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  1. Satellite image of a storm Of all the perils, windstorm causes the greatest property insurance loss in Europe
  2. Risk Modelling Catastrophe model assumptions and output are constantly under scrutiny, both internally and by regulators
  3. Responding to extreme events The Met Office was founded in the 19th century because of the need to foresee extreme storms and mitigate loss
London's financial district skyline

Natural hazard is the least predictable element of the risk calculation

Climate research indicates an increase in the frequency of extreme events, so an independent expert view is increasingly helpful in risk pricing and validation of catastrophe modelling approaches.

The Met Office provides leading meteorological hazard insight to reinsurers, insurers, traders and brokers. Commercially available services include:

  • Windstorm hazard maps for underwriting and portfolio management.
  • Historical windstorms and event set for risk modelling and capital reserving.
  • Alerts and high resolution forecasts of incoming storm events, for operations and loss forecasting.
  • Forecast scenarios with probabilities for trading weather sensitive stocks.

New: Met Office releases high resolution hazard mapping covering the whole of Europe

The Met Office can also undertake climate and weather impact investigations tailored to specific financial contexts, as well as detailed modelling and analysis following a major event.

For more information on our commercial services, please contact the team on 01392 885680 or peril@metoffice.gov.uk

Last updated: Nov 9, 2015 8:25 AM