Category Archives: Weather risk

How to model a windstorm

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Storm Angus hit the U.K. earlier this month (also known as Nannette as designated by the Free University of Berlin). Although insurance industry losses are not expected have much impact on the reinsurance industry, the storm did produce high winds … Continue reading →

Space weather spawns earthbound risks

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The University of Cambridge's scenario-based study examines the impacts and derived economic impacts from an extreme space weather event such as a solar storm. Continue reading →

Scariest Risks of 2016

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As Halloween nears, people’s thoughts inevitably turn to ghoulies and ghosties, and long-leggedy beasties, and things that go bump in the night. At the Wire we take this opportunity to reflect on the scariest risks our clients faced this year.  … Continue reading →

Matthew

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The deadliest hurricane in 11 years has struck around a fortnight ago. After tearing a path through the Caribbean, across Haiti and Eastern Cuba, through the Bahamas and then along the east coast of the U.S., it was finally absorbed … Continue reading →

Winter storms and hurricanes, all of an afternoon

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A forecast given by a long-range climate model differs to that of a short-range weather model, as it expresses the likelihood of all possible outcomes rather than just one solution. Continue reading →

Creative solutions for adverse-weather catastrophes

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The recent flooding in Louisiana, by some referred to as the Great Flood of 2016, has been described by the American Red Cross as the worst catastrophe to have hit the United States since Hurricane Sandy. Is my home safe, … Continue reading →

Has hurricane season peaked?

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As an ex-weather forecaster, and redoubled through my role working with the Willis Research Network, I have always been involuntarily drawn toward extreme weather. For me, the peak of hurricane season always brings both excitement and anticipation at the prospect … Continue reading →

The risk manager of the future

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Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →

Continued industry/academic collaboration will improve understanding of catastrophe risk

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Robust interaction among commercial catastrophe model vendors, re/insurers, intermediaries, and academic and government researchers is the best way to ensure our industry has the tools to deal with a changing risk environment. Continue reading →

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 →