SAMPLE Aon Impact Forecasting Catastrophe Hazard and Risk Data - 135 Countries, 12 Catastrophe ...

Overview

Aon’s Impact Forecasting provides advanced catastrophe and climate risk data solutions, supporting organizations worldwide in understanding, quantifying, and managing exposure to climate and natural catastrophe hazard. Covering more than 135 countries and territories, and spanning across 12 major perils, our comprehensive datasets, models and tools empower a wide range of industries to make better informed, data-driven decisions for risk management and mitigation, insurance policy underwriting, resilience and strategic planning.

Key Features and Capabilities

1. Global Coverage

Impact Forecasting’s data covers over 135 countries and territories, providing robust catastrophe risk insights for both established and emerging markets.

2. Multi-Peril Insights

Our offering includes 12 major natural catastrophe perils, such as flood, earthquake, hurricane, wildfire, tornado, hail, tropical cyclone, severe convective storm, tsunami and more.

3. Risk and Hazard Indicators

Risk (Loss) Indicators: Quantify potential financial implications of natural catastrophe.

Hazard (Intensity) Indicators: Assess exposure to and severity of natural catastrophe event (such as ground shaking, wind speed, or flood depth).

4. Climate Change Integration

Our models incorporate various climate change scenarios and projections, enabling users to assess how evolving climate patterns may affect future catastrophe risk.

5. Sector-Specific Applications

Impact Forecasting’s data supports a diverse range of sectors:

- Insurance and reinsurance (product design, primary policy underwriting, portfolio management, reinsurance pricing, capital modeling and regulatory)
- Engineering and infrastructure (site selection, design standards, resilience planning)
- Government and public sector (disaster risk reduction, emergency planning, catastrophe risk resiliency, infrastructure investments)
- Corporate decision-making (business continuity planning, supply chain risk assessment, and site selection)
- Environmental and sustainability initiatives (climate adaptation and resilience strategy, ESG and sustainability reporting)

6. Research & Development

a. In-House Expertise

All our probabilistic catastrophe models as well as derived data sets are fully developed in-house by Impact Forecasting’s dedicated research and development teams, ensuring quality, consistency, and adaptability to client needs.

b. Comprehensive Data Gathering

Our model development process integrates a wide array of data sources:

- Public Data: National meteorological and geological agencies, global climate databases, census and land use data, and open-source hazard datasets.
- Private Data: Insurance claims, proprietary hazard observations, engineering studies, and remote sensing imagery.
- Academic and Industry Partnerships: We collaborate with leading universities, research institutes, and industry bodies to incorporate the latest scientific advances and real-world event analyses.

c. Unique Methodology

Impact Forecasting applies a proprietary modeling approach, combining:

- State-of-the-art statistical and physical modeling techniques
- Machine learning and data assimilation methods
- Rigorous model validation and benchmarking against historical losses and observed event footprints

7. Model Outputs and Data Products

a. Event Footprints: Detailed spatial representations of hazard intensity for historical, scenario, and stochastic events.

b. Loss Estimates: Financial impact assessments at various aggregation levels (location, portfolio, regional, or national).

c. Exposure Analytics: Risk metrics tailored to specific line of business, property types and geographies.

d. Climate Change Scenarios: Forward-looking risk assessments accounting for projected changes in hazard frequency and intensity.

e. Custom Data Solutions: Flexible delivery formats (e.g. maps, GIS layers, tabular datasets, APIs) to integrate seamlessly into client workflows and platforms.

8. Benefits and Value Proposition

a. Data-Driven Decision Making: Empowers users to make confident, data and science-based choices for risk selection, pricing, portfolio optimization, and resilience building.

b. Regulatory and Reporting Support: Facilitates compliance with regulatory requirements and supports climate-related financial disclosures (e.g. Solvency II, TCFD, etc.).

c. Continuous Innovation: Our models and datasets are regularly updated to reflect the latest research, event observations, and evolving client needs.

d. Global Reach, Local Relevance: While providing global coverage, our solutions are tailored to account for local hazard characteristics, building practices, and exposure patterns.

9. Why Choose Aon Impact Forecasting?

a. Decades of experience in catastrophe modeling and climate risk analytics
b. Trusted by leading (re)insurers, corporates, and public agencies worldwide
c. Commitment to transparency, scientific rigor, and client-focused innovation
d. Seamless integration into your system of choice