Intelligently Designed. Location and Portfolio Level Intelligence.
For 25 years, Risk Frontiers has been leading the development of natural catastrophe models for the Asia-Pacific region. Available on our Multi-Peril Workbench, HailAUS is now offered through the Oasis loss modelling framework and commercially via Nasdaq Risk Modelling for Catastrophes.
HailAUS enables users unparalleled quantification of risk at the location and portfolio level, having full national coverage for property and motor insurance portfolios.
Results with Impact
HailAUS 7.1 uses Risk Frontiers’ own High Storm Potential Index to describe the probability of hailstorms nationwide. The model is built upon the Bureau of Meteorology’s radar network, internal archives of historical hazard events and our PerilAUS database, along with reanalysis climate variables. Hail footprints are elliptical with concentric levels of estimated hail size, with damage estimates calculated for each exposure within this ellipse. The model parameters account for the density of cars based on time of year, time of day, and the nature of the location (e.g. car parks for airports, universities, or major shopping centers) for loss estimation.
HailAUS Model Overview
|Location Address Level|
|50,000 years, 90 million storms|
Line of Business
|All Properties on mainland Australia and Tasmania.|
Post-Event Response Capabilities
Risk Frontiers has the ability to provide rapid damage estimates in the aftermath of a catastrophic hail event. Within 24 hours of an event, we are able to process radar data using peer-reviewed algorithms to determine event maximum expected hail size. Radar image processing techniques then produce the expected damage footprint for those estimated hail sizes and damage calculated against an exposed portfolio. Below is an example of the December 20th, 2018 Sydney hailstorm.
For more information contact:Dr Ryan Crompton – email@example.com
Dr Foster Langbein – firstname.lastname@example.org
Click here to download pdf version of the HailAUS flyer