The latest CSU forcast is out and this is earlist indication of Hurricane activity in 2019 for the East Coast. It will be updated in April, through the year and as the season gets closer and underway.

The chart and data below indicate the chances of a hurricane in 2019 affecting the East Coast.

This early indication is for another quiet year - 2018 was meant to be quiet too. However this is against a backdrop that these are early forecasts and the steady increase in the level of Hurricane activity over recent years. Adding a 10 year moving average to the records from 1851 data shows that 2019 could be at 6 to 8 level of storms.

We will update this report again as the CSU updates their forecasts.

Further Reading

2018 disaster losses

Hurricane Flood Damage

Why disasters need insurance

Why Parametric insurance

At Microinsurance we are focused on changing the way insurance is developed and processed. We are insurance with an API. We are in the forefront of that change; developing policies by the season, job, by the hour, by the day and by the Km, thus fitting our model to that of the platforms and the way small and micro businesses see risk. We are unbundling policies so that the cover offered fits with peoples needs or the actual job or process being undertaken.

Getting It Done

tags #parametrics #freelance #gigeconomy #sharedeconomy #microinsurance #captive #homeinsurance #India #augmentedinsurance

Posted in MicroInsurance blog on Dec 31, 2018