LONDON, May 29, 2014 /PRNewswire/ --
With the U.S. hurricane season starting June 1, meteorologists and experts from Impact Forecasting – Aon Benfield's catastrophe model development team – will be available to discuss the historical damage caused by hurricanes in the U.S. plus provide commentary on how the insurance and risk management industry is preparing for the season ahead. Aon Benfield, a division of Aon plc (NYSE: AON) is the world's leading reinsurance intermediary and full service capital advisor, providing the world's markets with access to innovative analytics, including catastrophe management.
Hurricanes are the world's most damaging natural peril with effects including winds, precipitation and storm surge. On average, the US – which has the largest coastal insurance exposure in the world – experiences one or two land falling hurricanes every year.
1. Costliest U.S. hurricanes Aon Benfield has compiled a list of the top 10 U.S. hurricane events in terms of cost: http://catastropheinsight.aonbenfield.com/Top10/U.S.-Hurricane-Economic-Insured-Loss-Events.pdf
2. Increasing understanding of global hurricane risk Impact Forecasting's experts – including meteorologists and climatologists – work with global academia to better understand the frequency and magnitude of hurricanes.
3. Use of catastrophe models to estimate the cost of hurricanes Impact Forecasting has created a US hurricane model to enable insurers and reinsurers to calculate loss estimates of potential events, buy the appropriate reinsurance cover and ultimately pay claims.
To arrange an interview with an Aon expert please contact:
SOURCE Aon Benfield