Despite a recent period of perceived inactivity, European windstorm risk is one of the five peak perils that the global reinsurance industry is facing.
In fact, there are trillions of dollars of property at risk from these extra-tropical cyclones.
The new CoreLogic white paper, European Windstorm – Impact of Climate Change, takes a detailed look at how future climate change AR6 scenarios may impact European windstorm risk. The analysis looks at potential impacts both in terms of the changes to the underlying hazard and the associated insured losses.
This paper will discuss the following in detail:
- The 2023 CoreLogic Eurowind model and the construction of the hazard event set
- An introduction to climate change modeling, with a specific focus on European windstorm modeling and the wider context of northern hemisphere changes
- The projected impact of climate change on European windstorm risk, with an examination of the underlying hazard as well as where changes will manifest
- The projected impact of climate change on European windstorm insured losses
European windstorm risk can impact your enterprise risk management strategy
Learn How
There are several possible pathways that will define the future climate change up until at least 2050. It is therefore imperative to know how to estimate the variable risk of European windstorms and prepare for each of these possibilities.
CoreLogic’s European Windstorm models are a robust solution for projecting European windstorm risk under possible future conditions.
Learn more about how these models meet the needs of today’s catastrophe risk analysts as well as provide insight into what the future may hold.
Dive deeper into European windstorm risk in the first part of this white paper: Winds of Change: Counterfactual Analyses of European Windstorm Risk.
