Category Archives: Natural Catastrophe

Fostering Resilience in the Asia-Pacific Region

While there are some encouraging signs of greater resilience developing throughout the Asia-Pacific region, disasters such as the April 2015 earthquake in Nepal remind us of how far we have to go. In addition to loss of life, the damage … Continue reading →

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

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 →

Interactive Map of the Nepal Earthquake

Nepal quake

The 2015 Nepal earthquake occurred at 11:56 NST on 25 April, with a moment magnitude (Mw) of 7.8Mw and a maximum Mercalli Intensity of IX (Violent). The quake occurred as the result of tectonic plate movements along the fault line … 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 →

Progress in Assessing Tsunami Risk on a Global Scale

Tsunamis produce some of the greatest losses to lives and livelihoods of any disaster. They ignore country borders, bringing chaos and destruction indiscriminately. These rare events are difficult to study, but we have learnt many valuable lessons from two of … Continue reading →

Climate Resilience and Graceful Failure

Extreme weather events are opportunists. They strike indiscriminately, and selectively expose the parts of society that are underprepared and most vulnerable. We see the lack of resilience to extreme events in the most susceptible regions time and time again in … Continue reading →

Interactive Map of Hurricane Katrina

interactive hurricane katrina

Only ten years ago the city of New Orleans, “the Big Easy” was left battered and broken by ravaging winds and unyielding storm surge brought in by Hurricane Katrina. Even though it was a highly anticipated and well-forecast storm, Katrina … Continue reading →

10 Years On: The Evolution of Modeling Since Katrina

Risk modelling experts on the evolution of hurricane catastrophe models since Hurricane Katrina

The re/insurance industry used catastrophe risk models long before Hurricane Katrina, but Katrina challenged the standards of these models. It called into question the quality of exposure data, how the models were used and their suitability for various business applications. … Continue reading →

30 Years Later: the Ontario Tornadoes of May 1985

On May 31, 1985, a deadly tornado outbreak struck the Northeastern United States and Canada, causing widespread property damage and loss of life. Continue reading →

Earthquake and Underinsurance: Twin Scourges of Nepal

Reuters: Nepal Earthquake

Nepal is one of the world’s most disaster-prone countries. The recent 7.8 magnitude earthquake, which marked the worst natural disaster to hit Nepal in more than 80 years, is a strong testament to the country’s vulnerability. While the economic losses … Continue reading →