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Five Ways RMS HD Modeling Helps You Manage European Windst...
Windstorms remain the main driver of natural catastrophe insured loss in Europe, due in part to high levels of insurance penetration across the region. While individual claims might be small, the sheer size of these storms means multiple countries at a time are often impacted, resulting in significant cumulative costs to (re)insurers. Regulatory focus is therefore high, with (re)insurers required to provide evidence that they hold adequate capital for these types of events. The complex dynamics of extratr...
Then and Now: Fifty Years after Quimburga
On November 13, 1972, now some 50 years ago, one of the strongest and most devastating windstorms struck Europe. Back in 1972, I was a teenager living with my family in northern Germany, and for us, this Autumn day started like any other. My siblings and I took the train to school which was some 15 kilometers (9 miles) from where we lived. At that point, we had no idea that this day would become one that we would remember for the rest of our lives. Quimburga, or the Lower Saxony Storm, originated on Nove...