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Preceding the operational stage of the Windstorm Service for the Insurance sector, the pre- operational stage WISC1 successfully demonstrated the estimation of economic losses for winter storm events over Europe, based on state-of-the-art numerical weather prediction models and economic loss models. The service applies a chain of models, from models to generate Tier 1 windstorm footprints to an economic model for estimating Tier 3 economic losses, where the latter uses the windstorm footprints as input. While for loss indicators (damage per storm) the storm footprints where updated, the risk indicators (average damage per year) are based on the synthetic event set that is unchanged since the pre-operational stage.
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Product Description
Product Target Requirements
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Waisman, F. (2015) European windstorm vendor model comparison. in Slides of a presentation at IUA catastrophe risk management conference, London 30
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This document has been produced in the context of the Copernicus Climate Change Service (C3S). The activities leading to these results have been contracted by the European Centre for Medium-Range Weather Forecasts, operator of C3S on behalf of the European Union (Delegation agreement Agreement signed on 11/11/2014 and Contribution Agreement signed on 22/07/2021). All information in this document is provided "as is" and no guarantee or warranty is given that the information is fit for any particular purpose. The users thereof use the information at their sole risk and liability. For the avoidance of all doubt , the European Commission and the European Centre for Medium - Range Weather Forecasts have no liability in respect of this document, which is merely representing the author's view. |
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