Windstorms: Postcode lottery

With windstorm listed as one of the top three property risks for UK insurers, underwriting this natural phenomenon requires particular attention. However, while underwriters can drill down to property level for flood risk, insurers take a much more broad-brush approach when it comes to pricing windstorm.

This In Series article focuses on the key components of underwriting windstorms and the tools available for insurers to help them assess risks and price products accordingly.

Topics covered:
• At what resolution do insurers analyse windstorm hazards?
• Insurers’ sources of natural hazard information and analysis.
• Property risks.
• Windstorm classifications.
• Factors impacting pricing.