Category Archives: Weather risk

Could a tsunami wipe out the U.K. coastline?

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Tsunami is a risk unlike any other natural catastrophe: it has the potential to dramatically change the landscape in a very short space of time, leaving devastation in its wake. And as an island, the U.K. is potentially vulnerable to … Continue reading →

Noah needs insurance

Budapest-flood

Insurance is the strand that anchors every family, business and community. Insurance complements and supports best building codes, discourages risky behavior and provides money to rebuild. Continue reading →

Preparing for seasonality, hurricane season and beyond

hurricane-damage

More understanding of and attention to seasonality in all of its various forms can not only help grow and improve the ILS market but also make the broader (re)insurance markets more effective and efficient. Continue reading →

Dispelling the myth: Hurricane Andrew didn’t happen in an El Niño year

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In the 20 or so years that span my reinsurance career the subject of the influence of El Niño–Southern Oscillation (ENSO) on Atlantic hurricanes has often come up. And the topic invariable leads to the following comment “Yes, but didn’t … Continue reading →

A “drought” of major hurricane landfalls? Science weighs in.

NOAA-hurricane-frances

Hurricane season is here. Tropical Storm Colin is the third named storm in the Atlantic basin this year, and has brought rough seas, heavy rain and flooding to Florida and parts of the east coast of the U.S. So far … Continue reading →

What could a La Niña mean for insured property exposure along the U.S. coast?

La Nina Property Exposure

June 1 marked the beginning of hurricane season in the Atlantic Basin for 2016. Willis Towers Watson Wire recently published a blog on our predictions for this season based on Colorado State University’s forecast. With the hurricane season in mind, … Continue reading →

2016 Atlantic Basin seasonal hurricane forecast: Average, but what does that mean?

2016HurricanePredictions

The 2016 Atlantic hurricane season will likely have activity near the average 1981-2010 season, with 90% probability of U.S. major hurricane landfall. Continue reading →

The U.K. Floods: Looking Forward – Building Better Resilience

Willis Re eVENT forecasting tools enable firms to forecast claim frequency

How best to protect communities from flooding, how modelling could be better used to forecast areas at high risk of flooding, and reinsurance solutions to protect against earnings volatility. Continue reading →

U.K. Floods: Should We Expect More of the Same?

localised-above-average-rainfall-UK

Last week we examined the impact of the recent U.K. floods on the re/insurance industry. This leads us to ask what we should expect in the future. The U.K. December floods provided a useful case study on the performance of … Continue reading →

The U.K. Floods: Record-Breaking December – How Bad Was it?

british-floods

December 2015 saw Storms Desmond, Eva and Frank hit the U.K. leaving widespread flooding in its wake, breaking meteorological records and causing the insurance industry a £1.3bn headache. The flooding made headlines across the U.K., sparking a debate over the … Continue reading →