Aon launches a new SCS catastrophe model for improved U.S. risk analysis, reflecting 60% of global natural catastrophe losses.
Aon has launched a new catastrophe model to analyze severe convective storms (SCS) in the U.S., developed by its Impact Forecasting team. This model captures a wide range of loss events, including high-frequency occurrences and significant tail losses. It aims to enhance portfolio management and reinsurance decisions, reflecting the rising costs of SCS, which accounted for over 60% of global natural catastrophe losses in early 2023.
September 24, 2024
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