Damage forecasting service for UK and Western European winter storms launched

A new storm damage prediction has been developed by UCL (University College London). The interactive web-based service, EuroTempest, offers local damage forecasts down to postcode level for ‘windstorms’ threatening seven European countries (United Kingdom, Belgium, Denmark, France, Germany, Ireland, and the Netherlands) up to five days in advance.

EuroTempest is funded by experts on (re)insurance and loss modelling from Benfield, Royal & SunAlliance and GE Insurance Solutions. The service also includes warnings for the severity and timing of high wind speeds in all other European countries and is freely accessible for the 2005/6 winter storm season at www.eurotempest.com

European winter storms have been responsible for 70-75 percent of all European insured losses since 1970 and this new tool is aimed primarily at insurers, reinsurers, risk and business continuity managers, allowing the monitoring of threatening windstorms, assessment of their damage potential and enabling pre-emptive protective actions to be taken.

From a business continuity point of view the service will enable potential physical damage to premises to be predicted, as well as the early highlighting of potential supply chain and logistics problems.

•Date: 6th Jan 2006• Region: UK/W.Europe • Type: Article •Topic: BC general
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