Category Archives: Weather risk

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?

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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?

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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

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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 →

After COP21 How Can Insurance Help us Adapt to Climate Change?

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A mix of hype, excitement, cautious optimism, scepticism and just plain cynicism has purveyed the world of climate science and risk management following the latest (21st) Conference of the Parties in Paris, otherwise known as COP21. Continue reading →

Building Resilience Around Natural Hazards and Climate Change

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A changing climate and rapidly growing exposure to natural catastrophes presents the world with an unprecedented challenge. Continue reading →

Quantifying European Windstorm Models: Comparing the Hazard Models

As we enter another European windstorm season, following a few inactive seasons, we need to look back to key historical events as a reminder of the high loss potential. Indexed to today’s prices and adjusting for market size, Willis Re … Continue reading →

2015 El Niño – Impacts on Hurricane Activity and Climate Links to Reinsurance Loss Activity

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2015 El Niño As predicted earlier this year, an El Niño event has been developing in the Equatorial Pacific. By most objective metrics, the event looks to be strong, with all defining atmospheric or oceanic variables showing the characteristic El … Continue reading →

Strongest El Niño in Decades

El Niño/Southern Oscillation (ENSO)

Seasonal forecasting is a developing science. Skill is required for the scientific production of the forecast, but also in interpreting the information. However, if there is ever going to be a good time to check these long range forecasts, it … Continue reading →