Working with leading organisations to provide a global, independent and transparent view of catastrophic events
In partnership with the University of Reading and the University of Exeter we are working together to apply our significant experience in windstorm modelling to create a historical extreme wind storms (XWS) database.
The University of Reading will lead the production of Level 1 data, which will contain information on windstorm position and intensity including storm tracks. The Met Office will lead the production of Level 2 data in collaboration with the University of Exeter to provide windstorm footprint information at 25 km resolution.
The project is seeking a small number of insurance industry participants to ensure the database is useful for both insurance and scientific purposes.
Further information on the project and how to get involved Historical catalogue of extreme European windstorms (PDF, 247 kB)
The Met Office and Lloyd's, the world's specialist insurance market, teamed up to promote the latest scientific research on North Atlantic hurricanes.
Landfalling hurricanes in the US are the costliest of all natural hazards, with the total bill for Hurricanes Katrina, Wilma and Rita in 2005 reaching an estimated $90bn.
Hurricanes and Long-term Climate Variability, a report from Lloyd's and the Met Office, examines the latest research papers from a number of leading organisations.
The study explores how atmospheric climate and oceanic conditions influence the formation of powerful storms and what drives them to make landfall.
In recent years, we have made great strides in understanding the global climate and providing medium and long range forecasts for the most destructive storms, like North Atlantic hurricanes.
This study presents the very latest knowledge on what drives changes in hurricane landfalling risks by examining the underlying physical causes. This approach takes steps towards the validation of some commonly used statistical relationships and will potentially find others.
Commissioned by the Light Hill Risk Network, we wrote a report to define and describe the cycle of El Niño and La Niña episodes and their worldwide impacts most relevant to the finance industry, highlighting in particular severe rainfall and tropical storm aspects.
This assists the financial industry to make more informed decisions through an understanding of the El Niño and La Niña climate cycles. These cycles shift the risks of damaging hazards in recognisable ways and they predicted about six months in advance.
The Met Office is an active member of the OASIS Loss Modelling Framework (LMF) community which includes representatives from insurance and reinsurance companies, along with other parties interested in catastrophe modelling. The LMF is focused on creating open access catastrophe models for the global community.
To assess the financial impacts of climate change, we worked with The Association of British Insurers (ABI) and catastrophe modelling experts AIR Worldwide, to conduct a study. The focus was on the dominant natural hazards in the UK, wind and inland flooding damage, and typhoon damage in China.
We created a series of climate scenarios based on the current state-of-the-art climate model output, as well as a diverse range of published scientific research and data. The scenarios were then used by AIR Worldwide to adjust their catastrophe models - providing a unique insight into relationships between climate change and potential financial risk impacts.
In response to the needs of insurance and reinsurance markets worldwide, JBA Consulting, eCityRisk and the Met Office combined forces to provide clients with a series of post-event assessment and reporting capabilities.
Following an event, we provide detailed event reporting for clients who wish to access a reliable source of "what happened" information, either for their own purposes or for onward dissemination to a wider client base. Our bespoke service, can be branded purely for our client if desired, and can be commissioned before, during or after an event has occurred.
Commissioned by Barclays we were asked to provide a comprehensive overview of the economic impacts of climate variability in Africa.
Read the Climate risk report (PDF, 1 MB)