AIR Worldwide has revised its New Zealand earthquake model to include the latest scientific research gathered from the Canterbury catastrophes in 2010/11 and Kaikoura in 2016.

The catastrophe modeller has also added post-quake sub-perils such as ground shaking, liquefaction, landslide, tsunami and fires.

“This model has been developed to meet the wide spectrum of earthquake risk management needs of the insurance industry and accounts for unique risks and policy conditions specific to New Zealand,” EVP and Chief Research Officer Jayanta Guin said.

The model has also been expanded to include support for additional risk types such as large industrial facilities, infrastructure, marine cargo and construction.

It is the first AIR quake model to support land damage, because New Zealand residential policies cover land under homes or outbuildings, land necessary to support the structure and driveway land.