Reports & Knowledge
Reports & Knowledge
Driven out of our team of analysts and strategists, we bring you the latest research so you can stay up to date with the latest market trends.
Whitepaper: Large Hail in Europe
Severe convective storms (SCS) and the weather hazards associated with them cause significant economic losses worldwide. Although several weather hazards are associated with SCS such as tornadoes and heavy precipitation, the most damaging of these hazards is often hail, and yet it is one of the least understood. Our review highlights that the science of large hail risk is relatively immature compared to other catastrophic natural perils, which the insurance industry is more accustomed to managing. What is clear from current data, however, is that hail risk in Europe is changing and as an industry we need to better understand these shifts in order to prepare for the future. In this paper we share the output of our research review and discuss implications for the insurance industry.
White paper: Building for the future
Innovation is simply another word for change. It becomes meaningful to an organisation when there is strategic intent behind it. At Chaucer, we believe that success in innovation is inherently linked to collaboration, and this white paper is designed to share what we’ve learned so far in our innovation journey. It explores what innovation is, why it’s important and what success can look like. Specifically, it explores the role of innovation as a tool in the strategy arsenal and it outlines various models for how companies are implementing it, along with tips for practical adoption.
White paper: North American Wildfire Risk
Wildfires, particularly North American wildfires, are a key risk for our industry. For reasons ranging from urban development patterns to climate change, the danger they pose is growing. While many wildfire catastrophe models exist, they are relatively immature to other peril models and are not widely used by either the insurance or reinsurance markets. Given the risk is growing and confidence in the modelling has not matured, partly due to current regulatory restrictions, we need to better understand trends in wildfires and what these mean from both an industry and a view of risk perspective.
Whitepaper: Oceanographic climate change
The ‘Oceanographic climate change: The impact of ocean-based climate change trends' report, warns that the offshore energy sector – particularly assets such as oil platforms and wind turbine installations – is on course for a material change in risk exposure from worsening extreme weather conditions including changes in storm patterns.