We would like to meet with you while you’re at the European Geosciences Union (EDU) General Assembly 2011; please contact us. AER is contributing 9 presentations focused on these areas; see details on these presentations and speakers.
Insurers investigating questionable hail claims will learn insights from State Farm and AER on March 21, at the Insurance Fraud Management Conference. New weather analytics technology combined with policy locations provide faster, more accurate assessments of whether a hail storm damage claim should be approved or requires additional investigation.
Increasing demand for energy in the summer will continue to outpace the growth of winter energy use. In results presented by AER today at the Second AMS Conference on Weather, Climate, and the New Economy, the analysis of primary energy consumption in the US over the last 38 years shows the peak in summer energy demand has grown steadily since the 1970's, and is now nearly comparable to the peak energy demand in winter.
AER and two of the largest reinsurance firms, Willis and Zurich Financial Services, outlined opportunities in managing weather and climate risk for 200 insurance executives. In the current environment of increasingly volatile weather, property & casualty insurers are adopting the latest climate risk management approaches to improve financial performance – for their own and their clients’ businesses.
Not only are greenhouse gases a major force that is driving global warming, but their impacts on temperature change is also now known to be greater than initially thought. On top of that, annual global temperatures are continuing to accelerate. We have determined that, based on the average of a set of complex atmospheric model projections, the temperature will increase in the United States in each of its regions throughout the first half of the twenty-first century in both winter and summer.
As the year-end approaches, organizations review fiscal results and examine underlying trends. Senior executives are analyzing opportunity and risk scenarios as they plan for the months and years ahead. Regardless of industry, there is a major economic factor that impacts all commercial activities. Weather.