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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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