An AER Emerging Risk research program and innovation industry partnership that also taps insights from government and academia.
Space weather events can cause extended power outages for more than 100 million people in the U.S. and result in trillion dollar economic losses. Since numerous industries are vulnerable, our progression into the peak of the next solar cycle over the next five years (through 2016) has heightened concerns about what a severe solar event would mean for the re/insurance industry, national security, and the global economy.
Space weather has the potential to be severe because:
The re/insurance relevant impacts from such an event include:
Events that cause large-scale impacts are uncommon; because certain space weather damage can be cumulative, each small event increases the vulnerability of our infrastructure.
Atmospheric and Environmental Research (AER) scientists are carrying out the research on behalf of market participants in the initiative. Research results:
AER has over 30 years of space environment experience. Our scientists have been publishing peer-reviewed analysis of space weather impacts for fifteen years and contributing to government and industry initiatives including the U.S. Air Force AF-GEOSpace for over a decade. AER’s SEET (Space Environment Effects Tool) software is used by satellite designers and mission planners and operators, and AER's Space Weather Index analyzes the strength and duration of geomagnetic storms.
Among AER’s staff of nearly 200 professionals, more than half are scientists globally recognized for being at the forefront of their scientific fields. Over 85 have Ph.D.’s or advanced degrees. AER's expertise in space, defense, remote sensing, climate change, hydrology, meteorology, oceanography and atmospheric and environmental science, means the company's scientists collaborate closely with experts in government, universities and research laboratories.
Solar Storm Risk to the North American Electric Grid
—By Lloyd's of London with AER, June 2013
Space Weather Industry Initiative Q&A
—By International Innovation, with Kyle Beatty, Jan. 15,2013
Solar Storms: Protecting against the Sun's Dark Side
—By Joy Rohde, Director of Market Strategy, at The MEARIE Conference, June 27, 2012
Risk Management & Space Weather: Are You Ready?
—By Nicole Homeier, James Martin Griffin, and Kyle Beatty, in National Underwriter Property and Casualty, Sept. 6, 2011.
An early warning of the risks of space weather
—By James Martin Griffin, AER Staff Scientist, in Perspectives from America, March 28, 2011.