THE BUSINESS PROBLEM

The insurance industry is well equipped with tools and expertise for analyzing and pricing catastrophic wind damage risk. But that risk assessment is based largely on climatology data, recent storm history, model scenarios and assumptions -- none of which have proven to be very accurate or helpful in anticipating severe storm losses in particular geographic regions in any given year. Seasonal storm forecasts, widely available from various sources, are conflicting and too general and subject to frequent revisions to be used for effective decision making.

PLANALYTICS SOLUTION

Planalytics Severe Weather Service provides year-round global forecasting, monitoring, tracking and alerting for tropical storms, cyclones and windstorms. Planalytics employs proprietary forecasting models to produce long-range storm forecasts of the timing, path, and intensity of tropical storms in the Atlantic and Western Pacific, as well as European windstorms.

The service includes daily storm monitoring and regular client consultations with a team of senior meteorologists who specialize in severe weather and provide industry-specific focus and knowledge. Our clients in the insurance, reinsurance, and insurance-linked securities industries know more and know sooner about the timing, path, and intensity of developing tropical storms and windstorms, allowing them to gain valuable time and make more informed decisions. Planalytics clients are typically given Event Alert notices several days prior to the release of government and other private weather service advisories.

Preseason forecasts for the entire season are delivered to clients in December each year and updated in April. These forecasts include storm tracks, timing windows and intensity for each tropical storm threat in the Atlantic and Western Pacific.

To learn how Planalytics can help your business please complete the request form or call us at 800-882-5881.