Aon Benfield Impact Forecasting News

Snowy, Cold January Was Deadly and Costly: Aon

The various winter storms that brought snow and bitter cold to the United States in January took more than 50 lives and are expected to result in direct economic losses of about $3.5 billion and insured losses of more than …

Global Natural Disasters Cost Insurers $45B in 2013: Impact Forecasting

In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent below the 10-year average of $200 billion, but above the average 259 events, according to a report by global reinsurance …

Europe Hit by $2.25 B Economic Loss: Impact Forecasting December Cat Report

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has issued its monthly Global Catastrophe Recap report for December 2013. It highlights the impact on Europe of a series of windstorms during the month, including Windstorm Xaver, …

September Economic Loss from Nat Cats $15 Billion: Aon Benfield Report

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released its latest monthly Global Catastrophe Recap report for September, which tallied the economic costs for the month at $15 billion, a figure which Aon Benfield said …

August’s Natural Disasters Caused $10B in Economic Damage: Aon Benfield

August saw billion-dollar flood losses in China, Russia, Philippines and Pakistan, bringing an initial combined estimate of $10 billion in economic losses, Aon Benfield said in a report on natural disaster perils. According to the report by the firm’s Impact …

Aon Benfield’s Impact Forecasting Releases Model for Recent German Floods

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a scenario model for the recent German floods. The bulletin explained that by “using event footprints that outline the extent of the flood enables insurers to …

Aon Benfield’s Impact Forecasting Launches New Cat Scenario Models

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a suite of new scenario models to generate loss estimates for specific historic or hypothetical events. The bulletin noted that “loss estimates for events such as …

Half of 2012′s Global Economic Losses Due to U.S. Natural Disasters: Aon

While global economic losses were close to average in 2012, insured losses last year were 36 percent higher than the 10 year average ($72 billion vs. $53 billion) because the two most costly events of the year occurred in the …