Livecat Forecast | PreCat Forecast | Seasonal Forecasts | Severe Storm Index
WSI LiveCat Forecast
WSI LiveCat Forecast is the industry’s leading catastrophic weather forecasting tool, providing highly accurate predictions – up to 10 days out – of the path and intensity of hurricanes, typhoons and European windstorms. Using a patent pending technique, WSI LiveCat Forecast employs state-of-the-art meteorological models to predict the track, intensity and duration of catastrophic weather events and associated landfall probabilities. Its 10-day projection extends beyond the more limited government 5-day forecast period.
This richer set of forecast information gives insurance professionals, energy traders, and utility executives the ability to more precisely adjust their loss models and establish advantageous market positions days ahead of competitors relying on government information alone. Backed by over 30 years of weather expertise, WSI LiveCat Forecast provides the most valuable set of decision-making information during the tropical and windstorm seasons.
Here are just a few of the features:
- Accessible via secure website
- 10-day tropical forecasts depicting storm position and intensity that are updated twice daily and a looping feature that includes the ability to review the previous forecasts
- Landfall probability forecasts provided at pre-defined gates along the US, Atlantic and Gulf Coasts
- Dynamic cone of uncertainty provided for each Atlantic and Pacific forecast, allowing users to judge the expected accuracy of a particular 10-day forecast and adjust decision-making strategies accordingly
- Wind Speed and Wind Gust probability forecasts for winds exceeding specific thresholds in Europe
WSI PreCat Forecast
Sharpen your risk management decisions months in advance of catastrophic wind events with WSI PreCat Forecast™ expert preseason outlooks. Using our own proprietary statistical models, WSI PreCat Forecast produces exclusive preseason forecasts for upcoming tropical cyclone and European windstorm seasons. Monthly updates in advance of each season predict tropical landfall rates and probabilities of landfall for North American coastal regions. Users also receive predictions regarding the number of North Atlantic windstorms that may adversely impact Europe. Advanced lead-time and intelligence enables insurance professionals to make more accurate decisions and better manage risk. Backed by over 30 years of weather expertise, WSI PreCat Forecast provides insurance professionals with the expertise and advanced notification needed to confidently prepare for upcoming catastrophic wind events.
WSI Seasonal Forecasts
Traders can more accurately hedge their market positions going into the upcoming season with WSI’s Seasonal Forecasts. Produced by the most respected seasonal forecast team in the industry, led by Dr. Todd Crawford, WSI’s Seasonal Forecasts provide traders with the advanced insight needed to minimize risks in the upcoming months. Highly regarded as a must have tool for traders since its inception 10 years ago, WSI’s Seasonal Forecasts offer an in-depth and comprehensive report detailing the anticipated temperature and precipitation anomalies over the next three month period. In addition to this report, detailed graphics and regional tables are provided as well as a complete verification report to keep track of forecast performance. Available as a standalone service or via WSI’s Energycast PowerTrader and Energycast Europe websites, WSI’s Seasonal Forecasts offer expert forward guidance to help our clients manage the markets more strategically.
WSI Severe Storm Index
Unlike tropical events that are forecasted multiple days prior to landfall, severe thunderstorm activity (which causes billions of dollars in losses each year) has been a challenge to forecast and understand – until now. To meet the needs of the insurance industry, WSI’s leading research and development team has developed the Severe Storm Index, a proprietary service that provides critical intensity information for the top five hazards associated with thunderstorms – tornados, hail, lightning, wind and floods.
Delivered using an easy to understand 0-10 scale, the Severe Storm Index provides the overall severity of a storm plus individual indices noting potential for damaging tornados, hail, wind, flooding, and lightning. This new intelligence and advanced warning enables the insurance industry to prepare clients for impending severe weather, better assess where spikes in claims may occur and quickly identify potentially fraudulent claims. Available in a number of different formats and utilized in almost any data-driven and/or GIS application, this is an essential tool for effectively managing policies that could be significantly impacted by severe weather.