Webinar: Navigating the new frontier of severe thunderstorm risk 2025

In recent years, the insurance industry’s perception of risk from severe thunderstorms, also known as severe convective storms, has shifted significantly. No longer is this considered a “secondary peril”, as these storms are driving annual insured losses rivaling or even exceeding that of traditional primary perils, such as earthquakes and hurricanes.

In 2023 and 2024, the US recorded two of its costliest years for thunderstorm losses, both exceeding $50bn, according to Verisk. This is prompting a shift in how insurers and reinsurers model, understand and manage their exposure.

Join Insurance Insider, in partnership with Verisk, for a free webinar at 10:30 EDT/15:30 BST on 29 September, as we explore the latest tools and strategies to manage severe thunderstorms.

Discussion questions include

• What is driving the growth in insured losses from severe thunderstorms?
• How are re/insurers managing severe thunderstorm risk across their complex portfolios? How are they managing challenges including identifying underpriced policies or overexposed areas? How are they finding profitable areas to grow?
• What is the latest technology available to help companies examine risk on a property-by-property basis?
• How are re/insurers managing capacity and pricing for niche properties, such as solar farms, marine or industrial assets, which may face a unique vulnerability to hail, straight-line wind and tornadoes?
• How are re/insurers focusing on hail risk specifically to manage extreme loss risks, especially in areas like Texas, Oklahoma, Kansas, Colorado and Illinois, where recent losses have presented significant challenges to insurers’ profitability?
• How are re/insurers navigating evolving regulatory standards around climate and natural catastrophe risk?

Speakers

• Vikram Vyas, Head of Model Product Management, Verisk Extreme Event Solutions
• Tim Zawacki, Senior Research Analyst, S&P Global Market Intelligence
• Andrew Siffert, Senior Vice President / Senior Meteorologist, BMS Re