The insurance and reinsurance industries are hugely affected by weather. The need for a fuller understanding of past and future extreme weather impacts is critical for your business. We can help with pricing and risk modelling, claims management and supply chain management.
We agree that weather impacts are expected to get more frequent and more severe. Many insurance industry experts predict this will have significant impacts on subsidence, fire, flood, windstorm and hurricane risks and warn that catastrophe pricing needs review.
With the whole insurance and reinsurance industry hugely affected by weather, the need for a fuller understanding of past and future extreme weather impacts is critical for your business.
"Cost to insurers of UK flooding 2007 estimated as £3–5 billion."
"Climate change has implications for virtually all aspects and lines of the insurance industry, the Chartered Insurance Institute has warned."
"Severe weather incidents have impacted the industry globally and will continue to influence premiums in 2009/10 and beyond "
The Met Office provides services specially designed for insurers that can: