According to Gavin Lewis, commercial director of ImageCat, a US and London based risk management provider, “even in the middle of hurricane season, catastrophe risk managers can improve their understanding of their exposures through better data analysis.
He noted that “this is a critical period of the year for insurers with hurricane risks. Even as the season develops, insurers and reinsurers can benefit from having access to additional windstorm data. The better they can analyze their portfolios, the better they can advise regulators and shareholders. It reduces the risk of market volatility and pressure on capital.”
The bulletin explained that Kinetic Analysis Corp., which offers “multi-model impact forecasting and risk assessment for catastrophic events,” can provide “data on probable intensity and extent of hurricanes in the North Atlantic and Caribbean.
These figures are available on ImageCat’s data analysis platform, inhance. Through inhance, catastrophe modelers and underwriters can use Kinetic Analysis’ wind hazard data for the Caribbean, Central America and Mexico to examine the likely impact of a range of windstorm events on their portfolios in a simple and transparent manner.”