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< Natural Hazard and Catastrophe Risk Solutions
European windstorms are a class of extratropical cyclone that pose significant risk to insured assets across the continent.
Eurowind is a fully probabilistic risk model from CoreLogic® that quantifies the prospective hazard from windstorms across 24 European countries. Eurowind and RQE® are part of the Catastrophe Risk Management suite from CoreLogic.
This model includes the addition of core new features, coverage and functionality. The model basin has been expanded to now cover the Iberian peninsula (Spain and Portugal), as well as a new North Europe Offshore (NEO) component has expands capability to model wind turbine risk in the North Sea, Irish Sea, Baltic, and Eastern Atlantic.
Loss Scenario for the Positive Phase of the North Atlantic Oscillation .
Every five years, northern Europe experiences a large influx of claims activity due to a unique pattern of windstorm activity caused by North Atlantic Oscillation. Driven by the difference in pressure anomalies between the Azores High and the Icelandic Low pressure systems, North Atlantic Oscillation (NAO) results in a pressure gradient of varying strength throughout the European continent.This increase can result in a significant strain on the human and capital resources of insurance companies, and should thus be a major focus of loss reduction programs.
Based on the European Windstorm Model (Eurowind™) from CoreLogic®, North Atlantic Oscillation presents a unique view of risk, allowing for a better, general understanding of the sensitivity of the Eurowind model to such drastic a change in conditions.
For wind peril, Eurowind covers 24 countries across Europe: Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Latvia, Lithuania, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain, Romania, Slovakia, Poland, Sweden, Switzerland, and the UK.
Storm Surge Hazard:
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Roof Intelligence That Won’t Leave You Guessing
Faster Decisions with Better, More Accurate Weather Data