Windstorms were responsible for 45% of UK household weather-related insurance claims between 1998 and 2013. Yet current methods for estimating UK wind hazard can lack the spatial resolution required to fully resolve this risk.
With windstorm being one of the most expensive natural perils for UK insurers, we have partnered with UCL Space & Climate Physics researchers to offer their advanced UK windstorm products as part of our ModEx offering. These products (collectively termed UK 100 m resolution windstorm data) deliver almost 2,000 times better spatial area resolution than other offerings available in the market today.
This webinar introduces UCL’s100m resolution windstorm dataand informs the viewers how these data sets can help firms to better understand their windstorm risk.
The webinar also discusses how Simplitium's ModEx service makes it easier for insurers to access advanced models and hazard maps to help price policies more accurately and make valuable cost savings around claims payments.