Developing a global earthquake risk model

The understanding of earthquake risk is the first step towards the development and implementation of disaster risk reduction measures. However, in many countries, especially the countries of the developing world, earthquake risk models either do not exist or are publicly inaccessible. The Global Earthquake Model (GEM) Foundation and its partners have been supporting regional programmes and bilateral collaborations to develop a global earthquake risk model, due by the end of 2018. This paper describes how the main components (seismic hazard, exposure models and vulnerability functions) of this global effort are being collected, developed or improved. The calculations are being performed using the OpenQuake-engine, the open-source software for seismic hazard and risk calculations supported by GEM. This model will be able to provide estimates of critical risk metrics such as annualized average economic and human losses or aggregated losses for particular return periods, which are fundamental to the development of efficient and effective  mitigation planning.