Storms

European winter storms

Winter storms in Europe represent a major catastrophe loss potential for the insurance industry. Since storm activity in Europe is subject to major fluctuations which stretch out across several years, the storm risk tends too be severely underestimated by many players in the insurance industry.

 
Tropical cyclones

The series of tropical cyclones in the North Atlantic and the West Pacific in the years 2004/05 have shown that losses arising from such events also pose a major threat to the insurance industry. This series of devastating tropical cyclones confronted insurers and reinsurers with the highest losses on record, prompting scientists and risk consultants to develop computer-aided models to quantify tropical cyclone activity using regional approaches.

Back to Top