Business Services Industry
U.K. windstorm risks focus of new models and analysis efforts.
Business Insurance, September, 1998 by MacDermott, Matthew
LONDON - New initiatives are emerging to provide more advanced analysis and prediction of U.K. windstorm risks. U.K.-based reinsurance broker Willis Faber Re and the U.K. Meteorological Office recently launched a new, joint venture computerized windstorm model. It is the first time the U.K. Meteorological Office has joined forces with a company within the U.K.
insurance and reinsurance industry to analyze windstorm risks, according to Oliver Peterken, executive director of research and development at Willis Faber Re. Aon Group (UK) Ltd. also is looking to improve its current windstorm modeling techniques and plans to launch a new, more detailed model by the end of the year, said Matthew Eagle, associate director of research and development for Aon's U.K non-marine...
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