Earlier this year, RMS released its latest medium-term rates (MTR) forecast for the North Atlantic hurricane basin as part of the North Atlantic Hurricane Models Version 18.1 release. Applicable over the 2019-2023 period, the Version 18.1 forecast represents an update from the previous MTR forecast issued in 2017 for the 2017-2021 period, by reflecting hurricane activity from the 2017 and 2018 seasons.
The MTR forecast provides a forward-looking estimate of the expected average annual landfall rate on a five-year horizon. Available alongside the long-term rates (LTRs) – a view of hurricane frequency based on the climatological average for the period from 1900 onwards, MTRs provide an additional perspective on expected hurricane rates on a shorter timescale. This allows RMS to adjust our view of risk according to the observed climate variability, and to combine different scientific theories on the drivers of hurricane variability over time, ultimately providing a view of landfalling hurricane risk that best represents the near-term basin conditions.