Chapter 4 - Empirical Fragility and Vulnerability Assessment: Not Just a Regression

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Abstract

Empirical approaches to asset fragility and vulnerability are extensively used in the insurance industry, where they are commonly reputed the “gold standard” and to have high credibility because they are developed from past event data. However, the reliability of published empirical vulnerability and fragility functions is seen to vary greatly depending on the quality and quantity of the empirical data used and how the data is treated. This chapter presents an overview of some significant observations made by the Authors while working on earthquake and tsunami empirical fragility and vulnerability functions over the last 10 years. Common biases in event damage and loss data sets are presented, the consequences of ignoring the biases are discussed, and possible ways of dealing with them are suggested. The impact of different statistical model fitting approaches is described and illustrated with examples drawn from empirical earthquake and tsunami fragility and vulnerability studies. Throughout, areas for further research are highlighted, and it is observed that some sources of uncertainty remain largely unexplored.

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