Benefit from a Pan-European model, covering 17 countries, to understand risk from hail, straight-line winds, and tornadoes.
Model what matters: the model gives insight on property and automobile risk, including an innovative way to account for movement of vehicles.
Use the same set of solutions across the risk management chain—from underwriting to portfolio management and capital adequecy.
Europe Severe Convective Storm boasts the below benefits to help you accurately assess your risk.
Model losses from hail, straight-line winds, and tornadoes, as well as any combination of these sub-perils.
Understand cross-country correlation by using a consistent model across 17 countries in Europe.
Account for the differences in vehicles types, their typical movement behavior and protection systems.
Complete View of Risk
Complete your view of weather risk in Europe, with this model fully compatible with the RMS Europe Windstorm Models.
Severe convective storms are inherent to the European climate risk landscape and can cause extensive loss to vehicles and property. Severe convective storm risk is often managed using historical experience alone, facing issues such as under-reporting of observations. Recent events show the potential challenges and cost this peril can drive for the (re)insurance industry.
Five Years After Andreas: The Event That Changed the Severe Convective Storm Risk Landscape in Europe
July 2013, and Central Europe was just recovering from severe floods during May and June when a series of severe convective storms surprised the (re)insurance industry. On July 28, hailstorm Andreas hit the Stuttgart region in southern Germany, causing widespread damage to property and automobiles.
Tornadoes in Europe
On March 12, 2018, an EF2 tornado struck the Italian city of Caserta, located about 30 kilometers (18 miles) north of Naples. The tornado caused damage to cars, buildings, and road infrastructure, with 15 people reported injured.
Severe Convective Storms in Europe: Ancient Threat, New Solution
As summertime approaches here in Europe, so does the peak season across the continent for hail, straight-line winds, and even tornadoes (collectively known as severe convective storms). These storms have been recognized for centuries—in the eighteenth century, Italian composer Antonio Vivaldi wrote a sonnet to accompany his violin concerto Summer from the Four Seasons concerti: “The shepherd trembles, fearful of a violent storm… …the heavens roar, and great…
Want Leading Edge Tools to Manage Your Severe Convective Storm Risk in Europe?