Online storm forecaster gives a heads up
Perils, an independent Zurich-based organisation providing industry-wide catastrophe insurance data, has launched a platform providing real-time, industry-loss estimates for hailstorm events in Australia. In addition, the current Wind-Jeannie loss forecasting platforms for Europe and Australia have been updated with enhanced features.
The industry-loss tool for hail, known as 'Hail-Jeannie Australia', provides real-time information on hail sizes and industry losses for severe hailstorms in Australia. This information is updated every six hours and is available 24/7, allowing for continuous coverage of hailstorm activity across the country.
Perils has also updated the Wind-Jeannie platforms for Europe and Australia to include state-of-the-art animations of approaching windstorms seven days into the future, with detailed interactive maps to evaluate the industry loss forecasts.
Initially set up by Perils in 2015, Wind-Jeannie has proved effective in helping companies prepare for large windstorm events by providing easily accessible information on the expected magnitude and geographical extent of an industry loss in advance of it occurring. Users can set up email alerts for wind and hail events in excess of a defined industry-loss level to remain continuously up to date.
The Perils industry exposure and loss database is available to all interested parties via annual subscription.
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