Session 4 : Increasing Risk of Large Hail in Europe
Dana Foley and Alexandra McConkey from Chaucer Group, along with Pierre Mouilhade of IPE, examined the escalating threat of large hail events in Europe, particularly following significant losses in 2022 and 2023. Their analysis highlighted trends of increasing frequency and severity, the influence of climatic factors such as rising CAPE and Mediterranean sea surface temperatures, and the growing vulnerability due to urbanization. The session emphasized the need for insurers to reassess hail risk in light of these evolving dynamics.