrophe Modeling"\, Renee Lee\, Moody's RMS
URL;VALUE=URI:https://events.stanford.edu/event/cee_298_sem_seminar_series_
 turkey_earthquakes_lessons_learned_in_next_generation_catastrophe_modeling
 _renee_lee_rms
CATEGORIES:Class/Seminar
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