In Series Windstorms: Be prepared

With insurance essentially a promise to put things right when something bad happens, the  ay the industry responds following a windstorm is critical. And, while the personal touch is important, weather data can optimise insurers’ response, even before the storm hits.

This article studies how insurers can make sure they’re ready to hit the ground running once a windstorm has passed by studying weather data before the storm hits.

Topics covered:
• What confidence levels do insurers need before taking mitigating action?
• Which actions would insurers take on receiving alerts and daily updates?
• How can weather data help the loss forecast?
• Policyholder communications.
• Validation exercise.