Category Archives: Weather risk

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

hurricane-andrew_645x400

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 →

Latest on El Niño Predictions for 2016: A Looming La Niña?

Jan2016 ENSO. Credit: NOAA

El Niño continues to hold sway over global weather patterns, and its influence is likely to persist into Spring 2016.This is according to the El Niño Global Impact Forecast, a special report written by researchers at the National Center for … Continue reading →

When Winter Storms Cross Territories

Storm-Jonas_NASA

In the United Kingdom, 2015 left many with the struggle of recovering from flood waters after a series of severe storms brought gales and heavy rain to many parts. Continue reading →