Weather the Storm

In 1990, Daria, the most damaging storm of the last few decades, causing €11 billion euros in losses, was just one of five severe, billion-euro loss storms affecting western and central Europe in just five consecutive weeks. All together, it totaled €20 billion euros in losses and took hundreds of lives.

Multiple billion-euro insurance loses, spread over several countries and accumulated quickly are frequently outcomes of severe windstorms passing through Europe, posing the prime risk for the European insurance industry.

The CoreLogic® Eurowind™ Model covers 24 European countries and is comprehensively simulating extreme conditions just like these historic catastrophes—allowing insurers to manage their exposure to these weather phenomena better.

European Windstorm Graphic

A Pioneer in Modeling

In 2008, CoreLogic pioneered the use of the global Atmosphere-Ocean-General-Circulation Model, taking into account long, continuous simulations of past, present and future storm activity affecting properties worldwide. This supplanted the classic expert opinion regarding probable maximum storm scenarios.

To this day, we have continued to innovate, allying ourselves with renowned universities such as the Free University of Berlin and the University of Birmingham to stay at the forefront of modeling precision. CoreLogic persists in pushing the boundaries of what’s possible, seeking to provide the most up-to-date, applied catastrophe modeling solutions.

North Europe Offshore & North Atlantic Oscillation

A new North Europe Offshore (NEO) component also has expanded capability to model wind turbine risk in the North Sea, Irish Sea, Baltic, and Eastern Atlantic. Additionally, based on the Eurowind Model, the North Atlantic Oscillation (NAO) Model presents a unique view of risk, allowing for a better understanding of the sensitivity of the Eurowind model in association with drastic changes in conditions.

Benefits

For the 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 U.K.

Wind Hazard:

  • Based on measured wind speed data from 4,000 European meteorological stations
  • Determines realistic wind hazards for each site location

Storm Surge Hazard:

  • Available for the U.K., France, and Sweden
  • Combining wind speeds and direction with astronomical tide, mean sea level conditions, and coastal defense to generate inundation probabilities

Check These Out

If you’re interested in our Eurowind Model, you might be interested in these:

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