The report discusses the risks and impacts of earthquakes, which are caused by the sudden movement of tectonic plates. On average, there are around 15 major earthquakes every year, and it is impossible to predict when or where they will occur. Earthquakes can cause direct damage to buildings and infrastructure, as well as trigger secondary disasters such as tsunamis, landslides, and sinkholes. They can also lead to fires and explosions if gas or electrical lines are affected, increasing the risk to life and property and the scale of business losses. The magnitude and Modified Mercalli Intensity are used to measure earthquakes. Earthquakes can cause damage far from the epicenter depending on the geology, soil type, and vulnerability of the building or location. The report provides insights from WTW speakers on earthquake risks and mitigation strategies.
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