Automated event response to Japan Typhoon will be added to our portfolio in 2021.
In an increasingly risky world, insurers and reinsurers need more sophisticated tools to quantify and manage the risks facing their businesses. Aon’s catastrophe model developers, Impact Forecasting, enable firms to analyse the financial implications of catastrophic events and achieve a greater understanding of their risks.
As climate change continues to affect the frequency and intensity of weather events, and as demographic patterns shift around the world, the impact of natural disasters will only increase. Catastrophe Insight helps to communicate natural disaster risk using data & science, through catastrophe reporting, historical data analysis, event response and client consulting.
All Impact Forecasting models can be customised based on the client’s requirements, for example, using an insurer’s loss data to generate more accurate results for a specific line of business or developing an entire new model for a previously unchartered peril and territory.