Severe convective storm events — tornadoes, hail, straight-line winds, and lightning — contribute to significant material losses worldwide every year, and recent upward trends in exposure concentration, event losses, and claims severity indicate the risk landscape is changing.
RMS severe convective storm models, validated and calibrated by more than $7 billion in location-level claims data and $265 billion in industry loss data since 1990, provide insight for a refined view of hazard, vulnerability, and claims behavior across multiple lines of business and occupancies.
Experience-based rating alone makes it difficult to estimate losses, particularly in rural or newly developed areas where the historical record is limited. To fill in the gaps associated with an incomplete data record, we combine the strengths of numerical weather models and statistical techniques along with detailed claims analysis into a hybrid methodology, so you can:
This enables you to:
- +Identify emerging areas of severe weather risk
- +Model the spatial distribution of events accurately
- +Obtain a more holistic view of risk