European windstorm has been the costliest peril for EMEA insurers not just in 2015, but annually averaged in the past as well. But, although European windstorms might be a major property risk, the absence of a single extreme wind event means they can slip off the insurers’ radar.
With windstorms seriously battering European insurers’ claims funds, this In Series article focuses on why obtaining a greater understanding of what’s at stake is essential.
• Complacency concerns.
• Historical data issues.
• UK windstorm data.
• Major loss events in Europe 1980-2014.