Windstorms: Lessons from history

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.

Topics covered:
•    Complacency concerns.
•    Historical data issues.
•    UK windstorm data.
•    Major loss events in Europe 1980-2014.