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In a World of Climate Change There is a Growing Need for Climate Forecasting
In late October 2012, the largest Atlantic hurricane on record slammed into New York, one of the world’s most populated cities and one of its leading financial and economic centres. “Super-storm” Sandy...
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Financing Future Catastrophes
I read an interesting analysis of the current state of play with regard to financing disasters in the New York Times Opinion pages recently. The authors, Erwann Michel-Kerjan and Howard Kunreuther, are...
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Natural and Cyber Catastrophes Bring Reputational Risk to the Fore
Risks associated with a company’s corporate reputation are evolving as a major topic of conversation and concern among risk managers.
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Could an Earthquake Cause the Next Financial Crisis?
On January 17, 1995, an earthquake struck the Japanese port city of Kobe, killing 6,500 people and destroying $100 billion worth of property and capital. Five weeks later, Barings Bank was declared...
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Haiyan Loss
Every time there is a major natural catastrophe somewhere in the world, losses are measured in several terms. First and foremost there is the human cost. While the loss of life may eventually be...
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In a World of Climate Change There is a Growing Need for Climate Forecasting
In late October 2012, the largest Atlantic hurricane on record slammed into New York, one of the world’s most populated cities and one of its leading financial and economic centres. “Super-storm” Sandy...
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Building Resilience Around Natural Hazards and Climate Change
A changing climate and rapidly growing exposure to natural catastrophes presents the world with an unprecedented challenge. The number of extreme weather events has doubled since the 1980s to an...
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Creative solutions for adverse-weather catastrophes
The recent flooding in Louisiana, by some referred to as the Great Flood of 2016, has been described by the American Red Cross as the worst catastrophe to have hit the United States since Hurricane...
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Insights from the Willis Re Flood Club: the weaknesses and strengths of flood...
When industry experts gathered to consider the state of flood modelling, they discovered a disconnect between theory and reality that can leave insurers under some expensive water. So what’s next for...
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Learning about natural hazards: A recap of Willis Research Network’s spring...
This past spring, Willis Research Network (WRN) hosted a series of morning seminars that featured a number of research projects and partners. Topics ranged from severe convective storms to corporate...
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