Industry Insights for Insurance Executives

The scientists, meteorologists and insurance specialists of Atmospheric and Environmental Research (AER) are world-renowned for their insight and expertise. Your experts can get direct access to these resources, enabling you to proactively manage risk due to weather and exploit business opportunities related to climate adaptation.

Focus

Key Issues/Questions Addressed

Weather Risk Management

  • Historical benchmarking interprets actual business results based on key weather metrics.
  • How do my claims compare to the environmental risk?
  • Are there more or fewer claims than expected given the weather conditions during the period of record?

Weather Forecasting

Short-range predictions enable insurers to improve customer service and satisfaction by pre-staging resources and communications before weather events occur.

  • Given a forecast of hail or wind over the next 1 to 15 days, where can we expect to see the greatest increase/decrease in claims activity?

Long-range and seasonal predictions shape year-ahead risk management scenarios, budget planning and product strategies.

  • Given last year’s weather-related claims, what will be the direction and relative magnitude of the trend change in claims activity (by location) next year?

Climate Change Risk Assessment

  • Climate change assessment shapes risk management strategies over the long term (5 to 20 years).
  • How will the projected change in climate affect the risk profile of our weather-related claims?