Forecaster Tropical Storm Risk (TSR) has developed a computer model which “significantly...
Forecaster Tropical Storm Risk (TSR) has developed a computer model which “significantly improves the ability to predict the strength of hurricane activity striking the US mainland,” the organisation said today.
TSR claims the model will help buyers and sellers of hurricane catastrophe insurance and reinsurance make better-informed and more accurate decisions.
The model uses anomalies in wind patterns over North America, the Eastern Pacific and North Atlantic during July to predict the wind energy of US landfalling hurricanes during the main August to October hurricane season, TSR said.
Kevin Campion, executive vice president of property solutions at Benfield, said: “These predictions could prove to be invaluable to insurance companies as they enter the riskiest part of the hurricane season—the months of August, September and October—as it could be used to revisit their catastrophe retention decisions in light of the latest available data.”