Europe Severe Convective Storm
Severe convective storms cause more than 20 percent of the average annual insured losses in Europe. Hailstorms like Andreas in 2013 (USD 4 billion) or Ela in 2014 (USD 3 billion) show the importance of modeling this peril to manage risk.
Regional Focus
Benefit from a Pan-European model, covering 17 countries, to understand risk from hail, straight-line winds, and tornadoes.
Asset Specific
Model what matters: the model gives insight on property and automobile risk, including an innovative way to account for movement of vehicles.
Solution Consistency
Use the same set of solutions across the risk management chain—from underwriting to portfolio management and capital adequecy.
Model Coverage
Europe Severe Convective Storm boasts the below benefits to help you accurately assess your risk.
Spotlight
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.

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