(A guest post by IBM's Tony Boobier, Business Analytics Insurance Leader, EMEA)
It’s been a damp and stormy winter in Europe. UK Insurance claims following recent storms and flooding over Christmas and New Year have hit £426m ($1.0BN), and are expected to grow. UK Insurance companies have received 174,000 claims for damage to homes, cars and businesses, and as I write, it is still raining outside.
On mainland Europe the position is no better with the loss estimate for Windstorm Christian at 1.07 Billion Euros... [Continue Reading]