IAG has adopted the New Zealand earthquake model of global catastrophe modeller RMS to strengthen its risk assessments.

The tool benefits from a simulation-based framework that models tens of thousands of future quake scenario losses. It is the first to holistically consider losses due to ground shaking, liquefaction, landslide, tsunami and fire after a quake.

The model was updated using lessons learnt from the Canterbury quake in 2010 and the more complex Kaikoura event in 2016.

IAG natural peril specialist Philip Conway says New Zealand has the most technically advanced views of quake risk in the world, and the RMS platform leverages that.