Natural hazards present a real threat to your business. North American insured losses totaled 17B USD in 2015, the highest of all regions, with an estimated 10B USD in insured losses coming from tornado outbreaks and thunderstorms.* Since no one knows where or when the next natural hazard event will strike, preparedness and active response are critical. As history has shown, just a single event can send damage totals into the billions of dollars.
To help you get a complete view of natural hazards, our data provides the answers to three critical questions: What could happen? What if it happened? And, What did happen? Our deterministic models calculate the likelihood of a natural disaster such as a severe storm, flood or earthquake; our probabilistic models give you comprehensive and highly credible loss estimates; and our forensic models show the actual frequency, severity and location of severe weather - right down to a specific property within your portfolio.
*Swiss Re Sigma Report, 2015
Global Catastrophe Models
Over the last decade, insurance has only covered 30 percent of the $1.8 trillion in property damage resulting from natural disaster events around the globe.* As insurers look to close the underinsurance gap, they need to precisely locate risk and quantify their potential exposure. Our International Catastrophe Models give you a unique view of global catastrophe risk with more than 181 natural hazard software models for 95 countries spanning six continents. By pinpointing your international catastrophe risk, you'll now know when to recommend additional coverage for a variety of perils.
*Insurance Journal, "Underinsurance of Property is Growing Global Challenge: Swiss Re Report," Sept. 15, 2015