Catastrophe Indices & Quantification (CatIQ) has announced has entered into a partnership with Western University’s Northern Tornadoes Project (NTP).
The partnership will see NTP provide its tornado tracks and downburst extents to the CatIQ platform, while CatIQ offers its insured loss estimates to catastrophic severe weather event documentation in NTP’s open-access database.
“The addition of the Northern Tornadoes Project’s precise tornado tracks and downburst extents provides CatIQ subscribers with a comprehensive catastrophe hub that helps them to quickly assess the damage area in large loss events,” said CatIQ managing director Laura Twidle.
“Obtaining accurate loss information for tornado and other damaging wind events is a challenging but necessary aspect of event impact assessment,” said NTP executive director Dr. David Sills. “The insured loss data that CatIQ provides will help NTP ensure that the best available data are used for event documentation.”
Earlier this month, CatIQ released the annual update of its Industry Exposure Database (IED) for the Canadian insurance market. The updated IED contains 2020 year-end estimates of Canadian industry property sums insured.
