PERILS expands Wind-Jeannie to Japan, updates all existing models

Zurich-domiciled catastrophe insurance data provider PERILS has launched Wind-Jeannie Japan, a new platform providing real-time industry loss forecasts for typhoons in the country.

The product provides industry loss forecasts for typhoon events for the upcoming 72 hours. It operates continuously with forecasts updated in real-time every 12 hours, and also provides footprints of the predicted wind gusts and potential resulting losses.

PERILS explained, Wind-Jeannie uses gust forecasts from the European Centre for Medium-Range Weather Forecasts (ECMWF), a widely recognised source of accuracy in tropical cyclone prediction.

Users of the product can also download the gust data and industry loss footprints from the platform at the municipality (Kushichōson) level for further analysis.

Concurrently, PERILS has also updated the loss calculation engines of all existing Jeannie tools with new insights from the latest wind and hail events in the covered regions.

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Initially set up in 2015 for European windstorms, the Wind-Jeannie platform has been effective in helping re/insurers prepare for large wind events by providing easy access to information on the expected magnitude and geographical extent of an industry loss in advance of the event.

In 2021, Hail-Jeannie Australia was expanded to provide real-time loss forecasts for hailstorms in Australia. The platform is available 24/7 and now covers Europe, Australia and Japan.

Takashi Goda, Japan Representative at PERILS, commented, “As we enter the peak typhoon season, Wind-Jeannie Japan provides a welcome new perspective on typhoon risk in Japan. It offers multiple benefits to users such as enhancing the ability to understand the potential impact of a typhoon ahead of an event and helping insurers prepare the necessary resources to respond quickly and effectively to assist those affected.”

Christoph Oehy, Chief Executive Officer, PERILS, added, “Our Jeannie tools are designed in a similar way to weather forecast platforms. The information is instantly accessible and easy to understand, whether you use a smartphone, tablet or laptop.

“Users can also set up email alerts for wind and hail events in excess of a defined industry loss level to remain continuously up to date. In our view, the Jeannie tools are testimony to the value of PERILS exposure and loss data and the innovation it can drive, while demonstrating our continued commitment to pioneering solutions that provide greater data insight into catastrophe events.’