Advanced

Can losses caused by wind storms be predicted from meteorological observations

Rootzén, Holger LU and Tajvidi, Nader LU (2001) In Scandinavian Actuarial Journal 2001(2). p.162-175
Abstract
This paper contains a study of the extent to which aggregate losses due to severe wind storms can be explained by wind measurements. The analysis is based on 12 years of data for a region, Ska § ne, in southern Sweden. A previous investigation indicated that wind measurements from six recording stations in Ska § ne was insufficient to obtain accurate prediction. The present study instead uses geostrophic winds calculated from pressure readings, at a regular grid of size 50 kilometres over Ska § ne. However, also this meteorological data set is seen to be insufficient for accurate prediction of insurance risk. The results indicate that currently popular methods of evaluating wind storm risks from meteorological data should not be used... (More)
This paper contains a study of the extent to which aggregate losses due to severe wind storms can be explained by wind measurements. The analysis is based on 12 years of data for a region, Ska § ne, in southern Sweden. A previous investigation indicated that wind measurements from six recording stations in Ska § ne was insufficient to obtain accurate prediction. The present study instead uses geostrophic winds calculated from pressure readings, at a regular grid of size 50 kilometres over Ska § ne. However, also this meteorological data set is seen to be insufficient for accurate prediction of insurance risk. The results indicate that currently popular methods of evaluating wind storm risks from meteorological data should not be used uncritically by insurers or reinsurers. Nevertheless, wind data does contain some information on insurance. risks. There is a need for further research on how to use this information to improve risk assessment. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Wind Storm Claims, Meteorological Prediction, Geostrophic Winds
in
Scandinavian Actuarial Journal
volume
2001
issue
2
pages
14 pages
publisher
Taylor & Francis
external identifiers
  • scopus:24244460165
ISSN
0346-1238
DOI
10.1080/03461230152592791
language
English
LU publication?
yes
id
c9885185-39fb-4820-9108-8ed032fd714c
date added to LUP
2018-03-16 16:26:59
date last changed
2018-05-29 11:28:57
@article{c9885185-39fb-4820-9108-8ed032fd714c,
  abstract     = {This paper contains a study of the extent to which aggregate losses due to severe wind storms can be explained by wind measurements. The analysis is based on 12 years of data for a region, Ska § ne, in southern Sweden. A previous investigation indicated that wind measurements from six recording stations in Ska § ne was insufficient to obtain accurate prediction. The present study instead uses geostrophic winds calculated from pressure readings, at a regular grid of size 50 kilometres over Ska § ne. However, also this meteorological data set is seen to be insufficient for accurate prediction of insurance risk. The results indicate that currently popular methods of evaluating wind storm risks from meteorological data should not be used uncritically by insurers or reinsurers. Nevertheless, wind data does contain some information on insurance. risks. There is a need for further research on how to use this information to improve risk assessment.},
  author       = {Rootzén, Holger and Tajvidi, Nader},
  issn         = {0346-1238},
  keyword      = { Wind Storm Claims,Meteorological Prediction,Geostrophic Winds},
  language     = {eng},
  number       = {2},
  pages        = {162--175},
  publisher    = {Taylor & Francis},
  series       = {Scandinavian Actuarial Journal},
  title        = {Can losses caused by wind storms be predicted from meteorological observations},
  url          = {http://dx.doi.org/10.1080/03461230152592791},
  volume       = {2001},
  year         = {2001},
}