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Willis Re launches new hail catastrophe risk model for South Africa
Willis Re launches new hail catastrophe risk model for South Africa
Willis Re has launched a new Hail Catastrophe Risk model quantifying the risk from damaging hail events across South Africa.
Rivers of ice in Benoni, South Africa flood 2021 | Credit: NDNews Weather
Willis Re has launched a new hail catastrophe risk model quantifying the risk from damaging hail events across South Africa. Willis Re is a leading reinsurance broker known for its world-class analytics capabilities.
The new model is developed in collaboration with Willis Research Network partners at the National Aeronautics and Space Administration (NASA) Langley Research Centre and the Karlsruhe Institute of Technology (KIT) in Germany. Willis Re said the new model delivers a robust view of hail risk for the (re)insurance market.
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