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WMO expert meeting on Requirements of Catastrophe Insurance & Weather Risk Management Markets December 7, 2007 Sharon LeDuc, Deputy Director NOAA Satellite And Information Service National Climatic Data Center (NCDC) Asheville, NC Role & Challenges & Opportunities For Servicing Financial Risk Transfer Models (backup slides)

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WMO expert meeting on Requirements of Catastrophe Insurance & Weather Risk Management Markets December 7, 2007. Role & Challenges & Opportunities For Servicing Financial Risk Transfer Models (backup slides). Sharon LeDuc, Deputy Director NOAA Satellite And Information Service - PowerPoint PPT Presentation

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Page 1: WMO expert meeting on

WMO expert meeting on

Requirements of Catastrophe Insurance & Weather Risk Management Markets

December 7, 2007

Sharon LeDuc, Deputy DirectorNOAA Satellite And Information ServiceNational Climatic Data Center (NCDC)

Asheville, NC

Role & Challenges & Opportunities For Servicing Financial Risk Transfer Models

(backup slides)

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NOAA’s roles:

Warnings (NWS);

Data for

risk assessment

mitigation

preparedness

(NCDC, CSC)

Outlook for risk assessment

mitigation

preparedness(NWS)

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Billion Dollar Climate and Weather Disasters

1980-20061980-2004

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Example Ozone Transport & Residence

Seconds/meter

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Continental Storm Risk Index – with UNCA/ NEMAC

Areas with 4 inches of rain impacted 554,246 Families798,348 Households 908,155 House Units2,098,223 People

• Develop Storm Risk Indices for US for 20+ years• Improve Disaster Assessment & Response

Using NOAA’s radar data & 2000 US Census data, determine who was affected by heavy rainfall during Hurricane Charley

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Swannanoa

Warren Wilson College

Lane Pinnacle

5230’

Bee Tree Reservoi

r

Asheville Christian School

Blue Ridge Parkway

Swannanoa River

Swannanoa River

Bee Tree Creek

Cartography By: Greg Dobson 1-

27-07

FEMA

NCCGIA

USGS

Decision Theatre enables graphic display of various hazards. Indices can be developed for

communication of severity of hazard (as in the flood above).

Hazards Index – with RENCI