SwissRe and AER focus on space weather, grid infrastructure risk and the amount of exposure in today’s electricity-dependent society. For example, a very strong geomagnetic storm in 1989, caused a nine-hour power outage over the whole province of Quebec.
Kyle Beatty
Space Weather Effects on Insurance Risk Management
With society's increasing reliance on the electrical grid, space weather events such as severe solar storms can wreak havoc on the electric power supply and trigger losses from business interruption and damaged physical assets. My recent conversation with Verisk Review covers the impact of space weather events, the financial consequences to insurers, and steps insurers can take to manage and evaluate their exposure. We discussed:
The State of Solar Power Forecasting: Telvent DTN and AER webinar
Utilities in North America will learn the current state of solar power forecasts, what innovations can be expected in the future, and how utilities are benefiting from these solutions to better meet the demands of the Smart Grid. Kyle Beatty, AER VP Business Solutions, will discuss the state of solar power forecasting during Telvent’s Smart Grid Online Seminar Series, on Nov. 9, 2011.