CSU: (Re)insurers should brace for “above-normal” 2022 Atlantic hurricane season
In this video, Colorado State University (CSU) researcher Phil Klotzbach tells The Insurer TV the upcoming Atlantic hurricane season will be characterised by “above-normal” activity for the seventh consecutive year.
Klotzbach pointed to research forecasting 19 named storms, nine hurricanes and four major hurricanes, citing “above-average” activity relative to the 30-year average.
These figures roughly tally with analysis conducted by The Insurer based on research from several weather agencies and universities, including CSU. An average of the compiled data shows a forecast of 18 named storms, eight hurricanes and four major hurricanes.
During this interview we discuss:
- The forecast for the 2022 Atlantic hurricane season
- How it compares with previous years
- Climate change as a catalyst for natural catastrophes
- How forecasting models can help (re)insurers understand catastrophes and mitigate risk
- The challenges for (re)insurers of multiple events making landfall in the same area