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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...
Hurricane Ian: The Challenge of Getting Insights into Your...
As soon as Tropical Storm Ian was named on September 26, 2022, our clients using the RMS® ExposureIQ™ application on the RMS Intelligent Risk Platform, have been accessing both our RMS Event Response event footprints and our RMS HWind real-time insights to provide a unique perspective on the progress of the storm. The ninth named tropical storm of the current North Atlantic hurricane season, Major Hurricane Ian made landfall as a Category 4 (Saffir-Simpson Hurricane Windscale) major hurricane near Cayo Costa,...
Season of Flood: Flood Risk Is Complex. Managing It Should...
As the world has witnessed, the recent catastrophic flooding, and resulting loss of life and damage across Germany, Belgium, and neighboring countries has again underlined the devastating nature of severe flood events, and as a risk modeling business, it reminds us of the need to understand all aspects of this peril. What progress are we making on helping clients and wider stakeholders understand flood risk? RMS® has been modeling flood risk for over 20 years now, and this year represents one of our most imp...
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...