Storm over Europe – An underestimated risk
How do winter storms occur in Europe? What potential losses are involved? What effect does global warming have on the formation of storms? And how should the insurance sector deal with this risk?
Natural catastrophe experts at Swiss Re have been tackling such questions for years and with good reason, as "Lothar" and "Martin" demonstrated once again in December 1999. The Swiss Re publication "Storm over Europe - An underestimated risk" not only addresses the phenomenon of European storms, but also presents a method for modelling the storm risk and establishing appropriate premiums.
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