Severe thunderstorms can strike Europe at any time of the year, and their loss potential is increasing. There have been several events in the last 10 years that have resulted in insured losses exceeding EUR 1 billion, including a 2013 storm that struck multiple countries—Germany and France in particular—and caused more than EUR 3 billion in insured losses.

Protect your bottom line by accounting for the real-world behavior of severe thunderstorms.

A severe thunderstorm event can produce multiple outbreaks of hail and straight-line wind over the course of several days. The AIR Severe Thunderstorm Model for Europe uses adaptive clustering to group outbreaks that occur close together in space and time to reflect real-world conditions and better align with industry definitions of severe thunderstorm events.

Understand key risk drivers of severe thunderstorm loss in Europe.

The new European severe thunderstorm model captures the risk from hail and straight-line wind—the sub-perils responsible for most significant European severe thunderstorm losses.

Germany's Billion-Euro Hailstorms Highlight Loss Potential in Central Europe

Have confidence in your European severe thunderstorm model results.

AIR researchers incorporated claims data for many historical storms across multiple countries and companies in the development and validation of the model, as well as industry loss data from insurance associations in Germany, Austria, Switzerland, France, and many other sources, to ensure model results reflect actual loss experience.

Capture your severe thunderstorm risk across your entire portfolio spanning 22 countries, identify business opportunities, and make more informed underwriting decisions.

You can obtain a more holistic view of your severe thunderstorm risk for all of your lines of business—including residential, commercial, small industrial, large industrial, agricultural (including greenhouses), automobile (including dealerships), marine (cargo and hull), wind, and forestry—and find opportunities to grow your business. Improve your risk differentiation by modeling variations in building attributes at the CRESTA level to better understand the vulnerability of your exposure. If risk attributes are unknown, you can leverage AIR's detailed industry exposure database to make appropriate assumptions.

Hail risk in the UK? What hail risk?

Address Solvency II requirements and get information on model validation.

AIR’s support provides you with a deep understanding of model assumptions, limitations, and validation to help you address Solvency II requirements.


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