Posts Tagged ‘GC ForeCat’



December 22nd, 2010

2010 Catastrophe Update: Part II, Cyclones, Hurricanes, Typhoons

Posted at 1:00 AM ET

David Flandro, Global Head of Business Intelligence, and Julian Alovisi, Senior Vice President

Tropical Cyclones in 2010

For the second year running, no significant insured loss arose from global tropical cyclones. The 2010 hurricane season in the Atlantic was notable for its above-average activity and negligible impact on (re)insurers’ bottom lines, while typhoon development in the West Pacific was the lowest on record. These trends were driven by the development of a moderate La Niña event and very warm tropical Atlantic seas surface temperatures.

Continue reading…

June 15th, 2010

2010 Hurricane Season Begins: Knowing, Understanding and Better Managing the Risks, Part IV: Tools for Understanding and Managing Risk

Posted at 2:00 AM ET

Lara Mowery, Managing Director and Julian Alovisi, Senior Vice President
Contact

Guy Carpenter offers the solutions to help (re)insurers manage the risks associated with hurricane exposures and preparedness through our forward looking hazard forecasting tools. Assessing the impact and potential loss damage of hurricane activity on a risk portfolio can now be accomplished with more detailed information than ever before.

Continue reading…

June 14th, 2010

2010 Hurricane Season Begins: Knowing, Understanding and Better Managing the Risks, Part III: 2010 Hurricane Forecast

Posted at 1:00 AM ET

Lara Mowery, Managing Director and Julian Alovisi, Senior Vice President
Contact

To coincide with the start of the hurricane season, Guy Carpenter has summarized the various forecasters’ predictions for the 2010 season. Several meteorologists have released forecasts for the forthcoming hurricane season and there seems to be a general consensus that 2010 will see unusually high activity. If this prediction proves to be true, the 2010 hurricane season will stand in sharp contrast to the relatively quiet 2009 season.

Continue reading…

April 20th, 2010

GC ForeCat™ Continues to Predict Above-Average Hurricane Landfall Rates in Northeast and Florida Regions for 2010 Season

Posted at 12:10 PM ET

forecat-20-april-small1GC ForeCat is a product developed by Guy Carpenter in collaboration with WSI Corporation, the world’s leading provider of weather-driven business solutions, that provides pre-season hurricane landfall forecast rates for different regions in the United States. GC ForeCat revolutionises hurricane forecasting by estimating the rate of landfall for regions along the U.S. coastline. Four different regions (Gulf, Florida, Southeast and Northeast - see Figure 1) are derived with associated likelihood of tropical cyclones making landfall in each area. Monthly updates are anticipated up to and including May.

Continue reading…

March 18th, 2010

GC ForeCat™ Predicts Above-Average Hurricane Landfall Rates in Northeast, Southeast and Florida Regions for 2010 Season

Posted at 9:55 AM ET

forecat-march-18-smallGC ForeCat is a product developed by Guy Carpenter in collaboration with WSI Corporation, the world’s leading provider of weather-driven business solutions, that provides pre-season hurricane landfall forecast rates for different regions in the United States. GC ForeCat revolutionises hurricane forecasting by estimating the rate of landfall for regions along the US coastline. Four different regions (Gulf, Florida, Southeast and Northeast - see Figure 1) are derived with associated likelihood of tropical cyclones making landfall in each area. Monthly updates are anticipated up to and including May.

Continue reading…

February 24th, 2010

GC ForeCat™ Continues to Predict Southeast Region of United States Most Vulnerable to Landfalling Hurricanes in 2010

Posted at 11:23 AM ET

cati-pred-se-smallGC ForeCat is a product developed by Guy Carpenter in collaboration with WSI Corporation, the world’s leading provider of weather-driven business solutions, that provides pre-season hurricane landfall forecast rates for different regions in the United States. GC ForeCat revolutionises hurricane forecasting by estimating the rate of landfall for regions along the US coastline. Four different regions (Gulf, Florida, Southeast and Northeast - see Figure 1 on page 2) are derived with associated likelihood of tropical cyclones making landfall in each area. Monthly updates are anticipated up to and including May.

Continue reading…

January 20th, 2010

GC ForeCat™ Predicts Above-Average Hurricane Landfall Rate in Southeast Region for 2010 Hurricane Season

Posted at 12:49 PM ET

GC ForeCat is a product developed by Guy Carpenter in collaboration with WSI Corporation, the world’s leading provider of weather-driven business solutions, that provides pre-season hurricane landfall forecast rates for different regions in the United States. GC ForeCat revolutionises hurricane forecasting by estimating the rate of landfall for regions along the US coastline. Four different regions (Gulf, Florida, Southeast and Northeast - see Figure 1) are derived with associated likelihood of tropical cyclones making landfall in each area. Monthly updates are anticipated up to and including May.

Continue reading…

November 9th, 2009

Near-Term Capital Management: Hidden Opportunity

Posted at 1:00 AM ET

harnick_michelle_141pxMichelle Harnick, Managing Director
Contact

We’ve had a fairly quiet catastrophe year, making it easy for risk managers to slip into a false sense of comfort. But, the situation could have been much different, especially if Hurricane Bill had taken a slightly altered course. A single storm can affect the insurance industry profoundly, especially if it makes landfall where there is a high accumulation of risk. When the unexpected begins to take shape, the range of options available to risk bearers shrinks rapidly, and even the most thorough of plans can be thwarted. Any measure that can help carriers protect their capital as a storm is bearing down on its insureds can have an impact all the way to market capitalization.

Continue reading…

August 10th, 2009

Guy Carpenter LiveCat™ Hurricane Index

Posted at 1:01 AM ET

harnick_michelle_141pxMichelle Harnick, Managing Director
Contact

The Guy Carpenter Hurricane Index helps (re)insurers assess the potential losses from hurricanes making landfall in the Atlantic Basin by defined regions: Northeast, Southeast, Florida, and Gulf. Guy Carpenter created this index in response to the (re)insurance industry’s questions about the credibility of catastrophe models after the 2004 and 2005 hurricane seasons and their need to better understand and manage their catastrophe risk. Unlike most indices, which do not differentiate by location and only take into account frequency or severity and historical climatologic information, the Guy Carpenter Hurricane Index also considers current meteorological information and forecasts about live events, the forecast landfall location, and the forecast landfall probability and the conditional severity.

Continue reading…